Medallion Financial hired John Taylor as SVP, Strategic Partnerships/Business Development for Medallion Bank.
Taylor will oversee a new division that will handle the build-out of the bank’s Strategic Partnership program and development of partner relationships.
Taylor joins Medallion Bank from First Electronic Bank, where he served as president and chief executive officer starting in 2013. During his tenure at FEB, Taylor focused on diversifying FEB’s revenues by launching several new strategic partnership programs. Prior to his time at FEB, he was president and chief executive officer of CIT Bank from 2009 to 2013, and chief financial and compliance officer from 2000 to 2009.
“We are excited to bring John onboard as we continue to expand our activities at Medallion Bank by entering into exciting new and profitable business lines, and continue to diversify away from the medallion business,” stated Andrew Murstein, president of Medallion Financial, parent company of Medallion Bank. “As the banking landscape evolves toward partnerships between banks and technology companies, we look forward to exploring opportunities in that evolution that will allow us to advance the bank and create additional future value for our shareholders.”
Taylor will be based in Medallion Bank’s offices in Salt Lake City.
.
