Regional Management Corp. and Column N.A. Announce New Lending Partnership to Support Growth and Returns

Key Terms

secured and unsecured installment lending products financial

Installment lending products are loans repaid in regular payments over a set period; secured versions are backed by collateral (an asset a lender can take if the borrower defaults) while unsecured ones rely on the borrower’s credit and promise to pay. Investors care because secured loans are generally safer and carry lower interest, while unsecured loans offer higher yields but greater default risk—think borrowing with a safety net (collateral) versus borrowing on trust.

nationally chartered bank regulatory

A nationally chartered bank is a bank licensed and overseen by the federal government rather than by a state, meaning it follows nationwide rules and supervision and typically participates in the national deposit insurance and central bank systems. For investors, that federal oversight and uniform rule set can affect a bank’s stability, compliance costs and ability to operate across state lines—much like a business with a national license versus many local permits.

Federal Reserve System regulatory

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GREENVILLE, S.C.--(BUSINESS WIRE)-- Regional Management Corp. (NYSE: RM), a diversified consumer finance company operating under the name “Regional Finance” across 19 states, announced today a new lending partnership with Column N.A., a nationally chartered bank built to enable developers and builders to create financial products.

Column will serve as a bank partner for Regional’s secured and unsecured installment lending products in select states. The partnership launched this week and will support Regional’s continued growth, as well as enhance its ability to enter new markets and expand its product offerings over time.

“As we continue to grow our business and serve our customers’ varied financial needs, we are excited to enter into this strategic partnership with Column,” said Lakhbir S. Lamba, President and Chief Executive Officer at Regional. “Column’s modern banking infrastructure and commitment to innovation will provide meaningful strategic benefits, including faster entry into new markets, the ability to broaden our product set, greater product and operational uniformity across states, and the opportunity to expand our customer reach. We view this partnership as a wonderful opportunity to support our long-term growth and profitability.”

Column offers purpose-built banking infrastructure and a strong balance sheet to skillfully meet the needs of today's leading fintech and consumer finance innovators. As a nationally chartered bank and direct participant in the Federal Reserve System, Column enables efficient, scalable solutions across lending, payments, and deposit operations.

“Regional has a long track record of providing its customers with valuable financial products and a best-in-class experience,” said Brian Fishbein, Chief Investment Officer at Column. “Regional’s disciplined underwriting, well-established and growing market presence, and strategic approach to building this relationship make it an ideal partner for Column’s scalable banking infrastructure.”

The partnership with Column marks a significant milestone in Regional’s strategic evolution and commitment to expanding accessible financial solutions for its customers nationwide.

About Regional Management Corp.

Regional Management Corp. (NYSE: RM) is a diversified consumer finance company that provides attractive, easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Regional Management operates under the name “Regional Finance” online and in branch locations in 19 states across the United States. Most of its loan products are secured, and each is structured on a fixed-rate, fixed-term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Regional Management sources loans through its multiple channel platform, which includes branches, centrally managed direct mail campaigns, digital partners, and its consumer website. For more information, please visit www.RegionalManagement.com.

About Column

Column N.A., Member FDIC, is a nationally chartered bank that provides regulated financial infrastructure for companies innovating in financial services. Founded in 2019 by Plaid co-founder William Hockey, Column serves as the banking backbone for modern financial products and powers the world's most sophisticated fintechs, including Brex, Bilt, Wise, Mercury, and more. With a custom-built banking core, ledger, data model, and a direct connection to the Federal Reserve, Column eliminates the inefficiencies of legacy banks and middleware — creating a faster and more reliable banking platform. Beyond payments and accounts, Column enables national lending and credit products: powering API-based loan-origination partnerships and deploying its balance sheet to fund lenders through debt financing and loan purchases.

Learn more at column.com.

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 instead represent Regional Management Corp.’s expectations or beliefs concerning future events. Forward-looking statements include, without limitation, statements concerning financial outlooks or future plans, objectives, goals, projections, strategies, events, or performance, and underlying assumptions and other statements related thereto. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook,” and similar expressions may be used to identify these forward-looking statements. Such forward-looking statements speak only as of the date on which they were made and are about matters that are inherently subject to risks and uncertainties, many of which are outside of the control of Regional Management. As a result, 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 the expectations expressed or implied in forward-looking statements include, but are not limited to, the following: managing growth effectively, implementing Regional Management’s growth strategy, and opening new branches as planned; Regional Management’s convenience check strategy; Regional Management’s policies and procedures for underwriting, processing, and servicing loans; Regional Management’s ability to collect on its loan portfolio; Regional Management’s insurance operations; exposure to credit risk and repayment risk, which risks may increase in light of adverse or recessionary economic conditions; the implementation of evolving underwriting models and processes, including as to the effectiveness of Regional Management's custom scorecards; changes in the competitive environment in which Regional Management operates or a decrease in the demand for its products; the geographic concentration of Regional Management’s loan portfolio; the failure of third-party service providers, including those providing information technology products; changes in economic conditions in the markets Regional Management serves, including levels of unemployment and bankruptcies; impacts of a prolonged U.S. federal government shutdown; the ability to achieve successful acquisitions and strategic alliances; the ability to realize the anticipated benefits from our lending partnership with Column N.A.; the ability to make technological improvements as quickly as competitors; security breaches, cyber-attacks, failures in information systems, or fraudulent activity; the ability to originate loans; reliance on information technology resources and providers, including the risk of prolonged system outages; changes in current revenue and expense trends, including trends affecting delinquencies and credit losses; any future public health crises, including the impact of such crisis on our operations and financial condition; changes 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 necessary information technology systems, infrastructure, processes, and controls to support Regional Management’s operations and initiatives; changes in interest rates; existing sources of liquidity may become insufficient or access to these sources may become unexpectedly restricted; exposure to financial risk due to asset-backed securitization transactions; risks related to regulation and legal proceedings, including changes in laws or regulations or in the interpretation or enforcement of laws or regulations; changes in accounting standards, rules, and interpretations and the failure of related assumptions and estimates; the impact of changes in tax laws and guidance, including the timing and amount of revenues that may be recognized; risks related to the ownership of Regional Management’s common stock, including volatility in the market price of shares of Regional Management’s common stock; the timing and amount of future cash dividend payments; and anti-takeover provisions in Regional Management’s charter documents and applicable state law.

The foregoing factors and others are discussed in greater detail in Regional Management’s filings 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 unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments, or otherwise, except as required by law. Regional Management is not responsible for changes made to this document by wire services or Internet services.

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Investor Relations

Garrett Edson, (203) 682-8331

investor.relations@regionalmanagement.com

Source: Regional Management Corp.