Medallion Bank #9 Car

One of the determiners of a bank’s structure and focus is its charter. Medallion Bank has what is called an industrial bank charter and that charter allows us to be owned by a non-bank (in our case Medallion Financial, a specialty finance company). Non-bank specialty finance companies, to nobody’s surprise, own lots of non-bank businesses. […]

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In 2007, I worked for a community bank with a long history of high performance. At the time, I was running the only national business line, the home improvement finance business. Competition was pretty fierce but our volumes were growing steadily. Most of the water cooler chatter in my circles was about loan sales to keep the […]

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Markets change. After long periods of stability, one or more entrepreneurial disrupters enters the market and puts its stamp on an industry. Some of the old guard will fade away, some will adapt, and the new guard will take control. Eventually, after some time passes, the new guard becomes the old guard and the market is […]

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It’s been a month’s hiatus from the blog and Sarah and I have itchy typing fingers. Happy New Year! We expect to have a busy 2015. Not only will we grow substantially – thanks to our contractors – we will be starting and completing projects that should continue to improve our performance. But what is […]

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If you were a fly on the wall in our offices, you’d hear the word fit somewhat regularly. Sometimes, it’s because we’re talking about how we wish we exercised more, e.g., “I sure wish I were more fit!” Most of the time, however, we’re talking about whether or not a contractor, vendor or potential new […]

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If you have younger kids, you may have seen the TV show Word Girl. One of the villainous characters is called Lady Redundant Woman. Lady Redundant Woman obtained the powers of duplication when she was fused with a copy machine. As you might expect, she often speaks in redundancies. Why this education in unusual children’s […]

We’ve been silent for awhile on the subject of lending discrimination and the CFPB, but that doesn’t mean the rest of the lending world stopped talking about it. Today, for example, Toyota Credit announced that it has been accused of discrimination by the CFPB and the Justice Department. Like most of the recent claims against […]

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Today is Taco Tuesday in the office. Sarah and Sean are bringing the goods and we’re going to eat well for lunch. Since my normal lunch fare is fully processed and vacuum sealed, this is a big step up! Being Taco Tuesday, of course I think of The Lego Movie and President Business scheming to take […]

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Loyal customers are an advantage that everyone loves to have. They are an off-the-payroll group of advocates for the work that you do and the value you provide. As such, they deserve to be recognized and (sometimes) rewarded, regardless of the scale. If you are thinking about doing so, consider the following ways: Say Thank […]

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When I was an undergraduate at the University of Washington, I encountered a phenomenal teacher in one of the undergrad history surveys. That experience prompted me to take more history courses and, eventually, I earned a degree in history. While I wouldn’t call myself a history buff, I’m quite aware of the many benefits of history awareness, particularly […]

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