Medallion Bank is an FDIC-insured, Utah-chartered industrial bank headquartered in Salt Lake City. It operates across the United States, specializing in consumer financing for recreational vehicles, boats, and home improvements through a network of thousands of dealers, contractors, and financial service providers.
The bank offers two core product lines: point-of-sale consumer financing that allows buyers to fund major purchases at the time of sale, and Banking-as-a-Service (BaaS) lending programs that support strategic partners such as fintech companies in growing their loan origination capabilities while maintaining regulatory compliance. The bank's approach combines modern technology solutions with personalized customer service, with a stated aim to make the financing process an accessible and positive experience.
Medallion Bank's lending model emphasizes inclusive options, serving a broad range of customers, including those who may face credit challenges. Its activity spans the consumer lending, recreational vehicle, marine, home improvement, and fintech sectors.
