# Medallion Bank

> Medallion Bank is a Utah-chartered industrial bank owned by Medallion Financial Corp. It finances recreational vehicles, boats and home improvements through dealers and contractors, and originates loans for fintech partners. Its distribution runs through third parties rather than retail branches.

- **Founded:** 2003
- **Headquarters:** Salt Lake City, United States
- **Founders:** John M. Taggart (Founding President and CEO), Donald S. Poulton (Founding officer and Chief Lending Officer)
- **Products:** Recreation lending, Home improvement lending, Strategic partnership lending
- **Notable:** Reported 2025 net income of $72.2 million., Strategic partnership originations increased from $203.6 million in 2024 to $771.6 million in 2025., Reported approximately $2.8 billion in assets at June 30, 2026.

## Products & services

- **Recreation lending** — Dealer and financial-service-provider financing for new and used RVs, boats and horse trailers, including consumers with past credit challenges.
- **Home improvement lending** — Consumer installment financing offered through contractors for roofs, windows, doors, siding and other home improvements, with digital applications and loan tracking.
- **Strategic partnership lending** — Loan origination, banking infrastructure and regulatory compliance support for fintech lending programs.

## Achievements

- Reported 2025 net income of $72.2 million.
- Strategic partnership originations increased from $203.6 million in 2024 to $771.6 million in 2025.
- Reported approximately $2.8 billion in assets at June 30, 2026.
- Added a sixth fintech relationship with rFinance in September 2026.

## Latest updates

- **2026-09** — Priced a $55 million Series G preferred-stock reopening on September 23; parent news index lists closing September 30.
- **2026-09** — Announced rFinance relationship September 22.
- **2026-07** — Reported Q2 net income of $16.0 million and strategic partnership originations of $247.1 million.
- **2026-07** — Justin Haley succeeded Donald Poulton as CEO effective July 1; Poulton moved to the board and Risk Committee chair.
- **2026-05** — Announced Together Loans as its fifth fintech partner.

## Links

- Website: https://www.medallionbank.com/
- LinkedIn: https://www.linkedin.com/company/medallion-bank
- Twitter/X: https://twitter.com/medallionbank
- Facebook: https://www.facebook.com/MedallionBank

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Profile page: https://yespress.io/medallion-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-26