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Medallion Bank Reports 2021 Second Quarter Results and


Medallion Bank Reports 2021 Second Quarter Results and Declares Series F Preferred Stock Dividend
July 30, 2021 16:01 ET
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Medallion Financial
Medallion Financial
New York, New York, UNITED STATES
SALT LAKE CITY, July 30, 2021 (GLOBE NEWSWIRE) Medallion Bank (Nasdaq: MBNKP, “the Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2021 second quarter results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).
2021 Second Quarter Highlights
Record quarterly net income of $17.5 million compared to net income of $1.8 million in the prior year period. ....

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Medallion Bank Selects LoanPro


Medallion Bank Selects LoanPro
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SALT LAKE CITY, May 27, 2021 /PRNewswire/ Medallion Bank (Nasdaq: MBNKP), (MBNKP or the Bank ), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, has announced its partnership with LoanPro, a tech-forward loan servicing software company. Medallion Bank now combines its recreation and home improvement consumer finance loan origination capability with LoanPro s proven lending platform, which empowers lenders through workflow automation and improved data visibility.
Medallion Bank
Donald Poulton, President & Chief Executive Officer of Medallion Bank said, As we expand the Bank s digital lending capabilities, LoanPro demonstrated a clear advantage to help us drive speed of service and efficiency with our loan servicing. This will allow us to continue to grow the numb ....

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