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13G Filing: Basswood Capital and Regional Management Corp. (RM)

Published on July 21, 2017 at 1:01 pm by Insider Monkey Staff in Hedge Funds

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Basswood Capital Management 0 1,333,384 0 1,333,384 1,333,384 11.47%
Matthew Lindenbaum 0 1,333,384 0 1,333,384 1,333,384 11.47%
Bennett Lindenbaum 0 1,333,384 0 1,333,384 1,333,384 11.47%
Basswood Enhanced Long Short Fund 0 589,564 0 589,564 589,564 5.07%
Basswood Enhanced Long Short GP 0 589,564 0 589,564 589,564 5.07%

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Page 1 of 9 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Regional Management Corp.
(Name of Issuer)
Common Stock, $0.10 par value
(Title of Class of Securities)
75902K106
 (CUSIP Number)
July 12, 2017
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒     Rule 13d-1(b)
☐     Rule 13d-1(c)
☐     Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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Page 2 of 9 – SEC Filing

CUSIP No. 75902K106
13G
Page 2 of 9 Pages
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Basswood Capital Management, L.L.C.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ☐
(b) ☒
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
 OWNED
BY
EACH
REPORTING
 PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
 1,333,384
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
1,333,384
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  1,333,384
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                    ☐
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.47%
12
TYPE OF REPORTING PERSON*
IA

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Page 3 of 9 – SEC Filing

CUSIP No. 75902K106
13G
Page 3 of 9 Pages
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Matthew Lindenbaum
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ☐
(b) ☒
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
 OWNED
BY
EACH
REPORTING
 PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
1,333,384
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
1,333,384
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,333,384
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                    ☐
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.47%
12
TYPE OF REPORTING PERSON*
IN/HC

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Page 4 of 9 – SEC Filing

CUSIP No. 75902K106
13G
Page 4 of 9 Pages
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bennett Lindenbaum
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ☐
(b) ☒
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
 OWNED
BY
EACH
REPORTING
 PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
 1,333,384
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
1,333,384
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,333,384
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                    ☐
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11.47%
12
TYPE OF REPORTING PERSON*
IN/HC

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Page 5 of 9 – SEC Filing

CUSIP No. 75902K106
13G
Page 5 of 9 Pages
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Basswood Enhanced Long Short Fund, LP
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ☐
(b) ☒
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
 OWNED
BY
EACH
REPORTING
 PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
 589,564
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
589,564
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
589,564
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                    ☐
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.07%
12
TYPE OF REPORTING PERSON*
PN

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Page 6 of 9 – SEC Filing

CUSIP No. 75902K106
13G
Page 6 of 9 Pages
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Basswood Enhanced Long Short GP, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) ☐
(b) ☒
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
 OWNED
BY
EACH
REPORTING
 PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
589,564
7
SOLE DISPOSITIVE POWER
0
8
SHARED DISPOSITIVE POWER
 589,564
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
589,564
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES                    ☐
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.07%
12
TYPE OF REPORTING PERSON*
OO

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Page 7 of 9 – SEC Filing

Item 1(a)
Name of Issuer:
Regional Management Corp.
Item 1(b)
Address of Issuer’s Principal Executive Offices:
979 Batesville Road, Suite B
Greer, S.C. 29651
Item 2(a)
Name of Person Filing:
The information required by Item 2(a) is set forth in Row 1 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
Item 2(b)
Address or Principal Business Office:
c/o Basswood Capital Management, L.L.C.
645 Madison Avenue, 10th Floor
New York, NY 10022
Item 2(c)
Citizenship:
The information required by Item 2(c) is set forth in Row 4 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
Item 2(d)
Title of Class of Securities:
Common Stock, $0.10 par value
Item 2(e)
CUSIP Number:
75902K106
Item 3
Statement filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c):
The information required by Item 3 is set forth in Row 12 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.
Item 4
Ownership:
The information required by Items 4(a)-(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

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Page 8 of 9 – SEC Filing

Item 5
Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6
Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:
Not Applicable
Item 8
Identification and Classification of Members of the Group:
Not Applicable
Item 9
Notice of Dissolution of Group:
Not Applicable
Item 10
Certification:
By signing below the signatory certifies that, to the best of his knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
[Remainder of page intentionally left blank]

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Page 9 of 9 – SEC Filing

SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated:  July 21, 2017
BASSWOOD CAPITAL MANAGEMENT, L.L.C.
By:
/s/ Matthew Lindenbaum                
Name:
Matthew Lindenbaum
Title:
Managing Member
BASSWOOD ENHANCED LONG SHORT FUND, LP
By: Basswood Enhanced Long Short GP, LLC
By:
/s/ Matthew Lindenbaum                 
Name:
Matthew Lindenbaum
Title:
Managing Member
BASSWOOD ENHANCED LONG SHORT GP, LLC
By:
/s/ Matthew Lindenbaum                 
Name:
Matthew Lindenbaum
Title:
Managing Member
/s/ Matthew Lindenbaum                           
Matthew Lindenbaum, an individual
/s/ Bennett Lindenbaum                             
Bennett Lindenbaum, an individual
-9-

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