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REGIONAL ACCEPTANCE CORPORATION ANNOUNCES NEW OFFICE LOCATIONS

    GREENVILLE, N.C., Oct. 27 /PRNewswire/ -- Regional Acceptance Corporation (NASDAQ-NMS: REGA) announces the opening of new branch locations in Greensboro and High Point, N.C.  The Greensboro office will open on Nov. 1 and the High Point office by Nov. 15.
    President Bill Stallings said Regional originally planned to open one additional office in 1993; however, the company was able to hire two outstanding managers and decided to open two offices.  Both managers worked for many years in the installment loan departments of major regional banks and have extensive experience in automobile lending. Stallings commented that the success of the Raleigh branch and discussions with automobile dealers in the new markets confirmed the company's belief that the branches will be profitable new locations.
    Regional Acceptance Corporation finances consumer purchases of late model used automobiles and also makes direct consumer loans.  The company currently operates 13 branch offices from Raleigh to the coast of North Carolina.
    -0-             10/27/93
    CONTACT:  Robert D. Barry, chief financial officer, of Regional Acceptance, 919-756-2148
    (REGA) CO:  REGIONAL ACCEPTANCE CORPORATION IN:  FIN AUT ST:  NC


-- CH002 -- X396 10/27/93
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Publication:PR Newswire
Date:Oct 27, 1993
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