(123rf.com Image) Regional Management Corp. (NYSE: RM), a Greer, South Carolina-based diversified consumer finance company, announced Nov 5, 2025. the retirement of its President, Chief Executive Officer, and Director, Robert W. Beck. The Board of Directors has appointed Lakhbir Lamba as Regional’s new president, chief executive officer, and director effective Nov. 10, 2025. Officials said Beck will assist with an orderly transition in an advisory role before officially retiring from the company on June 30, 2026. Lamba brings to Regional nearly 30 years of leadership experience in consumer lending and financial services, with extensive expertise in consumer credit, digital and technology platform development, branch sales and service, analytics, and product management. Most recently, he was executive vice president, head of Consumer Lending & Analytics at PNC Financial Services Group, Inc., where he oversaw a team of 2,000 employees and managed the division’s portfolio of $32 billion in total assets. Lamba spent more than 15 years with PNC, including as its EVP of Retail Lending and EVP of Analytics and Portfolio Management. He received his bachelor’s degree in mechanical engineering from the Indian Institute of Technology in New Delhi and his MBA in finance and strategy from Purdue University’s Krannert Graduate School of Management. Said Carlos Palomares, chair of the Board of Regional Management: “We believe Lakhbir’s consistent success at PNC, his focus on innovation, and his impressive skillset developed within the consumer financial services space make him the ideal fit to continue our current growth strategy and lead Regional moving forward.” Palomares added, “At the same time, we want to congratulate Rob on his well-deserved retirement and for all of his contributions in leading the Regional team through some of our toughest challenges. We appreciate that Rob will help effect a seamless transition to Lakhbir’s leadership and wish him only the best in his next chapter.” “It has been my distinct pleasure to lead such an outstanding team over the past five and a half years,” Beck said. "I am proud of what we have accomplished as we navigated through some of the most challenging environments we have experienced in decades, while nearly doubling our net finance receivables and expanding our footprint across the country to eight new states." Beck added, “Over the same time period, we invested heavily to transform our technology platforms and data and analytic capabilities, positioning the business for future growth. The company is now enjoying increased momentum and accelerated growth, and I am confident that Lakhbir will lead the team to even greater success. With Regional well-positioned for its next stage of expansion, I look forward to beginning my next chapter and spending time with my family.” Said Lamba: "I look forward to continuing our current growth strategy in the years ahead, as we expand our geographic footprint, responsibly grow our portfolio, and leverage the latest technological advancements to deliver sustainable and increasing profitability over the long term.” Regional Management operates under the name “Regional Finance” online and in branch locations in 19 states across the United States. Most of its loan products are secured, and each is structured on a fixed-rate, fixed-term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Regional Management sources loans through its multiple channel platform, which includes branches, centrally managed direct mail campaigns, digital partners, and its consumer website. | 
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