RM - Regional Management expands to Illinois increasing warehouse capacity by $75M

Regional Management (RM) expands its operations to Illinois, its 12th U.S. state, with the opening of its first branch in Maryville. The new facilities expand total warehouse capacity by $75M to $200M, extend the average revolving period to approximately 24 months, and fund additional forms of collateral, including small loans, large loans, convenience checks, and digitally originated loans.Robert W. Beck, President and CEO comments, “We expect to open additional branches in Illinois throughout 2021. We also remain on track to enter another four to six new states over the next 18 months, including expansion to up to two additional states later this year. Our geographic expansion, combined with our latest digital origination and servicing initiatives, continue to enable us to reach new customers and to empower our existing customers to transact with us at their convenience.”

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Regional Management expands to Illinois increasing warehouse capacity by $75M