MEDALLION FINANCIAL CORP

# Medallion Financial Corp

Medallion Financial Corp operates Medallion Bank, an industrial bank headquartered in Salt Lake City, Utah. The company originates consumer loans, accepts deposits, and provides banking services to individuals and businesses across the United States. Its primary lending focus centers on recreational products, including recreational vehicles and boats, as well as home improvement purchases such as replacement windows and roofs. The bank distributes these loans through a network of dealers, contractors, and financial service providers.

Beyond direct consumer lending, Medallion Bank offers loan origination services to fintech partners, diversifying its revenue streams beyond traditional banking operations. This dual approach—serving both end consumers through established dealer channels and providing origination infrastructure to technology-enabled lenders—positions the company at the intersection of conventional banking and alternative finance.

The company was incorporated in Delaware in 2002 and operates as a subsidiary of Medallion Financial Corp, which is listed on the Nasdaq exchange. Medallion Bank's business model relies on deposit funding and dealer networks to generate loan originations, with particular concentration in the recreation and home improvement sectors.