<SEC-DOCUMENT>0001209191-14-040187.txt : 20140624
<SEC-HEADER>0001209191-14-040187.hdr.sgml : 20140624
<ACCEPTANCE-DATETIME>20140610162018
ACCESSION NUMBER:		0001209191-14-040187
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140606
FILED AS OF DATE:		20140610
DATE AS OF CHANGE:		20140610

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEDALLION FINANCIAL CORP
		CENTRAL INDEX KEY:			0001000209
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				043291176
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		437 MADISON AVE 38 TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123282153

	MAIL ADDRESS:	
		STREET 1:		437 MADISON AVENUE
		STREET 2:		38TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AARON HENRY L
		CENTRAL INDEX KEY:			0001183905

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00188
		FILM NUMBER:		14902315
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2014-06-06</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001000209</issuerCik>
        <issuerName>MEDALLION FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>TAXI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001183905</rptOwnerCik>
            <rptOwnerName>AARON HENRY L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MEDALLION FINANCIAL CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>437 MADISON AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Common Stock (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>13.53</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2014-06-06</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>9000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2024-06-06</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>9000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>18000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">One-third of the options will vest on the first, second and third anniversaries of the date of grant.</footnote>
    </footnotes>

    <remarks>+Power of attorney filed herewith as Exhibit 24.</remarks>

    <ownerSignature>
        <signatureName>/s/ Jeffrey J. Yin as Attorney-in-Fact+</signatureName>
        <signatureDate>2014-06-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>attachment1.htm
<DESCRIPTION>EX-24 DOCUMENT
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY>
<PRE>

                               POWER OF ATTORNEY




KNOW ALL BY THESE PRESENTS, that the undersigned hereby makes, constitutes
and appoints each of:

                               ANDREW M. MURSTEIN

                                      and

                                 JEFFREY J. YIN

and each of them acting individually, with full power of substitution and
resubstitution, as the undersigned's true and lawful attorney-in-fact, with full
power and authority as hereinafter described on behalf of and in the name, place
and stead of the undersigned to:

     (1)   prepare, execute, acknowledge, deliver, and file all documents with
           respect to the securities of Medallion Financial Corp., a Delaware
           corporation (the "Company"), with the United States Securities and
           Exchange Commission (the "SEC") pursuant to Sections 13 and 16 of the
           Securities Exchange Act of 1934 (the "Act") and the rules and
           regulations promulgated thereunder, including: (a) all documents
           relating to the beneficial ownership of securities required to be
           filed with the SEC pursuant to Section 13(d) or Section 16(a) of the
           Act including, without limitation: (i) any acquisition statements on
           Schedule 13D or Schedule 13G and any amendments thereto, (ii) any
           joint filing agreements pursuant to Rule 13d-1(f) and (iii) any
           initial statements of, or statements of changes in, beneficial
           ownership of securities on Form 3, Form 4 or Form 5 and (b) any
           information statements on Form 13F required to be filed with the SEC
           pursuant to Section 13(f) of the Act;

     (2)   seek or obtain, as the undersigned's representative and on the
           undersigned's behalf, information on transactions in the Company's
           securities from any third party, including brokers, employee benefit
           plan administrators and trustees, and the undersigned hereby
           authorizes any such person to release any such information to the
           undersigned and approves and ratifies any such release of
           information; and

     (3)   perform any and all other acts which in the discretion of such
           attorney-in-fact are necessary or desirable for and on behalf of the
           undersigned in connection with the foregoing.

This Power of Attorney shall remain in full force and effect until revoked by
the undersigned in a signed writing delivered to each such attorney-in-fact.

All prior powers of attorney relating to the subject matter set forth herein are
hereby revoked.


IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed this 10th day of June, 2014.




                                   /s/Henry L. Aaron
                                   -----------------
                                   Name: Henry L. Aaron


</PRE>
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</SEC-DOCUMENT>
