<SEC-DOCUMENT>0001193125-16-731102.txt : 20161005
<SEC-HEADER>0001193125-16-731102.hdr.sgml : 20161005
<ACCEPTANCE-DATETIME>20161005090132
ACCESSION NUMBER:		0001193125-16-731102
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161004
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161005
DATE AS OF CHANGE:		20161005

FILER:

	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

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00188
		FILM NUMBER:		161921442

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d224656d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, DC&nbsp;20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT PURSUANT TO </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECTION 13 OR 15(d) OF THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported) October&nbsp;4, 2016 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>MEDALLION FINANCIAL CORP. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Delaware
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of incorporation) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"><B>814-00188</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>04-3291176</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"><B>(Commission File Number)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(IRS Employer Identification Number)</B></TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>437 Madison Avenue </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New York, New York 10022 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices) (Zip Code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code (212)&nbsp;328-2100 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former Name or Former Address, if Changed Since Last Report) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below): </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;8.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"><B>OTHER EVENTS. </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On October&nbsp;4, 2016, Medallion Financial Corp. (the &#147;Company&#148;) issued a
press release to the news media announcing a loan portfolio sale by Medallion Bank and the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference. The information in the press release is being furnished, not filed, pursuant to Item&nbsp;8.01. Accordingly, the information in the press release will not be incorporated by reference into any
registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FINANCIAL STATEMENTS AND EXHIBITS. </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="95%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP ALIGN="center">99.1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Press release, dated October&nbsp;4, 2016.</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>MEDALLION FINANCIAL CORP.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Larry D. Hall</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name:&nbsp;&nbsp;Larry D. Hall</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">Date: October&nbsp;5, 2016 </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Exhibit Index</U> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="95%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP ALIGN="center">99.1</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Press release, dated October&nbsp;4, 2016.</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d224656dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt">


<IMG SRC="g224656g0802140346842.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">FOR FURTHER INFORMATION: </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>AT THE COMPANY</U>:</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Medallion Financial Corp.</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">437 Madison Avenue</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">New York, New York 10022</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andrew M. Murstein, President</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Larry D. Hall, CFO</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1-212-328-2100</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">1-877-MEDALLION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>AT ZLOKOWER COMPANY</U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Public Relations</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Harry Zlokower/Dave Closs</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1-212-863-4115</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">1-212-863-4120</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>FOR IMMEDIATE RELEASE: </U></B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>MEDALLION FINANCIAL CORP. ANNOUNCES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>SALE OF ITS ASSET BASED LENDING DIVISION, MEDALLION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>BUSINESS CREDIT, CONSISTING OF OVER $40 MILLION IN PRIME </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:16pt; font-family:Times New Roman" ALIGN="center"><B>BUSINESS CREDIT LOANS </B></P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NEW YORK, NY &#150; October&nbsp;4, 2016 &#150;</B> Medallion Financial Corp. (Nasdaq: MFIN) announced today that Medallion Bank, the
Company&#146;s unconsolidated wholly-owned portfolio company, and Medallion Business Credit, a division of the Company, closed on a sale of over $40 million in performing loans to a large super regional bank, recognizing a gain on the transaction.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Andrew Murstein, President of Medallion stated, &#147;Given our strong network of relationships, 2016 is shaping up to be another record
year of loan production for our consumer loans. This sale of our smallest and least profitable division will not only be accretive to our earnings, but will allow us to redeploy these funds from lower yielding loans to significantly higher yielding
loans in our consumer lending area where we continue to have over a 50% pre-tax return on equity.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;* </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Medallion Financial Corp. is a specialty finance company that originates
and services loans in various commercial industries, and its wholly-owned portfolio company, Medallion Bank, also originates and services consumer loans. The Company and its subsidiaries have lent approximately $7 billion to small businesses.
</I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business
performance, cash flow, costs, sales, net investment income, earnings, and growth. Medallion&#146;s actual results may differ significantly from the results discussed in such forward-looking statements. Factors that might cause such a difference
include, but are not limited to, those factors discussed under the heading &#147;Risk Factors,&#148; in Medallion&#146;s 2015 Annual Report on Form 10-K. </I></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g224656g0802140346842.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g224656g0802140346842.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" #1 Q<# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#WZBBBD 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M_>'U>E_*:?\ ;]_ZQ_\ ?%']OW_K'_WQ6911_:&*_P"?C^\/J]+^4T_[?O\
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M[;_5OZ5S]=!XE^[;_5OZ5S]?%9S_ +Y+Y?D>W@_X*"BBBO+.D**** "BBB@
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MM1LK%XTN[N"!I3MC$KA2Y]!GKUI1BY.R5QMI;EFBBHYYXK:!YYY4BB09=W.
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M4/\ >B_]#6N'^%EQ_8?B"XMISB*\TU;H$_[(W?RW?E7<?%0C_A7NH<_Q1?\
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M7IXB4:F*G3O+1-[Z;=+'/33C24M-^VNYN77Q">+7M3T:TT*YO+BP0N3'*H#
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M5]7_ %Y()5I13L[:LZ/XE:O;Z]\-+'4[4,(9[I" _5>&!!_$5Z3I?_('LO\
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M#^NIX>*_C,****](YPHHHI -9%;[R@_49I/)B_YYI_WR*?12<4]T%QGDQ?\
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%, HH
MHI %%%% !1110 49IKNL:%W8!0,DFN-U'Q%<:DS0Z<YAM0<&XQ\S_P"Y[>_\
MZY\1B:="/--FE.E*H[(Z6]UFPT\A;B=0YZ(OS,?P%9DGB=B?W%B^.QF<)^G6
ML&&R$2@HH\R4,5R^9)MO7&>6IULT%Q9M*&;$A2.)U7.UG8*I(] 3S^->/+,<
M55G&-*-E+9O8[%AZ44W)WL;*^([DGYH;<>WF-_A5N#7O,(#V^?\ KG(&_3@U
MR=M<$V%S<7";)+:WF>5,_=>-3D?]]"GVI9[ 37+JGEV_G3/CA<+D\5SQQ^-B
MU=:MM6\T:.A1:?DKG=P7UO<':CX?NC##?D:L5P5K>S-;1-*G#*&,<AR4]@>Q
M^E;=GK#1*"[-) /O$\O']?[P]Z]'"9M"J^2>C.:KA)05T=%138Y$EC5T8,K#
M((/44ZO7.0**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHI@%%%%(
MHHHH *#THK+\0:C_ &9HT]PHS)C;&OJQX _.IG-0BY/H.*N['.^(-3;5+UM-
MA<BTA/\ I#*?]8W]SZ>OX>M5GMV:P9H'1"C RLW_ "QB R6"C[W3&.V:=H]@
M45%DA>X13F9EZLQZG\^:?<L=,G1HA*LNX;8RN=RDXW!NZCN#R*^7;J5YO$37
M-!=/+NKZ>AZ:4:<?9IV;_JQ6CG6:S@=S)!-"ZW5O\N7 )P1C/1AG\1[4R(7
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBBF 4444@"BBB@ KDO%\OF
M7>FVG\)D:9O^ CC]<5UM<=XG_P"1@LR>UO)C_OI:X,RDXX:31OAE>HKE:&YE
M@#!&RC?>1N5-03[[F]69^4C7$*LQ8QD_>P3V.%_*G45\8L355-TN;W3VO90<
MN:VIN^&_]9<?[J_UK7NXX=0L[RRW [HS$X]-R_X&LCPW_K+C_=7^M.TR8_\
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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M6HYZ.(5/XQU%8ZPFD+)(]K<W._ "VZ@GOSR1Q6>MY)>:_?:D+6>V21HO+6<
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M8Q45:*L8MMZL****8@HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
MF M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !
M1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%
M%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444
84 %%%% !1110 4444 %%%% !1110!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
