Medallion Financial Corp.

Medallion Financial Corp. is a specialty finance company headquartered in New York City, New York, focused on originating and servicing consumer and commercial loans. The company operates through various wholly-owned subsidiaries, most notably Medallion Bank, which serves as its primary operating entity. Its mission involves providing financing solutions, particularly in niche markets that may be underserved by traditional banking institutions.

The company's key products and services are diversified across several lending segments. These include recreation lending for purchases such as recreational vehicles, boats, and collector cars, as well as home improvement lending for projects like window, siding, roof replacement, and swimming pool installations. Medallion Financial also engages in commercial lending and, through Medallion Bank, offers loan origination services to fintech strategic partners and raises deposits. While historically known for taxi medallion lending, this segment now represents a very small portion of its total assets.

In terms of leadership, Andrew Murstein was appointed Chief Executive Officer of Medallion Financial Corp., effective January 31, 2026, with Alvin Murstein transitioning to Executive Chairman until May 2027. Concurrently, Medallion Bank announced Justin Haley would become its CEO on July 1, 2026. The company has been strategically diversifying its lending portfolio, emphasizing growth in consumer and commercial loans and expanding its fintech partnerships. Recent financial reports indicate strong performance, with increased net interest income and expectations for continued loan growth in 2026.