Medallion Bank (NASDAQ: MBNKO) announced a multi-year agreement with TL Financial Services, LLC dba Together Loans, marking the bank's fifth fintech partnership. Together Loans operates as a fintech company that offers consumer loans based on cosigner trust rather than traditional credit scores.

The Salt Lake City-based bank reported strategic partnership loan originations of $771.6 million in 2025, compared to $203.6 million in 2024. Medallion Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ: MFIN).

Together Loans focuses on providing unsecured consumer installment loans through guarantor backing. The Chicago-based company operates under NMLS ID 1905055 and 2766355.

"We are pleased to welcome Together Loans to our strategic partnership program," said Justin Haley, President of Medallion Bank. "We appreciate their focus on helping individuals with prior credit challenges both to access needed credit and improve financial standing over time."

Kelly Black, Co-Founder and CEO of Together Loans, stated the partnership will "expand that reach, providing more consumers with access to fair, transparent credit, backed by the people who believe in them most."

Medallion Bank specializes in consumer loans for recreational vehicles, boats, and home improvements, working with dealers, contractors and financial service providers across the United States. The FDIC-insured industrial bank said it continues evaluating additional partnership opportunities to scale its strategic partnership program.