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MEDALLION FINANCIAL CORP
Medallion Financial Corp. completed the purchase of $15 million in liquidation amount of trust preferred securities from BIMIZCI Fund LLC on October 21, 2026. The total purchase price was $11,163,231.48, which includes all accrued distributions due through the closing date.…more
MEDALLION FINANCIAL CORP
Medallion Financial Corp. has entered into an agreement to repurchase $15 million in trust preferred securities (TruPS) from BIMIZCI Fund LLC for $11.049 million, representing 73.66% of the liquidation amount. As part of the settlement, the investor parties are subject to a five-year standstill agreement until October 16, 2031, and have committed to disposing of all remaining company common stock by December 31, 2026.…more
MEDALLION FINANCIAL CORP
Medallion Financial's subsidiary, Medallion Bank, has priced a public offering of 2.2 million shares of its Series G Preferred Stock, raising $55 million in aggregate liquidation value. The proceeds are intended for general corporate purposes, including the potential redemption of outstanding Series E Preferred Stock, with the offering expected to close on September 30, 2026.…more
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Medallion Bank Announces Strategic Collaboration with rFinance
Medallion Bank has entered into a strategic relationship with rFinance to collaborate on the origination and administration of consumer loans. This partnership aims to expand the bank's loan services for its fintech strategic partners.…more