Medallion Financial Corporation has announced the pricing of its Series G Preferred Stock offering. Medallion Bank, a wholly owned subsidiary, will be issuing 3,000,000 shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G. Each share has a par value of $1.00 and a liquidation amount of $25, resulting in an aggregate liquidation amount of $75 million. The Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "MBNKO". The offering is anticipated to close on May 22, 2025, subject to customary closing conditions. The full preliminary offering circular is available at medallionbankoffering.com.
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