Medallion Financial Corp (NASDAQ:MFIN)

Medallion Financial Corp. is a bank holding company, which through its subsidiaries, engages in the provision of consumer loans, raises deposits, and other banking activities. It operates through the following segments: Consumer Lending; Commercial Lending; Medallion Lending; RPAC Racing, LLC (RPAC); and Corporate and Other. The Consumer Lending segment include recreation and home improvement lending that provides financial assistance to high-growth prime and non-prime consumer; and residential home improvements concentrated in swimming pools, solar panels, roofs, and windows. The Commercial Lending segment provides senior and subordinated loans nationwide to businesses. The Medallion Lending segment owns, manages, and finance taxicab fleets, taxicab medallions, and corporate car services. The RPAC segment focuses in the sponsorships and race winning activity. The Corporate and Other Investments segment comprises equity and investment securities as well as other assets, liabilities, revenues, and expenses not allocated to the other main operating segments. The company was founded by Andrew Mead Murstein in 1995 and is headquartered in New York, NY.