Medallion Financial Corp Announces $55M Preferred Stock Pricing

What Happened
Medallion Financial Corp (MFIN) announced on September 23, 2026 (filed 8‑K Sept 24, 2026) that Medallion Bank priced an offering of 2,200,000 additional shares of its Fixed‑Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series G. The preferred shares have a par value of $1.00, a liquidation amount of $25.00 per share, and an aggregate liquidation amount of $55,000,000. The company furnished a press release about the pricing (Exhibit 99.1) pursuant to Regulation FD.

Key Details

• Offering size: 2,200,000 additional shares of Series G preferred stock.
• Per‑share liquidation amount: $25.00; aggregate liquidation amount: $55,000,000.
• Security type: Fixed‑Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series G (par value $1.00).
• Disclosure: Press release dated Sept 23, 2026 furnished as Exhibit 99.1 in the Form 8‑K (Item 7.01).

Why It Matters
This offering will raise $55 million of preferred capital for Medallion Bank, which affects the bank’s capital structure and funding. Because the issued security is perpetual preferred stock (non‑cumulative), it represents a claim on capital and dividend priority ahead of common shareholders but does not have a set maturity date. Investors should note the size and terms of the offering when assessing the company’s capital position and potential impact on shareholder priorities; the company furnished the information under Regulation FD, making the details public.