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News 2026-09-23 22:30 UTC

Medallion Bank prices USD 55 million Series G preferred stock reopening

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 redempti