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Medallion Bank Announces Redemption of Its Series F Preferred Stock - Medallion Bank (NASDAQ:MBNKP), Medallion Financial (NASDAQ:MFIN)

Summary by Benzinga
NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Medallion Bank (NASDAQ:MBNKP, MBNKO)), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today that on July 1, 2025 (the "Redemption Date") it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F …

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Benzinga broke the news in New York, United States on Thursday, May 29, 2025.
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