Medallion Bank Announces Leadership Promotions: Justin Haley Named President and Travis Betenson as SVP and CFO

Medallion Bank announced promotions for Justin Haley as President and Travis Betenson as SVP and CFO, effective January 12, 2026.

Quiver AI Summary

Medallion Bank, an FDIC-insured institution specializing in consumer loans for recreational vehicles, boats, and home improvements, has announced the promotion of Justin Haley to President and Travis Betenson to Senior Vice President and Chief Financial Officer, effective January 12, 2026. Haley, who has over 30 years of banking experience, joined the Bank in 2011 and has held various leadership roles, while Betenson, who joined in January 2024, has significant experience as a CFO in other banks. CEO Donald Poulton expressed confidence in their capabilities to drive the Bank's growth and success. Medallion Bank operates as a subsidiary of Medallion Financial Corp and works with numerous dealers and contractors across the U.S.

Potential Positives

Justin Haley's promotion to President and Travis Betenson’s promotion to SVP and Chief Financial Officer showcase the company's commitment to leadership continuity and expertise within the organization.
Both promoted individuals have extensive experience in the banking sector, which may enhance the bank's strategic decision-making and operational effectiveness.
These appointments are positioned as part of a broader strategy to drive growth and success for the bank, signaling confidence in future development and expansion.

Potential Negatives

Both promotions occur at a time when the banking industry is facing significant challenges and scrutiny, which may raise concerns about the stability and direction of the Bank under new leadership.
The lack of any mention of plans or strategies moving forward could create uncertainty among investors and stakeholders about the Bank's future direction and growth potential.

FAQ

Who were the key promotions at Medallion Bank on January 12, 2026?

Justin Haley was promoted to President, and Travis Betenson became SVP and Chief Financial Officer.

What is the primary business focus of Medallion Bank?

Medallion Bank specializes in consumer loans for recreational vehicles, boats, and home improvements.

When did Justin Haley join Medallion Bank?

Justin Haley joined Medallion Bank in November 2011 as VP of Home Improvement Lending.

What prior experience does Travis Betenson have?

Travis Betenson has over 15 years of banking experience and was CFO of two Utah-based banks.

How does Medallion Bank support financial literacy initiatives?

Travis Betenson serves on the board for Junior Achievement of Utah, promoting youth financial education.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

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Full Release

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
	[email protected]

Public Relations:	Christopher Liechty
	[email protected]