Regional Management Closes Offering of 4.002M Shares at $27.50/Share

Regional Management Corp.

, a diversified specialty consumer finance company, announced today the closing of a secondary offering of its common stock, at a price of $27.50 per share, by Palladium Equity Partners III, L.P. and Parallel 2005 Equity Fund, LP, both existing stockholders of the Company and affiliates of Palladium Equity Partners and Parallel Investment Partners. The total number of shares of common stock sold was 4,002,000, which includes 522,000 shares of common stock sold pursuant to the exercise of the underwriters' over-allotment option. Regional Management did not receive any proceeds from the offering, and the total number of shares of its outstanding common stock did not change as a result of the offering.