Our Deposits Don’t Run

What many people may not know is that Medallion Bank also has a specialized deposit model. We do not have any brick-and-mortar branches and we do not offer demand deposits, such as checking or savings accounts. The deposits that fund our loans are CDs held for specified terms, meaning they cannot be withdrawn before maturity. This makes our deposit base very stable and not susceptible to the classic bank run.    

The leadership at Medallion Bank is also very long-term oriented. They understand that the economy will always have its ups and downs, and they plan for them. So, through all economic cycles, Medallion Bank is in the market to support you and your customers and to fund your loans. Between our Sales, Customer Success, and Lending Teams, we offer transparency, lending knowledge and service levels that lead the industry. In short, we’re here to support your business, even when the market trends downward.

We look forward to working with you in 2023, supporting you with the steady programs and processes you have become accustomed to at Medallion Bank.