Medallion Bank Preferred Stock 8% Perpetual (MBNKP)

Overview

Medallion Bank is a distinguished industrial bank based in the United States with a specific focus on originating consumer loans. In addition to its main operations in loan origination, the bank engages in raising deposits and performing a variety of other banking activities. A pivotal subsidiary of Medallion Financial Corp, Medallion Bank was established in the year 2002 and has its headquarters situated in Salt Lake City, Utah. With a strong commitment to serving its customers, the bank operates through an extensive network of dealers, contractors, and financial service providers across the country.

Products and Services

• Consumer Loans for Recreational Vehicles, Boats, and Trailers: Medallion Bank specializes in providing consumer loans tailored for the purchase of recreational vehicles (RVs), boats, and trailers. These loans facilitate individuals in acquiring luxury and leisure assets for better living standards and recreational purposes.
• Financing for Home Improvement Projects: The bank offers comprehensive financing solutions for various home improvement projects. This includes loans for windows, siding, and roof replacements, in addition to financing for swimming pool installation and other renovation projects. These financial services are designed to help homeowners invest in the value and comfort of their homes conveniently.
• Loan Origination Services: Beyond direct lending, Medallion Bank provides specialized loan origination services. This aspect of their operation entails the facilitation and management of loan processes on behalf of dealers, contractors, and borrowers, ensuring a seamless and efficient financing experience for all parties involved.