Medallion Financial unit Medallion Bank closes USD 55 million Series G preferred stock offering

• Medallion Bank, a Medallion Financial unit, closed a public offering of 2,200,000 Series G preferred shares with a USD 55 million liquidation amount.
• Series G has a USD 25 liquidation amount per share. Shares trade on Nasdaq under ticker MBNKO.
• Net proceeds earmarked for general corporate purposes, including potential redemption of outstanding Senior Series E preferred stock subject to FDIC approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609301605PRIMZONEFULLFEED9837210) on September 30, 2026, and is solely responsible for the information contained therein.