Exhibit 99.3
![LOGO](https://capedge.com/proxy/8-K/0001193125-19-036015/g703639g67x83.jpg)
Regional Management Corp. Announces the Retirement
of Chief Financial Officer Don Thomas
- Remaining in CFO role until a successor is chosen -
- Will support new CFO to ensure a smooth and orderly transition -
Greenville, South Carolina – February 12, 2019–Regional Management Corp. (NYSE: RM), a diversified consumer finance company, today announced that Executive Vice President and Chief Financial Officer Donald E. Thomas is retiring from Regional, pending the appointment of a new CFO. Mr. Thomas will remain in his role until a successor is chosen and will stay on to ensure a smooth and orderly transition. Regional has engaged an executive search firm to conduct a search for its new CFO.
“On behalf of the Board of Directors and the entire Regional Management team, I want to express my deepest gratitude to Don for his significant contributions to Regional over the past six years and congratulate him on a well-deserved retirement,” said Peter R. Knitzer, President and Chief Executive Officer of Regional Management. “Under Don’s leadership, and with the support of our bank group, Regional doubled the size of its senior revolving credit facility and added new banks. In addition, Don orchestrated Regional’s diversification of its funding sources, including through Regional’s first asset-backed securitization transactions. Regional is strongly positioned for sustained growth and profitability. On a personal note, Don has been a terrific partner and a valuable member of Regional’s management team. We appreciate that Don has agreed to remain onboard throughout the search and transition process, and we wish Don only the best as he moves into the next chapter of his life.”
“It has been an honor and pleasure to work beside such a strong, disciplined, and talented team during my time at Regional,” said Mr. Thomas. “I am confident that the leadership team at Regional will continue to drive the company to new heights and create significant value for shareholders.”
Forward-Looking Statements
This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Regional Management Corp.’s expectations or beliefs concerning future events. 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 are about matters that are inherently subject to risks and uncertainties, many of which are outside of the control of Regional Management. Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, the following: changes in general economic conditions,