Over the course of nine decades, Regency Finance became a well-respected company in the consumer finance industry. Serving over 74,000 customers, Regency Finance was founded in 1927 in Youngstown, OH. The loyalty of Regency Finance customers is a testament to their hard-working and dedicated employees that have built lasting relationships in the communities that they serve.
Regency Finance was acquired by Mariner Finance in September of 2018 and rebranded in March of 2019. The addition of Regency complements Mariner Finance’s current branch operations in Kentucky, Ohio, Pennsylvania, and Tennessee and has brought an experienced and talented group of new employees to the company. Mariner Finance now operates a network of over 450 offices and over 2,000 team members across 22 states in the Northeast, Southeast, Southwest, and Midwest regions of the United States.
“We couldn’t be more excited about the addition of Regency Finance,” said President and CEO of Mariner Finance, Josh Johnson. “I am thrilled about our potential. We are positioned to take our place as a leader, not only in the markets we serve, but also in our industry. By continuing to leverage our combined team’s depth of consumer finance knowledge and experience, we will ensure that we remain the best in the business.”
Jeffrey Chepkevich, who had served as Director of Operations and President of Regency Finance, will continue with Mariner Finance as a Senior Vice President of Branch Operations. He believes the most unifying theme between the two companies is a focus on customer service. “A customer focused approach is certainly a trait that ties both cultures together,” stated Chepkevich. “This approach is further enhanced by the local branch presence that our offices have in the communities that they serve. The ability to provide customers with one-on-one consultation through face-to-face interaction allows for the best personalized service possible.”
The merger has provided enhanced resources, improved systems, and combined talented workforces to create better products and experiences for customers. “We’ve arrived at an exciting milestone in our company’s history,” says Josh Johnson. “Together, we are stronger and our future looks even brighter.
As a customer, you can expect little change. Our companies share a mission of customer-driven lending and will work each day to meet and exceed your existing expectations. We are not saying goodbye to Regency Finance; rather, we are building upon its successes and reputation. We thank all of our customers for their continued business and support. Without you, our company would not be predominant force in the financial services industry. We welcome you to Mariner Finance!
†We offer personal loans from $1,000 to $25,000, with loans terms from 12 to 60 months. Minimum and maximum amounts dependent on an applicant’s state of residence and the underwriting of the loan. Loans between $1,500 and $15,000 may be funded online. Loans greater than $15,000 or less than $1,500 are funded through our branch network. Specific interest rates and fees are determined as permitted under applicable state law and depend upon loan amount, term, and the applicant’s ability to meet our credit criteria, including, but not limited to, credit history, income, debt payment obligations, and other factors such as availability of collateral. Not all rates and loan amounts are available in all states. Additional fees may apply to some loan offers; some state required and/or permitted fees may be treated as prepaid finance charges. Any such charges shall be in addition to the loan amount requested and/or approved and shall be fully disclosed to the applicant on his/her loan agreement. Not all applicants will qualify for the lowest rates or larger loan amounts, which may require a first lien on a motor vehicle not more than ten years old titled in the applicant’s name with valid insurance. Our loan by phone and online closing process requires a compatible mobile or computer device on which you can access your email and electronic documents. Not all loan types are eligible for loan by phone or online loan closing.
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. As a result, under our customer identification program, we must ask for your name, street address, mailing address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
For any stated annual percentage rate (“APR”), the APR represents the cost of credit as a yearly rate and will be determined based upon an applicant’s credit at the time of application, subject to state law limits. A range of APR’s may be applicable, subject to state law limits and individual underwriting. Not all applicants will qualify for a lower rate. APR’s are generally higher on loans not secured by a vehicle, and the lowest rates typically apply to the most creditworthy borrowers. All terms and conditions of a loan offer, including the APR, will be disclosed during the application process. As an example, with an amount financed of $5,000.00 the borrower receives $5,000.00 at an APR of 29.99% and an interest rate of 28.77% which includes a finance charge of $3,640.96. Under these terms, the borrower would make 48 monthly payments of $180.02, for a total of payments of $8,640.96. The amount financed may not be the net proceeds paid if charges other than interest are included in the loan.
*The process uses a “soft” credit inquiry to determine whether a loan offer is available, which does not impact your credit score. If you continue with the application process online and accept a loan offer, or are referred to a branch and continue your application there, we will pull your credit report and credit score again using a “hard” credit inquiry. This “hard” credit inquiry may impact your credit score.