Materials
04/10/26 - Press Release: Medallion Financial Defaults on $73.5 million in SBA Debt — SBA Says It Lacks a Qualified Management Team. ZimCal Says It's No Surprise
Medallion Financial defaulted on $73.5 million in debt. Poor management and decision-making have led us to this point and could lead to catastrophic results. The board and management team continue to put themselves ahead of stakeholders.
03/06/26 - Press Release: Medallion Financial’s recent debt maturity is evidence of significant issues
Medallion Financial leadership and the board are making poor decisions and holding back the company. Valuations could be much higher with better leadership. The current path is unsustainable and the recent failed debt refinance is evidence of that.
02/03/26 - Press Release: How Medallion Financial is being held back from its huge potential
Medallion Financial leadership and the board are making poor decisions and holding back the company. Valuations could be much higher with better leadership. The current path is unsustainable.
02/19/25 - Press Release: “Is mediocrity good enough?” ZimCal asks Medallion Financial stockholders after 4Q24 bank earnings
4Q24 Medallion Bank earnings show downward trend. MFIN stock is down substantially. Stockholders should demand excellence, not mediocrity, from an enabling board and entrenched, overpaid management team.
01/06/25 - ZimCal urges board of Medallion Financial to start looking out for stakeholders and take steps to improve governance and as a result, increase investor interest and Company valuation.
Medallion Financial board must look out for stakeholders not management.
12/20/24 - Medallion Financial and Andrew Murstein apparently reach settlement in principle with the SEC with 02/25/25 effective deadline. 3 years after lawsuit filed and millions in legal expenses.
Medallion finally in conversations with SEC to settle lawsuit after wasting years and millions fighting.
08/20/24 - Press Release: ZimCal disturbed by Medallion Financial’s second quarter results.
ZimCal urges MFIN to take decisive risk-management steps immediately.