MFIN Medallion Financial Corp.

Medallion Bank Announces Benchmark Rate for Certain Preferred Stock

Medallion Bank Announces Benchmark Rate for Certain Preferred Stock

SALT LAKE CITY, March 28, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, the “Bank”) today announced that, upon the commencement of the floating rate period for the Bank’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the “Series F Preferred”) on April 1, 2025, the benchmark rate used to determine the dividend rate for each dividend period during the floating rate period will be three-month CME Term SOFR (“Term SOFR”). In addition, the dividend payment rate determination date for determining Term SOFR will be the second U.S. government securities business day preceding the first day of the relevant dividend period. The Series F Preferred trades on the Nasdaq Capital Market under the ticker symbol “MBNKP.”

About Medallion Bank

Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

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Company Contact:

Investor Relations

212-328-2176



EN
28/03/2025

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Reports on Medallion Financial Corp.

 PRESS RELEASE

Medallion Bank Announces Launch of Series G Preferred Stock Offering

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Medallion Financial Corp. Reports 2025 First Quarter Results

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 PRESS RELEASE

Medallion Bank Reports 2025 First Quarter Results and Declares Series ...

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 PRESS RELEASE

Medallion Financial Corp. to Report 2025 First Quarter Results on Wedn...

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 PRESS RELEASE

Medallion Bank Announces Benchmark Rate for Certain Preferred Stock

Medallion Bank Announces Benchmark Rate for Certain Preferred Stock SALT LAKE CITY, March 28, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, the “Bank”) today announced that, upon the commencement of the floating rate period for the Bank’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the “Series F Preferred”) on April 1, 2025, the benchmark rate used to determine the dividend rate for each dividend period during the floating rate period will be three-month CME Term SOFR (“Term SOFR”). In addition, the dividend payment rate determination date for dete...

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