Benzinga | Sep 29, 2021 04:16PM EDT

Regional Management Corp. Expands Operations To Utah

Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has expanded its operations to Utah, its 13th U.S. state, with the opening of its first branch in Provo. The opening expands Regional Management's de novo footprint to the Western U.S.

"We are excited to bring our set of affordable financial solutions and world-class service to Provo, and we look forward to opening an additional branch in Salt Lake City later this year," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "With the support of our omni-channel operating model, consumers across Utah are able to access our suite of lending products at their convenience. Our plan remains to enter an additional five to seven new states before the end of 2022. As we continue to expand geographically, invest in our new digital origination and servicing capabilities, and introduce new products and channels, we remain well-positioned to gain market share and deliver compelling returns to our shareholders."