Monitor the offering circular for pricing and size details. The potential redemption of Series E Preferred Stock could improve Medallion Bank's cost of capital, but the impact on Medallion Financial Corp. (MFIN) is indirect given the subsidiary structure.
Price Chart
Executive Summary
Medallion Bank, a wholly owned subsidiary of Medallion Financial Corp., announced a public offering of additional shares of its Series G Non-Cumulative Perpetual Preferred Stock (ticker MBNKO). Proceeds may be used to redeem some or all of its outstanding Series E Preferred Stock, subject to FDIC approval. The offering size and pricing terms were not disclosed.
Key Facts
- Medallion Bank is launching a public offering of additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G (liquidation amount $25 per share).
- The offering is a reopening of the original Series G issuance from May 22, 2025.
- Proceeds may be used to redeem some or all of its outstanding Senior Series E Non-Cumulative Perpetual Preferred Stock, subject to FDIC approval.
- Underwriters have a 30-day option to purchase additional shares to cover over-allotments.
- Joint book-running managers include Piper Sandler, Lucid Capital Markets, Muriel Siebert, A.G.P./Alliance Global Partners, and Ladenburg Thalmann.
Financial Impact
Offering size and pricing not disclosed; potential redemption of Series E Preferred Stock (amount not stated).
Risk Factors
- Offering size and terms are undisclosed, creating uncertainty about dilution and capital impact.
- Redemption of Series E Preferred Stock is subject to FDIC approval and may not occur.
- Forward-looking statements are subject to market conditions and regulatory approvals.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3366894 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | 8-K | $11.32 $11.42 | ▲ +0.88% | ▲ +1.41% | $11.41 (+0.80%) |
Oct 19, 2026 6d ago | 8-K | $11.20 $11.20 | · 0.00% | ▼ −0.53% | $11.41 (+1.87%) |
Oct 15, 2026 10d ago | Press Release | $11.19 $11.22 | ▲ +0.27% | ▼ −0.16% | $11.41 (+1.97%) |
Sep 30, 2026 25d ago | Press Release | $11.92 $11.91 | ▼ −0.08% | ▼ −0.82% | $11.41 (−4.28%) |
Sep 24, 2026 4w ago | 8-K | $11.83 $11.96 | ▲ +1.10% | ▲ +0.56% | $11.41 (−3.55%) |
Sep 23, 2026 4w ago | Press Release | $11.83 $11.96 | ▲ +1.10% | ▲ +0.56% | $11.41 (−3.55%) |
Sep 22, 2026 4w ago | Press Release | $11.54 $11.83 | ▲ +2.51% | ▲ +2.60% | $11.41 (−1.13%) |
Sep 22, 2026 4w ago | Press Release | $11.54 $11.83 | ▲ +2.51% | ▲ +2.60% | $11.41 (−1.13%) |
Jul 8, 2026 15w ago | Press Release | $9.83 | awaiting T+1 | — | $11.41 (+16.07%) |
Jul 2, 2026 16w ago | EFFECT | $10.12 $10.04 | ▲ +0.79% | ▲ +1.66% | $11.41 (−12.75%) |
US Market Status
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