– USA, NY – Medallion Financial Corp. (NASDAQ: MFIN) today announced the appointment of Bob Meyer to its Board as an independent director, effective immediately, expanding the Board to eight members, five of which are independent directors.
“We are pleased to have Bob join the Medallion Financial board. His pedigree is impressive and his experience has been extremely helpful in driving the oversight, growth, and success of our consumer business with Medallion Bank over the past five years. We look forward to Bob helping us drive strategy, performance and shareholder value,” said Chairman and CEO, Alvin Murstein.
Mr. Meyer will join the Audit Committee, Compensation Committee, and Nominating and Governance Committee.
About Bob Meyer
Mr. Meyer has had a 47-year career in banking. Most recently, he served as EVP and Chief Commercial Lending Officer at Valley National Bancorp from 1997 until his retirement in 2016. Valley National Bancorp, based in Wayne, NJ, had approximately $20 billion of assets at the time of his retirement. Prior to that Mr. Meyer served as President and CEO of Midland Bancorp/Midland Bank and Trust Company from 1991 to 1997 and President and CEO of Broad Street National Bank and First Jersey National Bank/Central from 1985 to 1988.
Mr. Meyer has served as an independent member of the Medallion Bank Board of Directors since 2016, including as a member of the Audit Committee since 2019. Medallion Bank is a wholly-owned subsidiary of Medallion Financial.
Mr. Meyer holds a bachelor’s degree and a master’s degree from Montclair State College and an M.B.A. from the University of Miami.
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 $9 billion since its initial public offering in 1996.
For more information: http://www.medallion.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
