New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 21, 2014
09:32 EDTTAXIMedallion Financial acquires assets of Newark Funding Corp.
Medallion Financial announced that it has acquired the assets of Newark Funding Corp., a Newark, New Jersey taxi medallion loan brokerage company. Andrew Murstein, President of Medallion Financial stated, “We are very pleased with this acquisition because it helps further solidify our position as a medallion lending market leader. Newark is a great cab market due in part to the continued growth of the airport business through the years. This acquisition gives us a new customer base and enhances our street level presence there to service our existing customers better as well as add new ones."
News For TAXI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 1, 2014
08:45 EDTTAXIMedallion Financial unit launches exclusive repower financing program
Medallion Financial announced that its wholly-owned subsidiary Medallion Bank has launched an exclusive repower financing program with Mercury Marine. Under the terms of the program, Medallion Bank is Mercury Marine’s exclusive promotional partner for prime lending to consumers in the U.S. seeking to finance marine engines purchased from Mercury Marine’s dealer network of over 3,200 U.S. dealers. The company said, "With the launch of this program, along with the growth in our other consumer lines, we expect the consumer portfolio to grow by over 30% this year.”

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use