From GlobeNewswire: 2025-05-29 16:15:00

Medallion Bank (Nasdaq: MBNKP; MBNKO) announced the redemption of all outstanding shares of its Series F Preferred Stock on July 1, 2025, at a redemption price of $25.00 per share. The redemption does not include declared and unpaid dividends, which will be paid separately on the same day. After the Redemption Date, the Series F Preferred Stock will no longer be outstanding, and dividends will cease to accrue. All shares are held in book-entry form through DTC and will be redeemed accordingly. Investors should contact their bank or broker for information on obtaining the Redemption Payment. Medallion Bank specializes in consumer loans for recreational vehicles, boats, and home improvements, and is a wholly owned subsidiary of Medallion Financial Corp.



Read more at GlobeNewswire: Medallion Bank Announces Redemption of Its Series F