Market Overview

Medallion Financial Corp. to Report Second Quarter Results on Monday, August 13, 2018

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Medallion Financial Corp. (NASDAQ:MFIN, "Medallion" or the "Company"))
announced today that it will report its second quarter 2018 results
after the market closes on Monday, August 13, 2018. A conference call to
discuss the financial results will be held on Tuesday, August 14, 2018
at 8:30 a.m. Eastern time.

If you have a question for management that you would like answered on
the call, please submit your question to
investorrelations@medallion.com
prior to the start of the call.

The dial-in number for the conference call is (877) 407-0789 (toll-free)
or (201) 689-8562 (direct). Please dial the number 10 minutes prior to
the scheduled start time. A live webcast of the conference call will
also be available on Medallion Financial's website at http://www.medallion.com/investors.html.

A replay will be available following the end of the call through
Tuesday, August 21, 2018, by telephone at (844) 512-2921 (toll-free) or
(412) 317-6671 (direct), passcode 13682492. A webcast replay of the call
will be available at http://www.medallion.com/
for one year following the call.

About Medallion Financial Corp.

Medallion Financial Corp. is a specialty finance company that
originates and services loans in various industries, and its
wholly-owned subsidiary, Medallion Bank, also originates and services
consumer loans.
The Company and its subsidiaries have lent
approximately $7 billion to small businesses since the Company's initial
public offering in 1996.

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