MEDALLION BANK ANNOUNCES LAUNCH OF SERIES G PREFERRED STOCK OFFERING
MEDALLION FINANCIAL CORP (MBNKO) filed an SEC Form 8-K — Regulation FD Disclosure. Exhibit 99.1 FOR IMMEDIATE RELEASE: MEDALLION BANK ANNOUNCES LAUNCH OF SERIES G PREFERRED STOCK OFFERING SALT LAKE CITY, UT – September 22, 2026 – Medallion Bank (Nasdaq: MBNKO), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and h
How this was made
The 30-second read
Why it matters
The new preferred issuance may dilute existing equity holders and affect the stock's liquidity, while proceeds could be used to redeem older preferred securities.
Market read
Primary disclosure of a capital raise for a small‑cap bank; relevant for traders monitoring dilution risk.
What to watch
Potential redemption of Series E preferred could free up capital, altering the net impact.
Background
Medallion Bank, a subsidiary of Medallion Financial Corp., provides consumer loans for RVs, boats, and home improvements and is issuing additional Series G preferred shares.
Ticker impact
Medallion Bank filed an 8‑K announcing a reopening of its Series G preferred stock offering, a fresh capital raise for the subsidiary.
Short‑term downward pressure on equity price; longer‑term support if proceeds improve balance sheet.
The offering size is not disclosed, but any new preferred issuance can affect share supply and investor perception.
Market effects
May signal increased financing activity in the niche consumer‑loan banking sector.
Limited to U.S. regional banking market; no broader macro effect.
Low
Counterpoint
If the preferred offering is oversubscribed, the equity could rally on perceived confidence.
Key entities
- companyMedallion Bank
Issuer of the Series G preferred stock offering.
- financial_institutionPiper Sandler & Co.
Joint book‑running manager for the offering.
