Medallion Bank, an FDIC-insured bank providing consumer loans for the purchase of RVs, boats and home improvements, along with loan origination services to fintech strategic partners, announced the appointment of Joel Cannon as senior vice president of sales and marketing.
The bank is a wholly owned subsidiary of Medallion Financial Corp.
Cannon 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, Cannon 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. Cannon 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.”
Cannon’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, the company said.
“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 Cannon. “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.”
