SALT LAKE CITY, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, the “Bank”), an FDI...







        

    



            

                Joel Cannon appointed Senior Vice President of Sales and Marketing






    
        
            February 04, 2026 16:05 ET
        

        
             | Source:
            

                Medallion Financial Corp.
            

        
    

    

    

    





        
SALT LAKE CITY, Feb.  04, 2026  (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, is pleased to announce the appointment of Joel Cannon as Senior Vice President of Sales and Marketing. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).  Joel brings to the Bank more than 20 years of leadership experience in consumer lending, performance marketing, and product development, having most recently served as SVP of Sales and Marketing at Regions Home Improvement Financing (formerly EnerBank USA). There he led a team of professionals across business development, account management, marketing, contractor training, and software product management, helping drive significant growth and innovation in contractor-based lending programs.  Prior to his banking career, Joel held leadership roles in product, sales, and marketing at an edtech software start-up and a performance marketing firm. He is a former board member of the Utah Bankers Association and a graduate of that association’s Executive Development Program. Joel is also deeply committed to community service, serving as a long-time volunteer and board member for People Helping People—a nonprofit organization focused on reducing childhood poverty by empowering low- to moderate-income individuals, primarily single mothers, to achieve their full potential in the workplace.  “We are thrilled to welcome Joel to Medallion Bank,” said Justin Haley, President. “Joel’s deep industry knowledge and experience, strategic mindset, and passion for building high-performing teams make him uniquely qualified to lead our sales and marketing efforts.”  Joel’s appointment underscores Medallion Bank’s commitment to maintaining its leadership position in recreation lending and growing its home improvement finance and strategic partnership businesses.  “I am impressed with the leadership team and culture at Medallion Bank, and am excited to lead the growth initiatives for both home improvement and recreation lending,” said Joel. “Our goal is to help contractors, dealers, partners, and borrowers succeed by providing flexible, innovative financing options that make home improvement and recreation purchases more accessible.”  About Medallion BankMedallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). For more information, visit www.medallionbank.com.  
            

MFIN

Medallion Bank Expands Leadership Team to Spearhead Growth

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>SALT LAKE CITY, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, the “Bank”), an FDI...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Medallion Bank has appointed Joel Cannon as Senior Vice President of Sales and Marketing, bringing over 20 years of consumer lending expertise. His leadership is expected to enhance growth strategies in both recreation and home improvement lending, fortifying Medallion’s market position ahead of increased consumer financing demands.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Joel Cannon appointed Senior VP of Sales and Marketing at Medallion Bank.</li><li>Cannon has 20+ years in consumer lending and performance marketing.</li><li>His leadership expected to enhance growth in recreation and home improvement lending.</li><li>Medallion focuses on innovative financing for contractors and borrowers.</li><li>Cannon&#039;s appointment strengthens Medallion&#039;s market leadership position.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Medallion Financial Corp. (MFIN)</strong>: Positive potential growth from new leadership.</li><li><strong>Regions Financial Corp. (RF)</strong>: Cannon&#039;s previous role may enhance networking opportunities.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it involves a key leadership appointment, likely influencing future strategy and operations of Medallion Financial Corp. Leadership changes often drive changes in corporate strategy and could impact financial performance.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Cannon’s experience may accelerate growth in Medallion&#039;s key financing segments.</li><li>Enhanced marketing strategies could positively affect consumer loan volumes.</li><li>Investor confidence may increase with a proven leader at the helm.</li><li>Potential strategic partnerships from Cannon’s network could drive revenues.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Joel Cannon has over 20 years of experience in consumer lending.</li><li>He previously led sales at Regions Home Improvement Financing.</li><li>Medallion Bank specializes in loans for recreational vehicles and home improvements.</li><li>Cannon’s focus includes increasing accessibility of financing for contractors.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>MFIN likely to benefit from Joel Cannon&#039;s appointment boosting growth; consider buying.</p>
  </section>
</section>


<article>
  <h2>Medallion Bank Strengthens Leadership with Joel Cannon's Appointment</h2>
  <p>SALT LAKE CITY, Feb. 4, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO), a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN), has announced the appointment of <strong>Joel Cannon</strong> as the new <strong>Senior Vice President of Sales and Marketing</strong>. With over 20 years of experience in consumer lending and performance marketing, Cannon is set to enhance the Bank’s commitment to providing innovative financing solutions.</p>
  
  <section>
    <h3>Leadership Experience and Background</h3>
    <p>Joel Cannon joins Medallion Bank following a successful tenure as SVP of Sales and Marketing at Regions Home Improvement Financing. In this role, he effectively led various teams focused on business development, account management, and marketing, fostering substantial growth in contractor-based lending efforts.</p>
    <p>Before his foray into banking, Cannon held key positions in product, sales, and marketing at an edtech software start-up and a performance marketing firm. His dedication to the finance community is evident through his previous involvement as a board member of the Utah Bankers Association and as a graduate of their Executive Development Program.</p>
  </section>
  
  <section>
    <h3>Commitment to Community and Innovation</h3>
    <p>Outside of his professional achievements, <em>Joel Cannon</em> is passionate about community service. He has served as a long-time volunteer and board member for People Helping People, a nonprofit organization dedicated to reducing childhood poverty and empowering low- to moderate-income individuals, particularly single mothers.</p>
    <p>“We are thrilled to welcome Joel to Medallion Bank,” said <strong>Justin Haley</strong>, President of Medallion Bank. “Joel’s extensive industry knowledge and strategic mindset make him well-suited to lead our sales and marketing initiatives.”</p>
  </section>
  
  <section>
    <h3>Strategic Goals for Medallion Bank</h3>
    <p>Cannon's appointment reflects Medallion Bank’s dedication to maintaining its leadership in <strong>recreational lending</strong> while expanding its home improvement finance opportunities and partnerships.</p>
    <p>In his new role, Cannon stated, “I am impressed with the leadership team and culture at Medallion Bank, and I am excited to lead growth initiatives for home improvement and recreation lending. Our goal is to help contractors, dealers, partners, and borrowers succeed by providing flexible, innovative financing options that make such purchases more accessible.”</p>
  </section>
  
  <section>
    <h3>About Medallion Bank</h3>
    <p>Medallion Bank specializes in consumer loans for recreational vehicles, boats, and home improvements. Additionally, it offers loan origination services to its <strong>fintech strategic partners</strong>. The Bank partners with thousands of dealers, contractors, and financial service providers across the United States, reinforcing its commitment to consumer financing.</p>
    <p>Headquartered in Salt Lake City, Medallion Bank is an FDIC-insured industrial bank dedicated to serving the financial needs of its customers and partners. For further information, visit <a href="http://www.medallionbank.com">www.medallionbank.com</a>.</p>
  </section>
</article>

Medallion Bank has appointed Joel Cannon as Senior Vice President of Sales and Marketing, bringing over 20 years of consumer lending expertise. His leadership is expected to enhance growth strategies in both recreation and home improvement lending, fortifying Medallion’s market position ahead of increased consumer financing demands.

Medallion Bank Expands Leadership Team to Spearhead Growth

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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