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 floati...
Brokered deposits at US banks decreased consistently throughout 2024 as a now-withdrawn proposal to limit them as a source of funds hovered over the industry. The ratio of brokered deposits to US banks' total liabilities fell to 5.7%, from 5.9% in the linked quarter and 6.3% in the year-ago quarter.
Medallion Financial Corp. (NASDAQ:MFIN ) Q4 2024 Results Conference Call March 5, 2025 9:00 AM ET Company Participants Ken Cooper - IR Andrew Murstein - President & COO Anthony Cutrone - EVP & CFO Conference Call Participants Logan Hennen - Northland Capital Markets Operator Good morning, and welcome to the Medallion Financial Corp. fourth quarter earnings conference call. [Operator Instruction...
NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today its results for the quarter and full-year ended December 31, 2024.
NEW YORK, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Medallion Financial Corp. (NASDAQ: MFIN, the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as loan products and services offered through fintech strategic partners, announced today that it will report its results for the quarter and full-year ended December 31, 2024, a...
SALT LAKE CITY, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter and year ended December 31, 2024. The Bank is a whol...
Defendants', Medallion and Andrew Murstein, motion to dismiss was almost completely denied. Medallion stockholders continue to be exposed to substantial potential financial penalties and have funded millions in legal bills for Murstein's defense.
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