MEDALLION BANK F(MBNKP) - 2024 Q4 - Annual Results
Exhibit 99.1 FOR IMMEDIATE RELEASE: Executive Commentary – Andrew Murstein, President of Medallion "We continue to be pleased with our quarterly and full-year performance. In the fourth quarter of 2023, taxi medallion recoveries added 0.04 this quarter. For the full year, and the first time in our history, we originated over $1 billion of loans, more than half of which were high yielding recreation loans. We are quite pleased with this accomplishment. Our commercia ...