Medallion Bank prices $55M public offering of Series G preferred stock on Nasdaq, expanding perpetual preferred capital.
PRIVATESep 23, 2026
Amount Raised
$55 Million
Round Type
Series G
Salt Lake CityFinancial ServicesLendingBanking
Description
Medallion Bank priced a public offering of 2.2 million shares of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, with an aggregate liquidation amount of $55 million. The offering represents a reopening of the company's original Series G Preferred Stock issuance from May 22, 2025. Dividends will accrue at a fixed rate of 9.00% per annum through July 1, 2030, then reset to the five-year U.S. Treasury rate plus 4.94%
Company Information
Company
Medallion Bank
Location
Salt Lake City, Utah, United States
About
Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, and offering loan origination services to fintech partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States.
Fundz sees it the moment Medallion Bank raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Salt Lake CityFinancial ServicesLendingBanking