Medallion Bank launches Series G preferred stock offering, possible Series E redemption

MEDALLION FINANCIAL CORP

Offering of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, $25 liquidation preference per share; reopening of May 22, 2025 original issuance.
Underwriters granted 30-day option to purchase additional shares to cover over-allotments; joint book-runners include Piper Sandler, Lucid Capital Markets, Muriel Siebert, A.G.P., Ladenburg Thalmann.
Net proceeds for general corporate purposes; may redeem all or part of outstanding Series E preferred stock, subject to FDIC approval.
Medallion Bank remains wholly owned subsidiary of Medallion Financial Corp.; offering exempt under Section 3(a)(2) of Securities Act.

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