Medallion Bank Board of Directors Declares Series F Preferred Stock Dividend

SALT LAKE CITY--(BUSINESS WIRE)--Medallion Bank (Nasdaq:MBNKP, “the Bank” or the “Company”), an FDIC-insured bank specializing in recreation and home improvement lending, announced today its Board of Directors declared a quarterly cash dividend of $0.58 per share on the Bank’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, which trades on the Nasdaq Capital Market under the ticker symbol “MBNKP.” The dividend is payable on April 1, 2020 to holders of record at the close of business on March 16, 2020.