Regional Management Corp. - Corporate Profile

Acknowledgment

Asset Backed Securities

General

Your use of this website is subject to the following terms and conditions. You may view the information provided in this website only on the condition that you agree with the terms of use set forth below. By accessing this website, you acknowledge that you have read, understand, and agree to be bound by these terms and conditions, as these terms and conditions may be modified from time to time. Regional Management Corp. (“Regional”) assumes no responsibility for the timeliness, completeness, or accuracy of the information, documents, and materials (the “Content”) provided in the sections of this website that pertain to asset-backed securities (the “Securities”) and reserves the right to amend or revise the Content at any time without notification.

No Offer or Solicitation of the Securities

This website includes Content relating to the Securities. Regional does not intend to solicit and is not soliciting any action with respect to the Securities. The Content is provided for general information and historic purposes only, is current only as of its specific date, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, including the Securities. The information is not intended to be a complete discussion of all material information about Regional and the Securities. All of the information relating to Regional and the Securities is qualified in its entirety by the relevant offering materials and related supplemental information. Regional shall not be liable for any errors or omissions contained herein or for any damages whatsoever arising out of or related to the use of this website, including all Content, including without limitation, direct, indirect, incidental, special, consequential, or punitive damages, whether under contract, tort or any other theory of liability, even if Regional is aware of the possibility of such error or damages.

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All Content (including any software related to the Content) is provided "as is" and without any warranty of any kind. Regional assumes no obligation to update or continue to post or link to information (including any Content). Regional disclaims any and all express or implied warranties relating to the use of this website, including all Content and third-party websites to which this website may have a link, including, without limitation, merchantability, suitability, non-infringement, or fitness for a particular purpose. The Content is presented only as of the date the information was originally issued. For current information about Regional, please refer to Regional’s most recent filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available in the “SEC Filings” section of this website and are also available on EDGAR through the SEC’s website at www.sec.gov.

Terms of the Securities

The terms of any particular issue of Securities are governed by the documents establishing such terms. In the event there is an inconsistency between the Content regarding a particular issue and the terms specified in or determined pursuant to the documents that establish the terms of such issue, the terms so specified or determined in the applicable documents shall prevail.

Non-Deposit Products

The Securities for which the Content is provided on this website are not FDIC insured and are not bank deposits, obligations, or guarantees. Consequently, they may lose value.

Cautionary Note Regarding Forward-Looking Statements

The Content may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to such matters as funding strategies, underwriting policies, collection and remarketing activities, prepayment rates, delinquencies, losses, repossessions, and other matters. Forward-looking statements are not statements of historical fact but instead represent only management’s current beliefs regarding future events. By their nature, forward-looking statements involve inherent risks, uncertainties, and other important factors that may cause actual results, performance, or achievements to differ materially from those expressed in or implied by such forward-looking statements. We caution you not to place undue reliance on these forward-looking statements that speak only as of the date they were made. We do not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events. Forward-looking statements include, without limitation, statements concerning future plans, objectives, goals, projections, strategies, events, or performance, and underlying assumptions and other statements related thereto. Statements preceded by, followed by, or that otherwise include the words “anticipates,” “appears,” “are likely,” “believes,” “estimates,” “expects,” “foresees,” “intends,” “plans,” “projects,” and similar expressions or future or conditional verbs such as “would,” “should,” “could,” “may,” or “will,” are intended to identify forward-looking statements. Important factors that could cause actual results, performance, or achievements to differ materially from those expressed in or implied by forward-looking statements include, without limitation, the risks and uncertainties described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recent Form 10-K and Forms 10-Q filed with the SEC and in the Company’s other filings with the SEC from time to time. Such factors that could cause actual results, performance, or achievements to differ materially from those expressed in or implied by forward-looking statements do not purport to be complete, and new factors, risks, and uncertainties may arise in the future that are impossible for us to currently predict.

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Robert W. Beck, President and Chief Executive Officer

Mr. Beck has served as President and Chief Executive Officer and as a director of Regional since March 2020. From July 2019 until March 2020, Mr. Beck served as Executive Vice President and Chief Financial Officer of Regional. Prior to joining Regional as Chief Financial Officer in July 2019, he was Executive Vice President and Chief Operating Officer of the Leukemia and Lymphoma Society. Before that, he spent 29 years at Citibank, serving in various roles. Most recently, Mr. Beck was the Chief Operating Officer of Citibank’s US Retail Bank, after previously serving as Chief Financial Officer of Citibank’s US Consumer and Commercial Bank. Prior to that, Mr. Beck served in a number of different roles at Citibank, including head of Citigroup Corporate Finance, head of Citigroup Reengineering, and co-head of Citigroup Corporate M&A. Mr. Beck received his BS in Business Administration and Management from Washington University in St. Louis, and his MBA in Finance and International Business from New York University’s Stern School of Business.

Harp Rana, Executive Vice President and Chief Financial Officer

Ms. Rana has served as Executive Vice President and Chief Financial Officer of Regional since November 2020. Ms. Rana has 20 years of financial services experience, with extensive skills related to capital and credit management, driving profitable portfolio growth, digital product development and transformation, and retail banking management. From 2016 through 2020, Ms. Rana was Managing Director, North America Retail Bank at Citigroup. From 2013 through 2015, she held various additional lead positions in business and finance roles at Citigroup, including Head of US Retail Deposit & Lending Products. Ms. Rana received her BA from the University of British Columbia in Vancouver, Canada and her MBA from the University of Rochester in Rochester, New York.

John D. Schachtel, Executive Vice President and Chief Operating Officer

Mr. Schachtel has served as Executive Vice President and Chief Operating Officer of Regional since May 2017. Mr. Schachtel has more than 30 years of experience in consumer financial services. From 2013 until 2016, Mr. Schachtel was the Chief Operating Officer of OneMain Financial Holdings, Inc. (formerly known as CitiFinancial). As Chief Operating Officer of OneMain Financial, Mr. Schachtel’s responsibilities included management and oversight of sales, field operations, marketing, and collections. Prior to assuming the Chief Operating Officer role, Mr. Schachtel served for over 10 years as OneMain/CitiFinancial’s Executive Vice President, Northeast and Midwest Division. Mr. Schachtel also held various other positions at OneMain/CitiFinancial during his 29-year career with the company, including Operations Director and Director of Field Compensation, New Branch Development, and Project Management, before becoming Senior Vice President of Corporate Marketing in 1999. Since March 2017, Mr. Schachtel has also served as a member of the Board of Directors of SilverSun Technologies, Inc., a publicly-traded business application, technology, and consulting company. He serves as the chairman of SilverSun’s compensation committee and as a member of its audit committee and its nominating and corporate governance committee. He received his M.B.A. in Finance from New York University and his B.S. degree in Industrial Engineering and Economics from Northwestern University.

Manish Parmar, Executive Vice President and Chief Credit Risk Officer

Mr. Parmar has served as Executive Vice President and Chief Credit Risk Officer of Regional since January 2020. Mr. Parmar has nearly 20 years of credit and financial experience across a broad range of functions, including credit risk, analytics, financial partnerships, database marketing, and modeling. Prior to joining Regional, Mr. Parmar was Chief Credit and Analytics Officer at Conn’s, Inc. Prior to his tenure at Conn’s, Mr. Parmar held several senior management roles at Discover Financial Services, ultimately becoming its Head of Consumer Credit Risk Management. Mr. Parmar received a Bachelor of Chemical Engineering from the University of Mumbai in India, and his M.B.A. from Bauer College of Business at the University of Houston.

Brian J. Fisher, Executive Vice President and Chief Strategy and Development Officer

Mr. Fisher has served as Executive Vice President and Chief Strategy and Development Officer since September 2020. Between January 2013 and September 2020, Mr. Fisher served as General Counsel and Secretary of Regional. Prior to joining Regional, Mr. Fisher was an attorney in the Corporate and Securities practice group of Womble Carlyle Sandridge and Rice, LLP (now known as Womble Bond Dickinson (US) LLP) from 2009 to 2013. Mr. Fisher holds a B.A. degree in Economics from Furman University and a J.D. degree from the University of South Carolina School of Law.

Catherine Atwood, Senior Vice President, General Counsel, and Secretary

Ms. Atwood has served as Senior Vice President, General Counsel, and Secretary of Regional since September 2020. Prior to September 2020, Ms. Atwood served as VP, Deputy General Counsel, and Chief Compliance Officer since May 2017. From August 2014 (when she joined Regional) until May 2017, she served as Deputy General Counsel. Prior to joining Regional, Ms. Atwood was an attorney in the Business Litigation practice group of Womble Carlyle Sandridge & Rice, LLP (now known as Womble Bond Dickinson (US) LLP) from 2008 to 2014. Ms. Atwood holds a B.A. degree in Political Science from Clemson University and a J.D. degree from the University of Georgia School of Law.

Executive Management