Group 1 - Medallion Bank announced the commencement of the floating rate period for its Series F Preferred Stock on April 1, 2025, with the benchmark rate being three-month CME Term SOFR [1] - The dividend payment rate determination date for the Series F Preferred will be the second U.S. government securities business day preceding the first day of the relevant dividend period [1] - The Series F Preferred trades on the Nasdaq Capital Market under the ticker symbol "MBNKP" [1] Group 2 - Medallion Bank specializes in consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services for fintech partners [2] - The Bank collaborates with thousands of dealers, contractors, and financial service providers across the United States [2] - Medallion Bank is a Utah-chartered, FDIC-insured industrial bank and a wholly owned subsidiary of Medallion Financial Corp [2]
Medallion Bank Announces Benchmark Rate for Certain Preferred Stock