Medallion Bank
in the United States 🇺🇸
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About Medallion Bank in the United States
Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City that specializes in consumer financing at the point of sale. The bank provides consumer loans for recreational vehicles, boats, home improvements, and offers banking-as-a-service (BaaS) lending solutions to fintech strategic partners.
As of August 2022, the bank holds approximately $2.58 billion in total assets and $2.06 billion in deposits. Medallion Bank is a wholly owned subsidiary of Medallion Financial Corp. (NASDAQ: MFIN) and trades its preferred stock on NASDAQ under the symbols MBNKP and MBNKO.