Medallion Bank Rated in the Top 1% for Return on Assets

  Medallion Bank Rated in the Top 1% for Return on Assets

Business Wire

NEW YORK -- April 25, 2013

According to the latest Bauer Financial Inc. bank ratings as of December 31,
2012, Medallion Bank was ranked in the top 1% of all FDIC insured banks
nationwide in terms of its return on assets for 2012. During the year, the
Bank had a return on assets of 2.94%, ranking it in the top 1% of the more
than 7,000 federally insured institutions included in the report. The Bank was
also ranked in the top 100 in the Western Region for highest capital ratios at
16.33%.

“We are proud of our inclusion in these lists,” stated Andrew Murstein,
President of Medallion Financial, the parent company of Medallion Bank. “This
is a testament to the great work our bank CEO and President John Taggart,
along with his management team of Don Poulton and Sherrie Rees, have been
doing for us. Over the last 10 years since the bank’s inception, it has been
profitable in every full year of its existence, and the parent company,
Medallion Financial, has provided its public shareholders with an average
return of approximately 25% per year for the same period. We will strive to
continue to do our best for our shareholders in the years ahead.”

Medallion Financial Corp. is a specialty finance company with a leading
position in the origination and servicing of loans financing the purchase of
taxicab medallions and related assets. The Company also originates and
services loans in other commercial industries, and its wholly-owned portfolio
company, Medallion Bank, also originates and services consumer loans. The
Company and its subsidiaries have lent approximately $5 billion to the taxicab
industry and other small businesses.

Please note that this press release may contain forward-looking statements
that involve risks and uncertainties relating to business performance, cash
flow, costs, sales, net investment income, earnings, and growth. Medallion’s
actual results may differ significantly from the results discussed in such
forward-looking statements. Factors that might cause such a difference
include, but are not limited to, those factors discussed under the heading
“Risk Factors,” in Medallion’s 2012 Annual Report on Form 10-K.

Contact:

AT THE COMPANY:
Medallion Financial Corp.
Andrew M. Murstein, President
Larry D. Hall, CFO
212-328-2100
1-877-MEDALLION
or
AT ZLOKOWER COMPANY:
Public Relations
Harry Zlokower/Dave Closs
212-447-9292
 
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