Medallion to Present at Financial Services Conference

NEW YORK, March 15 -- Medallion Financial Corp. , a specialty finance company with a leading position servicing the taxicab industry and targeted niche markets in commercial and consumer finance, will present at the 16th Annual Piper Jaffray Financial Services Investor Conference in New York on Wednesday, March 16th, 2005 at 1:55 pm. (EST).

The conference will be held at Le Parker Meridien located at 118 West 57th Street in the Mirus Room. Representing Medallion will be Andrew Murstein, President, Brian O'Leary, Chief Operating Officer and Larry Hall, Chief Financial Officer.

Medallion Financial Corp. is a specialty finance company with a leading position in the origination and servicing of loans financing the purchase of taxicab medallions and related assets. The Company also originates and services commercial and consumer loans financing small businesses and other targeted industries. The Company and its subsidiaries have lent over $2 billion to the taxicab and other targeted industries.