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Latest Press Releases

Medallion Financial Corp. Reports Revised 2019 Fourth Quarter and Full Year Results
- BusinessWire - Mon Mar 30, 3:05PM CDT
BusinessWire - CMTX
Mon Mar 30, 3:05PM CDT
Medallion Financial Corp. (Nasdaq:MFIN, Medallion or the Company), a finance company that originates and services loans in various consumer and commercial niche industries, initially reported results for the quarter and year ended December 31, 2019 on February 18, 2020. Just prior to the anticipated filing of the Company's 2019 audited financial statements, the Company reviewed three borrower relationships, representing 61 medallion loans with $27.5 million aggregate principal amount, including consideration of additional information identified since the Company initially reported results. These loans were categorized as performing loans at the time the Company initially reported results, and therefore had a general allowance for credit losses reserve allocation of $5.6 million, as of year-end. The Company's financial results as of, and for the periods ended, December 31, 2019 were reported on that basis at the time the Company initially reported results. However, upon consideration of the additional information about these loans, the Company determined to categorize these loans as impaired loans and classified these loans as troubled debt restructurings ("TDR"). The Company also applied the same impairment calculation methodology to 18 medallion loans already classified as TDRs. The net effect of these adjustments was an increase in the total TDR amount of $27.5 million and an additional $4.3 million provision for credit losses, resulting in a reduction of after tax net income of $3.2 million for the quarter and year ended December 31, 2019. The remainder of this release and the tables at the end of this release have been updated to reflect these changes.
Medallion Financial Corp. Reports 2019 Fourth Quarter and Full Year Results
- BusinessWire - Thu Feb 20, 3:05PM CST
BusinessWire - CMTX
Thu Feb 20, 3:05PM CST
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion" or the "Company"), a finance company that originates and services loans in various consumer and commercial niche industries, announced today its 2019 fourth quarter and full year results.
Medallion Financial Corp. to Report 2019 Fourth Quarter and Full Year Results on Thursday, February 20, 2020
- BusinessWire - Tue Feb 18, 8:15AM CST
BusinessWire - CMTX
Tue Feb 18, 8:15AM CST
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion" or the "Company") announced today that it will report its 2019 fourth quarter and full year results after the market closes on Thursday, February 20, 2020. A conference call to discuss the financial results will be held on Friday, February 21, 2020 at 9:00 a.m. Eastern time.
Medallion Bank Reports 2019 Fourth Quarter and Full Year Results
- BusinessWire - Thu Jan 30, 8:05AM CST
BusinessWire - CMTX
Thu Jan 30, 8:05AM CST
Medallion Bank (Nasdaq: MBNKP, "the Bank" or the "Company"), an FDIC-insured bank specializing in recreation and home improvement lending announced today its 2019 fourth quarter and full year results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).
Medallion Financial Corp. Announces Closing of Initial Public Offering of Preferred Stock by Medallion Bank
- BusinessWire - Tue Dec 17, 3:05PM CST
BusinessWire - CMTX
Tue Dec 17, 3:05PM CST
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion Financial") announced today that its wholly owned subsidiary, Medallion Bank, has closed an initial public offering of 1,840,000 shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, par value $1.00 per share, with a liquidation amount of $25 per share (the "Series F Preferred Stock") and an aggregate liquidation amount of $46 million, which includes the full exercise of the underwriters' option to purchase an additional 240,000 shares of the Series F Preferred Stock. The offering priced on December 10, 2019.
Medallion Financial Corp. Announces Pricing of Initial Public Offering of Preferred Stock by Medallion Bank
- BusinessWire - Wed Dec 11, 8:15AM CST
BusinessWire - CMTX
Wed Dec 11, 8:15AM CST
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion Financial") announced today that on December 10, 2019, its wholly owned subsidiary, Medallion Bank, priced an initial public offering of 1,600,000 shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, par value $1.00 per share, with a liquidation amount of $25 per share (the "Series F Preferred Stock") and an aggregate liquidation amount of $40 million.
Medallion Financial Corp. Announces Launch of Initial Public Offering of Preferred Stock by Medallion Bank
- BusinessWire - Mon Dec 9, 8:20AM CST
BusinessWire - CMTX
Mon Dec 9, 8:20AM CST
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion Financial") announced today that its wholly owned subsidiary, Medallion Bank, has launched an initial public offering of shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, par value $1.00 per share, with a liquidation amount of $25 per share (the "Series F Preferred Stock"). Medallion Bank's Series F Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "MBNKP." Medallion Bank will remain a wholly owned subsidiary of Medallion Financial upon completion of the offering.
Medallion Financial Corp. to Attend Upcoming Investor Conferences
- BusinessWire - Mon Nov 4, 8:21AM CST
BusinessWire - CMTX
Mon Nov 4, 8:21AM CST
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion Financial" or the "Company") announced today that the Company will attend the following upcoming investor conferences:
Medallion Financial Corp. Reports 2019 Third Quarter Results
- BusinessWire - Wed Oct 30, 3:01PM CDT
BusinessWire - CMTX
Wed Oct 30, 3:01PM CDT
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion" or the "Company"), is a finance company that originates and services loans in various consumer and commercial niche industries, announced today its 2019 third quarter results.
Medallion Financial Corp. to Report Third Quarter 2019 Results on Wednesday, October 30, 2019
- BusinessWire - Mon Oct 28, 8:35AM CDT
BusinessWire - CMTX
Mon Oct 28, 8:35AM CDT
Medallion Financial Corp. (Nasdaq: MFIN, "Medallion" or the "Company") announced today that it will report its third quarter 2019 results after the market closes on Wednesday, October 30, 2019. A conference call to discuss the financial results will be held on Thursday, October 31, 2019 at 9:00 a.m. Eastern time.

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