Regional Management Corp. announced the appointment of Philip Bancroft to its Board of Directors, effective immediately. Mr. Bancroft is the former Chief Financial Officer and current Executive Vice President of Chubb.

Mr. Bancroft's appointment increases the size of Regional Management's Board of Directors from eight directors to nine directors. Mr. Bancroft brings to the Board unparalleled financial, risk, and executive management expertise. He was the CFO of ACE Limited from 2001 prior to ACE's acquisition of Chubb in 2016, at which time he became the CFO of Chubb.

Prior to ACE, Mr. Bancroft served as Partner-in-Charge for the New York Regional Insurance Group of PricewaterhouseCoopers (PWC) from 1996 to 2001, and spent nearly 20 years at PWC, ten years as a partner. He has served on the boards of various organizations, currently serving on Saint Joseph's University Haub School of Business/Advisory Board for Insurance Risk Management. He was certified as a public accountant and earned his Bachelor of Business Administration in Accounting from Temple University.