Medallion Bank is an FDIC insured industrial bank located in Salt Lake City, Utah and is a wholly owned subsidiary of Medallion Financial. It’s regulated by the FDIC and the Utah Department of Financial Institutions. In association with its New York affiliates, the Bank originates new taxi medallion and asset-based commercial loans. It also specializes in nationwide non-prime recreational use product lending, and select healthcare product financing.
The Bank has no retail branches, but rather generates its insured deposits through a stable network of deposit brokers.
For more information, visit Medallion Bank's web site at: www.medallionbank.com.