Company Overview - Medallion Bank is an FDIC-insured bank that specializes in providing consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services to fintech strategic partners [5] Redemption Announcement - Medallion Bank announced that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F on July 1, 2025, at a redemption price of $25.00 per share [1] - The redemption price does not include declared and unpaid dividends, which will be paid separately on the same date to holders of record [2] Post-Redemption Details - After the redemption date, the Series F Preferred Stock will no longer be considered outstanding, and dividends will cease to accrue [3] - The shares are held in book-entry form through The Depository Trust Company and will be redeemed according to DTC procedures [3] Contact Information - Investors seeking information about the redemption payment should contact the bank or their broker [4]

Company Overview - Medallion Bank is an FDIC-insured bank that specializes in providing consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services to fintech strategic partners [5]. Redemption Announcement - Medallion Bank announced that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, on July 1, 2025, at a redemption price of $25.00 per share [1]. - The redemption price does not include declared and unpaid dividends, which will be paid separately on the same date to holders of record [2]. Post-Redemption Details - After the redemption date, the Series F Preferred Stock will no longer be considered outstanding, and dividends will cease to accrue [3]. - The shares are held in book-entry form through The Depository Trust Company and will be redeemed according to DTC procedures [3]. Contact Information - Investors seeking information about the redemption payment should contact the bank or their broker [4].

Core Viewpoint - Medallion Bank has announced a public offering of 3,000,000 shares of its Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, aiming to raise an aggregate liquidation amount of $75 million [1][4]. Offering Details - The Series G Preferred Stock has a par value of $1.00 per share and a liquidation amount of $25 per share [1]. - Dividends will accrue at a fixed rate of 9.00% per annum until July 1, 2030, after which the rate will be the five-year U.S. Treasury rate plus 4.94% per annum [2]. - Dividends will be payable quarterly, starting October 1, 2025, contingent upon declaration by the board and availability of funds [2]. Trading and Underwriting - The Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "MBNKO" [3]. - Underwriters have a 30-day option to purchase an additional 450,000 shares to cover over-allotments [3][5]. Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including increasing capital levels, growing consumer loan portfolios, or redeeming outstanding Series F Preferred Stock, pending regulatory approval [4]. Company Background - Medallion Bank specializes in consumer loans for recreational vehicles, boats, and home improvements, and provides loan origination services to fintech partners [8]. - The bank is a Utah-chartered, FDIC-insured industrial bank and a wholly owned subsidiary of Medallion Financial Corp [8].

Company Overview - Medallion Bank is an FDIC-insured bank that specializes in providing consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services to fintech partners [7] Offering Details - Medallion Bank has launched a public offering of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, with a par value of $1.00 per share and a liquidation amount of $25 per share [1] - The Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "MBNKO" [1] - The underwriters will have a 30-day option to purchase additional shares to cover over-allotments [2] Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, which may include increasing capital levels, growing consumer loan portfolios, or redeeming outstanding Series F Preferred Stock, subject to regulatory approval [3] Management and Underwriters - Piper Sandler & Co. and Lucid Capital Markets, LLC are acting as joint book-running managers for the offering [4] - Additional lead managers include A.G.P./Alliance Global Partners, B. Riley Securities, Inc., and others [4] Regulatory Information - The offering is exempt from the registration requirements of the Securities Act of 1933 and will be made only by means of an offering circular [5] - The preliminary offering circular is available at medallionbankoffering.com [6]