Regional Management Corp. Appoints Maria Contreras-Sweet and Jonathan D. Brown to Board of Directors
January 29, 2018 at 04:15 pm EST
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Regional Management Corp. announced the appointments of Maria Contreras-Sweet and Jonathan D. Brown to its Board of Directors, effective immediately. Ms. Contreras-Sweet was formerly the Administrator of the U.S. Small Business Administration (SBA) from April 2014 until January 2017. Mr. Brown is a senior analyst with Basswood Capital Management, LLC. Ms. Contreras-Sweet’s and Mr. Brown’s appointments expand the size of Regional Management’s Board of Directors from six directors to eight directors. Ms. Contreras-Sweet brings to the Board extensive experience in finance, entrepreneurship, and innovation in both the public and private sectors and, equally important, a genuine passion for the market that Regional Management serves. Mr. Brown brings to the Board significant insight and expertise related to the financial services sector.
Regional Management Corp. is a diversified consumer finance company. The Company provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Its products include small and large installment loans. It provides its customers optional payment and collateral protection insurance. It offers small installment loans with cash proceeds to customers ranging from $500 to $2,500, with terms of up to 48 months. It offers large installment loans with cash proceeds to customers ranging from $2,501 to $25,000, with terms between 18 and 60 months. It offers its customers optional payment and collateral protection insurance relating to its loan products, including credit life insurance, accident and health insurance, involuntary unemployment insurance, and personal property insurance. The Company also offers indirect retail installment loans of up to $7,500. It operates under the name Regional Finance.
REGIONAL MANAGEMENT CORP. 
