The coupon will be fixed at 8% until 4/1/2025 after which it will float at the rate of 3 month SOFR, plus a spread of 6.46%.
Medallion Bank is a division of Medallion Financial
We show no prospectus below because the bank files through the FDIC and one must go to that site and search for the prospectus
https://efr.fdic.gov/fcxweb/efr/index.html
https://efr.fdic.gov/fcxweb/efr/index.html
MBNKP
MFIN
NA
12/10/2019
04/01/2025
None
1,600,000
240,000
8.00%
$25.00
No
Yes
0.50
JAN, APR, JUL, OCT
1