Regional Management expands operations to Arizona

Regional Management announced that it has commenced lending operations in Arizona, its 19th U.S. state, and expects to open its first branch within Arizona during the second quarter of 2023. "We are excited to bring our suite of affordable financial solutions to consumers in Arizona and further expand our operations within the southwestern U.S.," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We are currently servicing loans through our centralized sales and service teams, and we will eventually expand those efforts to branches in the state. Our measured expansion strategy continues to enable us to deliver controlled, sustainable growth and long-term value to our shareholders."