Medallion Bank launches follow-on Series G preferred stock offering on Nasdaq

Medallion Bank launched a public follow-on offering of additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G.

The offering reopens the original Series G issuance completed on May 22, 2025; the preferred shares trade on Nasdaq as MBNKO.

Net proceeds are earmarked for general corporate purposes, including potential redemption of some or all outstanding Senior Series E preferred stock.

Any Series E redemption remains subject to prior approval from the FDIC.