Financing ·
Medallion Bank launches public offering of Series G preferred stock with $25 liquidation amount
MBNKOMedallion Financial Corp
Medallion Financial Corp.'s wholly owned subsidiary, Medallion Bank, launched a public offering of additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. This reopening follows the original issuance on May 22, 2025. The preferred stock has a par value of $1.00 and a liquidation amount of $25 per share, trading under ticker MBNKO. Medallion Bank intends to use net proceeds for general corporate purposes, potentially including redeeming outstanding Series E Preferred Stock subject to FDIC approval. Underwriters include Piper Sandler & Co., Lucid Capital Markets, LLC, Muriel Siebert & Co., LLC, A.G.P. / Alliance Global Partners, and Ladenburg Thalmann & Co. Inc. Medallion Financial Corp. operates in the financial services industry, providing consumer loans for recreational vehicles, boats, and home improvements through its subsidiary bank.