Medallion Bank launches follow-on Series G preferred stock offering on Nasdaq
Bitget2026/09/22 20:23- Medallion Bank launched a public follow-on offering of additional shares of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G.
- The offering reopens the original Series G issuance completed on May 22, 2025; the preferred shares trade on Nasdaq as MBNKO.
- Net proceeds are earmarked for general corporate purposes, including potential redemption of some or all outstanding Senior Series E preferred stock.
- Any Series E redemption remains subject to prior approval from the FDIC.
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