Medallion Bank, an FDIC-insured bank providing consumer loans for the purchase of RVs, boats and home improvements, is celebrating 20 years of specialty financing.
During this time, Medallion Bank has served RV and marine dealerships by offering financing options for consumers, including those who have credit challenges. Each year, Medallion Bank helps thousands of individuals and families buy RVs, boats and other recreation products. The bank said it has become the go-to lender for dealerships to easily manage the financing process with technology tools balanced with service.
Medallion Bank opened its doors in December 2003 and entered 2004 with $22 million in assets. The bank now has more than $2 billion in assets, with recreation lending representing the largest segment of the bank’s loan portfolio.
Its other lines of business include helping individuals and families finance home improvement projects and making other consumer loans through strategic partnerships with financial technology companies. Popular financed improvements include roofing, siding, kitchen and bath remodels, windows and outdoor living spaces.
For more information, visit www.medallionbank.com.
