Medallion Financial Corp
(NASDAQ: TAXI)
+0.03
+0.20%
| Exchange: | NASDAQ |
| Stock: | Medallion Financial Corp |
| Industry: | Credit Services |
| Employees: | 145 |
| Medallion Financial Corp. is a specialty finance company that is engaged in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses. A wholly owned portfolio of the Company, Medallion Bank, also originates consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers. The Company conducts its business through various wholly owned investment company subsidiaries, including Medallion Funding LLC, a small business investment company (SBIC), its primary taxicab medallion lending company; Medallion Capital, Inc., an SBIC and a regulated investment company (RIC), which conducts a mezzanine financing business, and Freshstart Venture Capital Corp. (Freshstart), an SBIC and a RIC, which originates and services taxicab medallion and commercial loans. In June 2012, the Company’s subsidiary, Medallion Bank, acquired a taxi medallion loan portfolio of over $10,000,000 from First National Bank of New York. |
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