Medallion Bank

Medallion Bank is a Federal Deposit Insurance Corporation (FDIC) insured industrial bank that originates consumer loans, raises deposits, and conducts other banking activities. The bank operates as a wholly-owned subsidiary of Medallion Financial Corp., a specialty finance company. As of December 31, 2025, Medallion Financial Corp. had total assets of $2.96 billion, up from $2.87 billion as of December 31, 2024. Medallion Financial Corp. conducts its business through various wholly-owned subsidiaries, including Medallion Bank, Medallion Capital, Inc. (a Small Business Investment Company operating a mezzanine financing business), Medallion Funding LLC (historically a primary taxi medallion lending company), and Freshstart Venture Capital Corp. (which historically originated and serviced taxi medallion and commercial loans). The company provides loans to individuals and small to mid-size businesses across four operating segments: loans that finance consumer purchases of recreational vehicles (RVs), boats, collector cars, and other consumer recreational equipment; loans that finance consumer home improvements; loans that finance commercial businesses; and historically, loans that finance taxi medallions. As of December 31, 2025, the company's loans receivable totaled $2,566,849 thousand. Recreation loans, a return-oriented business focused on originating prime and non-prime recreation loans, comprised 63% of these loans receivable, with $1,617,221 thousand in loans. Home improvement loans amounted to $810,237 thousand, commercial loans were $123,068 thousand, and taxi medallion loans were $1,179 thousand. Additionally, there were $15,144 thousand in strategic partnership loans held for sale.