Regional Management (NYSE: RM) signs long-term Column bank-partner installment lending deal

Rhea-AI Filing Summary

Regional Management Corp. entered into a long-term Program Management Agreement with Column National Association on March 2, 2026 to launch a new installment lending program in select states. Column will be the lender for secured and unsecured installment loans offered through Regional Management’s platform and other approved channels.

Regional Management will act as service provider and program manager, handling marketing, processing, and loan servicing. Column will pay related fees to the company, while Regional Management will pay Column monthly platform and usage fees. Column keeps full control over credit terms, underwriting, and program oversight, and requires Regional Management to maintain a risk and compliance management program.

Column will initially hold each loan for a defined hold period while Regional Management services it. After that, Column may offer loans for sale to Regional Management, which must purchase them except in limited cases. Loans retained by Column will continue to be serviced by the company for servicing fees. The agreement includes monthly liquidity and net worth covenants, runs through March 31, 2031, and then automatically renews for successive two‑year terms unless terminated with 365 days’ written notice.

Insights

Consumer finance and partnership structures analyst

Regional Management adds a bank-partner lending program with long-term, fee-based servicing and purchase commitments.

The agreement with Column National Association creates a bank-originated installment loan program where Column is the lender and Regional Management is the service provider and program manager. Revenue for Regional Management will include marketing, processing, platform, and servicing fees tied to program activity.

Column retains control over underwriting, credit risk, and loan terms while requiring Regional Management to maintain a risk and compliance management program. This structure centralizes regulatory oversight with Column but places operational and compliance execution on Regional Management, including adherence to monthly liquidity and total net worth covenants.

Operationally, loans are held by Column for a hold period, then may be offered for sale to Regional Management, which is obligated to purchase except in limited circumstances, while continuing to service loans that Column retains. The initial term runs through March 31, 2031 with automatic two‑year renewals unless either party gives 365 days’ prior written notice, so future filings may clarify program scale and financial contribution.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 02, 2026

Regional Management Corp.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-35477	57-0847115
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
979 Batesville Road, Suite B
Greer, South Carolina				29651
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (864) 448-7000

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.10 par value		RM		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On March 2, 2026, Regional Management Corp. (the “Company”) and Column National Association, a national banking association (“Column”), entered into a Program Management Agreement (the “PMA”) to create a new lending program under which Column will serve as the lender of secured and unsecured installment lending products in select states. Under the PMA and ancillary agreements, the parties have agreed to establish and offer the installment lending program to consumers, through the Company’s platform and other approved channels, under which Column will make loans to consumers and the Company will act as Column’s service provider and program manager. In such role, the Company will perform various services to help Column with day-to-day operations of the program, including, but not limited to, marketing and loan servicing. Column will pay the Company certain marketing, processing, and servicing fees for its services, and the Company will pay Column monthly fees, including a platform fee and usage fee. Column will retain the ultimate control and continued oversight over the program, including the right to monitor the Company’s activities, require modifications to the program, and determine the terms, conditions, and requirements of any loans, credit risk, underwriting, and product documents. The PMA also requires the Company to establish and maintain a risk management program, including a compliance management system, designed to ensure compliance with applicable law and other Column requirements.

Column will hold each originated loan for a hold period during which time the loan will be serviced by the Company under the terms of a servicing agreement. At the conclusion of the hold period, Column may offer to sell the loan to the Company and the Company will purchase any such loan offered by Column except in limited circumstances. If Column chooses to retain any loan beyond the hold period, that loan will continue to be serviced by the Company. Column will pay servicing fees to the Company during the hold period and for all loans retained by Column beyond the hold period.

The PMA includes monthly financial covenants based on the Company’s liquidity and total net worth. The initial term of the PMA will end on March 31, 2031 but it will renew automatically for successive two-year terms, unless it is terminated by either party by three hundred sixty-five (365) days prior written notice prior to the expiration of the initial term or then current renewal term.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Regional Management Corp.
Date:	March 5, 2026	By:	/s/ Harpreet Rana
			Harpreet Rana Executive Vice President and Chief Financial and Administrative Officer

FAQ

What new agreement did Regional Management Corp. (RM) enter into with Column National Association?

Regional Management Corp. entered into a Program Management Agreement with Column National Association to create a new secured and unsecured installment lending program. Column will be the lender, while Regional Management acts as service provider and program manager for marketing, processing, and loan servicing.

How will Regional Management Corp. earn revenue under the new Column lending program?

Regional Management will earn revenue through marketing, processing, platform, and servicing fees paid by Column for operating the installment lending program. It will also service loans after origination and, in many cases, purchase loans from Column after a specified hold period, subject to limited exceptions.

Who controls underwriting and credit risk in Regional Management’s new program with Column?

Column National Association retains ultimate control and oversight of the lending program. Column determines loan terms, conditions, underwriting standards, credit risk, and product documents, while Regional Management provides day-to-day operational support, marketing, processing, and servicing under Column’s requirements and oversight framework.

What are Regional Management Corp.’s obligations to buy loans from Column under this agreement?

After a hold period during which Column owns the loans, Column may offer loans for sale to Regional Management. Regional Management must purchase any such offered loans except in limited circumstances, while continuing to service loans that Column chooses to retain beyond the hold period for agreed servicing fees.

How long does the Program Management Agreement between RM and Column last?

The initial term of the Program Management Agreement runs through March 31, 2031. After that, it automatically renews for successive two-year periods unless either party terminates it by giving 365 days’ prior written notice before the end of the initial or then-current renewal term.

What risk and financial covenants apply to Regional Management in its agreement with Column?

Regional Management must maintain a risk management program and compliance management system designed to meet applicable law and Column’s requirements. The agreement also includes monthly financial covenants based on the company’s liquidity and total net worth, providing ongoing financial-condition tests for the partnership.

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