CLEARWATER, Fla., June 12, 2017 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced the retirement of Ralph T. Finkenbrink as its President and Chief Executive Officer for personal reasons effective as of September 30, 2017. Mr. Finkenbrink will resign as a director and Chairman of the Board, effective as of the date of the Company’s 2017 Annual General Meeting of Shareholders, which is expected to be held prior to the end of September.

The Board of Directors expects to initiate shortly a search for a new President and Chief Executive Officer.

“The Board of Directors of Nicholas Financial expresses its gratitude to Ralph for 29 years of service to the Company, 25 of which have been in senior executive positions,” said Kevin D. Bates, Senior Vice President of Branch Operations and a member of the Board of Directors.

About Nicholas Financial

Nicholas Financial, Inc. is one of the largest publicly-traded specialty consumer finance companies in North America. The Company operates branch locations in both Southeastern and Midwestern U.S. states. For an index of Nicholas Financial, Inc.’s news releases or to obtain a specific release, visit our web site at www.nicholasfinancial.com.