Medallion Bank prices USD 55 million Series G preferred stock reopening

Bitget2026/09/23 22:30

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Medallion Bank priced a $55 million reopening of its Series G fixed-rate reset non-cumulative perpetual preferred stock.
Shares pay a 9% fixed dividend through June 30, 2030; reset to the 5-year U.S. Treasury rate + 4.94% from July 1, 2030.
Proceeds earmarked for general corporate purposes, including potential redemption of Series E preferred stock, subject to FDIC approval.
Offering expected to close Sept. 30, 2026; Medallion Bank remains a wholly owned unit of Medallion Financial.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609231830PRIMZONEFULLFEED9832937) on September 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Medallion Bank prices USD 55 million Series G preferred stock reopening

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