Medallion Bank Announces Executive Promotions
Medallion Bank (Nasdaq: MFIN) announced executive promotions effective January 12, 2026: Justin Haley was promoted to President of the Bank and Travis Betenson was promoted to SVP and Chief Financial Officer.
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Rhea-AI Summary
Medallion Bank (Nasdaq: MFIN) announced executive promotions effective January 12, 2026: Justin Haley was promoted to President of the Bank and Travis Betenson was promoted to SVP and Chief Financial Officer. Haley, with more than 30 years of banking experience, joined the Bank in November 2011 and previously served as EVP and CFO; he led IT insourcing and completed the Bank’s first public preferred stock offering. Betenson, with over 15 years of banking leadership, joined in January 2024 and will report to Haley. Both appointments support the Bank’s executive continuity under CEO Donald Poulton.
Positive
- Promotions effective Jan 12, 2026 provide clear leadership continuity
- Justin Haley: 30+ years banking experience and internal succession from CFO to President
- Justin Haley led IT insourcing and the Bank’s first public preferred stock offering
- Travis Betenson: 15+ years banking leadership and internal promotion to CFO
Negative
- None.
Details
News Market Reaction – MFIN
On Jan 13, the first trading day after this news, MFIN closed 0.59% below the previous close.
Data tracked by StockTitan Argus for the Jan 13 session.
Key Figures
- Effective date
- January 12, 2026
- Date promotions to President and CFO became effective
- Haley experience
- More than 30 years
- Industrial, community and regional banks experience
- Joined Medallion Bank
- November 2011
- Haley hired as VP of Home Improvement Lending
- COO appointment
- 2015
- Haley became SVP and Chief Operating Officer
- CFO appointment
- 2021
- Haley appointed EVP and Chief Financial Officer
- Betenson experience
- More than 15 years
- Banking leadership experience prior to Medallion Bank
- Betenson start date
- January 2024
- Joined Medallion Bank as VP of Finance
- Preferred CFO roles
- Two banks
- Previously CFO of First Electronic Bank and Milestone Bank
Historical Context
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Announcement of participation in two investor conferences with webcast access.
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Management presenting at Piper Sandler financial services conference.
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Reported higher ex-charge net income, loan growth, and declared dividend.
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Medallion Bank posted higher net income and declared Series G preferred dividend.
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Planned CEO succession with emphasis on continuity and prior record earnings.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
fdic-insured regulatory
preferred stock financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
SALT LAKE CITY, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Medallion Bank (Nasdaq: MBNKO, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, is pleased to announce Justin Haley’s promotion to President of the Bank and Travis Betenson’s promotion to SVP and Chief Financial Officer. Both appointments were effective January 12, 2026. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).
Mr. Haley has more than 30 years of experience in industrial, community and regional banks. He joined the Bank in November 2011 as its VP of Home Improvement Lending, bringing with him the team that built and operated that business line. He became the Bank’s SVP and Chief Operating Officer in 2015 and led the insourcing of the Bank’s information technology functions along with completing the Bank’s first public preferred stock offering. In 2021, Mr. Haley was appointed EVP and Chief Financial Officer. Mr. Haley will continue to report to Chief Executive Officer Donald Poulton.
Mr. Betenson joined the Bank in January 2024 as VP of Finance and was promoted to SVP of Finance later that year. He has more than 15 years of banking leadership experience, having previously served as Chief Financial Officer for two of Utah’s industrial banks, First Electronic Bank and Milestone Bank. In addition to his professional roles, Mr. Betenson serves as a board member for Junior Achievement of Utah, supporting youth financial literacy and education initiatives. Mr. Betenson will continue to report to Mr. Haley.
“This is an exciting time for Medallion Bank,” said Donald Poulton, Chief Executive Officer. “When Justin joined us in 2011, it was immediately clear that he possessed the knowledge, work ethic and leadership skills to one day serve as its President. The ability to elevate Justin into this new role started coming together two years ago with the addition of Travis Betenson, whose experience and expertise positioned him perfectly to succeed Justin as Chief Financial Officer. Justin and Travis collaborate seamlessly, and along with Steve Hannay, our Chief Lending Officer, they form the strong executive core driving the Bank’s continued growth and success.”
About Medallion Bank
Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). For more information, visit www.medallionbank.com.
| Contacts: | |
| Investor Relations: | Ken Cooper |
| investorrelations@medallion.com | |
| Public Relations: | Christopher Liechty |
| cliechty@medallionbank.com |
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