– USA, NY – Medallion Financial Corp. (Nasdaq: MFIN) today announced the election of Cynthia Hallenbeck to its Board as an independent director, bringing the number of directors to seven members, a majority of which are independent.
“We are delighted Cynthia has joined Medallion Financial’s Board of Directors,” said Andrew Murstein, President of Medallion Financial. “Cynthia brings significant business and accounting expertise with over 30 years of substantial financial management experience in both the private and public sector. We look forward to Cynthia’s unique perspective as we further strengthen and diversify our Board.”
About Cynthia Hallenbeck
Ms. Hallenbeck currently serves on the Clinton Health Access Initiative board of director’s audit committee and the boards of directors for both the Wellspring Foundation and the Diabetes Training Camp Foundation. Ms. Hallenbeck served on both the audit and compensation committees of the Walker & Dunlop, Inc. board of directors, having joined the board in December 2010 and serving as a director through 2019. During her tenure, she chaired the audit committee from the company’s initial public offering through 2015. Ms. Hallenbeck is the CEO of Alercyn, Inc., a private consulting firm that she founded in 2010, where her most significant engagement was as the acting CFO of the Conservation Law Foundation from June 2018 thru December 2019. Prior to this, Ms. Hallenbeck served as to the interim CFO for Facing History and Ourselves from November 2017 until June 2018. Ms. Hallenbeck also served as the CFO of the Environmental Defense Fund, Inc. from 2014 to 2016. Throughout her career, Ms. Hallenbeck has served in varying leadership roles including serving as the CFO of Citigroup, Inc.’s corporate treasury department from 2002 to 2005 and held other significant positions including COO of global legal support from 2007 to 2008. Prior to her service with Citigroup, Ms. Hallenbeck spent over 14 years at Merrill Lynch & Co., Inc. in a variety of finance, treasury, and accounting roles including Treasurer of its global futures business and CFO of its securities financing group.
Ms. Hallenbeck has an M.B.A. with distinction from the Harvard Business School and received her B.A. from Smith College. Ms. Hallenbeck is an acknowledged veteran of both public and nonprofit executive management teams and a recognized financial expert on the audit committees of several organizations.
About Medallion Financial Corp.
Medallion Financial Corp. is a finance company that originates and services loans in various industries, and its wholly-owned subsidiary, Medallion Bank, also originates and services consumer loans. Medallion Financial Corp. has lent more than $8.9 billion since its initial public offering in 1996.
For more information: http://www.medallion.com
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