Regional Management Corp. Announces Appointment of Chris Peterson as New Director of Data and Analytics



GREENVILLE, South Carolina – (COMMERCIAL THREAD) – Regional Management Corp. (NYSE: RM), a diversified consumer credit company, today announced the appointment of Chris Peterson to the newly created role of Chief Data and Analytics Officer, effective immediately.

“Chris’s distinguished career and his broad expertise in data science make him the perfect fit to lead our data and analytics team in support of our growth strategies, including our digital initiatives,” said Rob Beck, President and CEO of Regional Management Corp. “We generated significant growth in 2021 in digital edits, and with the addition of Chris, we are further strengthening our investment in our omnichannel model. Chris will also be a driving force in optimizing our underwriting and risk management capabilities, including through the introduction of alternative data sources, which will help ensure that we continue to generate sustainable growth and value at long term for our shareholders. ”

Mr. Peterson has over 20 years of digital data and analytics experience, with extensive expertise in technology, analytics, data systems and risk management. Mr. Peterson has spent the past 15 years at Capital One, where he was most recently responsible for data science and data strategy for Capital One’s Cards business, leading the modeling teams that developed the core models. underwriting, marketing, evaluation and fraud using the power of machine learning, large-scale data processing and cloud architecture. In addition, it implemented many new alternative data sources and improved the architecture and usability of existing data sources to significantly increase the quality of information used in underwriting. He has also held various management positions within Capital One’s Model Risk Office, including that of Assistant Chief Model Risk Officer. Mr. Peterson holds a BA and MA in Statistics from Brigham Young University.

“I am delighted to join Regional and to work with such a talented and collaborative team,” said Mr. Peterson. “Regional has made significant progress with its digital initiatives, and as we evolve our omnichannel strategy, I believe there are a multitude of opportunities to optimize our data and analytics capabilities, allowing us to capture additional market share and develop our top and bottom line.

About Regional Management Corp.

Regional Management Corp. (NYSE: RM) is a diversified consumer credit company that provides attractive and easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, savings banks, credit unions, credit card companies and other lenders. Regional Management operates under the name “Regional Finance” in 368 branches in 12 states in the Southeast, Southwest, Central Atlantic and Midwestern United States, as of June 30, 2021. Most of its loan products are guaranteed, and each is structured on a fixed rate basis, fixed term with full amortization of equal monthly payments, repayable at any time without penalty. The regional branch obtains loans through its multi-channel platform, which includes branches, centrally managed direct mail campaigns, digital partners, retailers and its mainstream website. For more information, please visit

Forward-looking statements

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but rather represent the expectations or beliefs of Regional Management Corp. regarding future events. . Forward-looking statements include, without limitation, statements regarding the financial outlook or future plans, objectives, goals, projections, strategies, events or performance, and the underlying assumptions and other statements relating thereto. Words such as “may”, “will”, “should”, “probably”, “anticipate”, “expect”, “intend”, “plan”, “projects”, “believe” , “Estimates,” “outlook,” and similar expressions may be used to identify these forward-looking statements. These forward-looking statements are only valid on the date on which they were made and concern matters which are inherently subject to risks and uncertainties, many of which are beyond the control of regional management. Therefore, actual performance and results may differ materially from those contemplated by these forward-looking statements. Therefore, investors should not place undue reliance on forward-looking statements.

Factors that could cause actual results or performance to differ from expectations expressed or implied in the forward-looking statements include, without limitation, the following: risks relating to the activities of regional management, including the pandemic of COVID-19 and its impact on management’s operations and financial condition; manage growth effectively, implement the growth strategy of the regional management and open new branches as planned; the regional management’s convenience control strategy; regional office policies and procedures for underwriting, processing and servicing loans; the capacity of the Regional Directorate to recover its loan portfolio; the insurance operations of the Regional Directorate; exposure to credit risk and repayment risk, which risks may increase in the light of adverse economic conditions or recession; the implementation of new underwriting models and processes, including the effectiveness of new personalized scorecards; changes in the competitive environment in which Regional Management operates or a drop in demand for its products; the geographic concentration of the Regional Department’s loan portfolio; the failure of third party service providers, including those who provide IT products; changes in economic conditions in the markets served by the regional management, including levels of unemployment and bankruptcies; the ability to make successful acquisitions and strategic alliances; the ability to make technological improvements as quickly as competitors; security breaches, cyber attacks, information system failures or fraudulent activity; the ability to make loans; dependence on information technology resources and providers, including the risk of prolonged system failures; changes in current income and expenditure trends, including trends affecting delinquencies and credit losses; variations in operating and administrative expenses; the departure, transition or replacement of key personnel; the ability to timely and effectively implement, transition to and maintain the information technology systems, infrastructure, processes and controls necessary to support regional management operations and initiatives ; changes in interest rates; existing sources of liquidity may become insufficient or access to such sources may be unexpectedly restricted; exposure to financial risk due to asset-backed securitization transactions; risks relating to regulations and legal proceedings, including changes in laws or regulations or in the interpretation or application of laws or regulations; changes in accounting standards, rules and interpretations and the failure of associated assumptions and estimates, including those associated with the implementation of CECL accounting; the impact of changes in tax laws, guidelines and interpretations, including the timing and amount of revenue that may be recognized; risks associated with the ownership of regional management common shares, including the volatility of the market price of regional management common shares; the timing and amount of future cash dividend payments; and anti-takeover provisions in regional management charter documents and applicable state law. The COVID-19 pandemic can also amplify many of these risks and uncertainties.

The above and other factors are discussed in more detail in documents filed by regional management with the Securities and Exchange Commission. Regional management will not update or revise forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unforeseen events or the non-occurrence of anticipated events, whether either because of new information, future developments, or otherwise, except as required by law. The regional management is not responsible for changes made to this document by communication services or Internet services.



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