Medallion Bank Enters Into Strategic Relationship with rFinance Credit Company
Medallion Bank adds rFinance as its sixth fintech partner, expanding home improvement loan origination tied to Renewal by Andersen products.
Rhea-AI Summary
Medallion Bank (subsidiary of Medallion Financial Corp., MFIN) has entered a strategic relationship with rFinance Credit Company to provide consumer financing for Renewal by Andersen replacement window and door products across the United States.
Under the arrangement, Medallion Bank originates the consumer loans, while rFinance administers the program and manages the customer experience from application through servicing. This is the Bank’s sixth fintech partner in its strategic partnership program. Total strategic partnership loans originated reached $417 million year-to-date through June 30, 2026, and the Bank continues to evaluate additional partnership opportunities.
Positive
- Strategic partnership loans originated reached $417 million year-to-date through June 30, 2026
- rFinance becomes the sixth fintech partner in Medallion Bank’s strategic partnership program, supporting further diversification
Negative
- None.
Key Figures
- Strategic partnership loans
- $417 million
- Year-to-date through June 30, 2026
- Fintech partners
- Six
- Bank strategic partnership program
Historical Context
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Strategic partnership originations reached $247.1 million as loan originations increased 63%.
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Strategic partnership originations increased 47% to $247.1 million in Q2.
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
loan origination financial
captive finance financial
loan servicing financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Program Provides Consumer Financing for Renewal by Andersen® Products Nationwide
SALT LAKE CITY, Sept. 22, 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, as well as loan origination and captive finance services to fintech strategic partners, today announced a strategic relationship with rFinance Credit Company (“rFinance”). The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).
rFinance is a financial technology company specializing in consumer financing solutions for the purchase of replacement window and door products and services from Renewal by Andersen retailers. Under this relationship, Medallion Bank originates consumer loans, while rFinance administers the loan program and manages the customer experience from application through servicing.
The relationship represents the sixth fintech in the Bank’s strategic partnership program, which continues to be an important driver of growth and diversification for the Bank. Total strategic partnership loans originated increased to
“We are pleased to establish this relationship with rFinance, a recognized leader in consumer financing for Renewal by Andersen customers,” said Justin Haley, President and CEO of Medallion Bank. “This relationship adds the proven rFinance team to our strategic partnership program while building on the Bank’s 15 years of home improvement lending expertise. Together, we are expanding our ability to originate consumer loans at scale.”
“Our relationship with Medallion Bank enables rFinance to deliver an exceptional, seamless financing experience for homeowners,” said Karl Halling, President of rFinance. “As the program administrator, rFinance manages the entire customer journey, from application through servicing, enabling homeowners to receive a consistent, transparent experience at every step. This relationship allows us to pair Medallion Bank’s strong lending platform with rFinance’s customer-focused approach, creating a financing experience as transformative as the home improvements it supports.”
About Medallion Bank
Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements at the point of sale, as well as loan origination and captive finance 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). The Bank’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, trades on the Nasdaq Capital Market under the ticker symbol “MBNKO.”
For more information, visit www.medallionbank.com
Investor Relations: investorrelations@medallion.com
About rFinance Credit Company
rFinance delivers consumer financing solutions that help homeowners bring their home improvement projects to life. Based in Oak Park Heights, Minnesota, rFinance provides financing for the purchase of replacement window and door products and services from by Renewal by Andersen retailers across the United States. As a program administrator working with bank lenders, rFinance manages the complete consumer financing experience, from initial application to ongoing loan servicing. rFinance’s mission is to help homeowners say “yes” to their projects by providing accessible, transparent, and affordable financing options that empower borrowers to move forward with meaningful home improvements and invest in their homes with confidence.
For more information, visit www.rFinance.com/rFinanceCredit
