Position: Senior Vice President and Chief Risk Officer of Regional Management Corp. (“RM”), reporting to Mike Dunn, RM’s Chief Executive Officer. This position will be based in Dallas, TX. However, regularly scheduled weeks in Greenville will be required. You will use an RM corporate credit card to pay for travel and related expenses.

Salary: Annual base salary of $300,000, paid bi-weekly, less FICA, state, and federal income tax withholding, and any other deductions required for elective benefits of your choosing. RM’s official payday is every other Friday, with funds distributed to the bank of your choice via direct deposit. Your position is considered exempt for purposes of federal wage and hour law, which means that you will not be eligible for overtime pay.

Short-Term Incentive Plan: You will be eligible to earn an annual cash incentive award with a target opportunity equal to $300,000 or 100% of your base salary (pro-rated for any partial year) and otherwise in accordance with the terms of RM’s short-term incentive program, as approved from time to time by the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”), which award, if any, shall be payable under the Regional Management Corp. Annual Incentive Plan or successor incentive plan. The short-term incentive program typically is based on performance targets derived from RM’s annual budget.

Long-Term Incentive Plan: On account of service to RM in 2015, RM will provide a long-term incentive award valued at $300,000 (100% of base salary). This long-term incentive award will be

subject to the RM 2011 Stock Incentive Plan or successor stock plan (the “Stock Plan”) and any applicable award agreements and will be spread generally equally across three long-term incentive vehicles as follows:

Performance and Salary Review: The Committee (or its designees) will review your performance in your role during the first quarter of 2016 and each succeeding year. Pending a satisfactory review, your compensation may be increased accordingly.

Insurance and Benefits: You will be eligible to participate in RM’s health insurance plan. Coverage begins on the first of the month following 60 days of employment. Optional family, dental, and vision insurance coverage is available as an employee-paid option. You will also be eligible for Regional’s short- and long-term disability programs as a company paid benefit.

COBRA: RM will reimburse you for two months of your current COBRA coverage to bridge the 60-day waiting period until our insurance coverage begins.

Life Insurance: RM will provide you with a $50,000 life insurance policy. You have the option of purchasing an additional amount of life insurance at your cost up to a maximum of $250,000.

Retirement Plan: You are eligible to participate in the RM 401(k) plan after one year of service. Our current plan matches 100% of the first 3% of your compensation that you choose to contribute, and 50% of the next 2% you choose to contribute.

Vacation & Personal Days: Eligibility for PTO begins after one year of employment. However, in consideration of your joining RM, we will waive the one-year requirement for you. You will have 20 days of PTO to use each year.

Cell Phone: RM will provide you with a cell phone allowance of $75 per month.

Ongoing Training, Development, and Licensing: RM will reimburse you for reasonable and customary job-related training, development, and professional licensing.

Signature: /s/ Daniel J. Taggart