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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Bank published the original content used to generate this news brief on September 22, 2026, and is solely responsible for the information contained therein.