Medallion Bank (Nasdaq:MBNKP, “the Bank” or the “Company”), an FDIC-insured bank specializing in recreation and home improvement lending, announced today its Board of Directors declared a quarterly cash dividend of $0.58 per share on the Bank’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, which trades on the Nasdaq Capital Market under the ticker symbol “MBNKP.” The dividend is payable on April 1, 2020 to holders of record at the close of business on March 16, 2020.

About Medallion Bank

Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City, Utah. Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements. Medallion Bank is a wholly owned subsidiary of Medallion Financial Corp., a finance company that originates and services loans in various industries.

Company: Alex E. Arzeno Investor Relations 212-328-2168 InvestorRelations@medallion.com

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