Regional Management Corp. Names Lakhbir Lamba as President, Chief Executive Officer, and Director

Core Points - Regional Management Corp. announced the retirement of its President, CEO, and Director, Robert W. Beck, effective June 30, 2026, with Lakhbir Lamba appointed as his successor starting November 10, 2025 [1][3] - Lamba brings nearly 30 years of experience in consumer lending and financial services, having previously served as Executive Vice President at PNC Financial Services Group, managing a $32 billion portfolio [2][3] - The transition aims to ensure continuity in leadership and maintain the company's growth strategy, with Lamba expressing commitment to expanding the geographic footprint and leveraging technology for profitability [3] Company Overview - Regional Management Corp. is a diversified consumer finance company providing installment loan products primarily to customers with limited access to traditional credit [5] - The company operates under the name "Regional Finance" in 19 states across the U.S., offering secured loan products structured on a fixed-rate, fixed-term basis [5]