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Get filing alertsMedallion Bank CEO Donald Poulton to retire June 30; President David Haley promoted
Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read
Key Changes
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Donald Poulton retiring as Medallion Bank CEO effective June 30, 2026, after planned succession; will join Medallion Bank Board July 1.
Item 5.02 verify on EDGAR → -
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David Justin Haley, current President of Medallion Bank, promoted to CEO effective July 1, 2026, maintaining continuity through internal succession.
Item 5.02 verify on EDGAR →
Summary
Medallion Financial disclosed a planned leadership transition at its banking subsidiary. Donald Poulton will retire as CEO of Medallion Bank on June 30, 2026, and immediately join the bank's Board of Directors, ensuring continuity of his institutional knowledge in a governance role.
His successor, David Justin Haley, is an internal promotion — Haley currently serves as President of Medallion Bank and will add the CEO title while retaining his existing responsibilities. For retail holders, this is a routine, orderly succession. Internal promotions typically signal operational stability and strategic continuity, as the incoming CEO is already embedded in the bank's day-to-day management.
Poulton's transition to the board further suggests confidence in the handoff. The disclosure contains no indication of disagreement, performance issues, or abrupt departure. Investors should monitor Medallion Bank's performance metrics in coming quarters to assess whether the transition proceeds smoothly, but the structure of this change points to business as usual.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 11, 2026, Mr. Donald Poulton notified Medallion Financial Corp. and Medallion Bank of his intention to retire from his position as Chief Executive Officer of Medallion Bank, effective June 30, 2026.
Donald Poulton is retiring as CEO of Medallion Bank effective June 30, 2026. This is a planned retirement rather than an abrupt departure, as evidenced by the orderly succession plan disclosed simultaneously.
Added in current filing · verify on EDGAR →
On June 11, 2026, the Board of Directors of Medallion Bank appointed Mr. David Justin Haley to succeed Donald Poulton and serve as the Chief Executive Officer of Medallion Bank, effective July 1, 2026. Mr. Haley will continue to serve as President of Medallion Bank.
David Justin Haley, currently President of Medallion Bank, will become CEO effective July 1, 2026. This internal promotion suggests continuity in leadership and strategy, as Haley is already familiar with the bank's operations.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On June 11, 2026, the Board of Directors of Medallion Bank appointed Donald Poulton to serve as a member of its Board of Directors, effective July 1, 2026.
Following his retirement as CEO, Poulton will join the Medallion Bank Board of Directors effective July 1, 2026. This transition suggests the company values his continued oversight and institutional knowledge in a governance role.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 29, 2026 · How we verify