Medallion Bank launches Series G preferred stock offering

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Medallion Bank Announces Launch of Series G Preferred Stock Offering

September 22, 2026 4:20 PM EDT

SALT LAKE CITY, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has launched a public offering of additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the Series G Preferred Stock). The offering is a reopening of Medallion Bank's original issuance of its Series G Preferred Stock, which occurred on May 22, 2025.... More