Medallion Bank Preferred Stock 8% Perpetual (MBNKP)
NASDAQ (CM) NASDAQ (CM) Primary Summary
MBNKP Chart
Medallion Bank Announces Redemption of Its Series F Preferred Stock
NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP; MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that on July 1, 2025 (the “Redemption Date”) it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (the “Series F Preferred Stock”) (Nasdaq: MBNKP) at the redemption price of $25.00 per share (the “Redemption Price”).
Medallion Bank Announces Closing of Series G Preferred Stock Offering
NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that it has closed a public offering of 3,100,000 shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, par value $1.00 per share, with a liquidation amount of $25 per share (the “Series G Preferred Stock”) and an aggregate liquidation amount of $77.5 million, which includes a partial exercise of the underwriters' option to purchase an additional 100,000 shares of the Series G Preferred Stock. The offering priced on May 15, 2025.
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.”
Medallion Bank Preferred Stock 8% Perpetual Dividends
| MBNKP 4 days ago Announced | Quarterly | $0.68 Per Share |
| MBNKP 3 months ago Paid | Quarterly | $0.5 Per Share |
| MBNKP 6 months ago Paid | Quarterly | $0.5 Per Share |
| MBNKP 9 months ago Paid | Quarterly | $0.5 Per Share |
| MBNKP 14 Jun 2024 Paid | Quarterly | $0.5 Per Share |
Medallion Bank Preferred Stock 8% Perpetual Earnings
| MBNKP 4 days ago Announced | Quarterly | $0.68 Per Share |
| MBNKP 3 months ago Paid | Quarterly | $0.5 Per Share |
| MBNKP 6 months ago Paid | Quarterly | $0.5 Per Share |
| MBNKP 9 months ago Paid | Quarterly | $0.5 Per Share |
| MBNKP 14 Jun 2024 Paid | Quarterly | $0.5 Per Share |
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Medallion Bank Preferred Stock 8% Perpetual Profile
| Banks - Regional Industry | Financial Services Sector | Mr. Donald S. Poulton CEO | NASDAQ (CM) Exchange | 58403B205 Cusip |
| US Country | 118 Employees | 16 Jun 2025 Last Dividend | - Last Split | 17 Dec 2019 IPO Date |
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.
Contact Information
