Medallion Financial Corp. announced that its Board of Directors has appointed Robert (Bob) M. Meyer as an independent director, effective immediately. Mr. Meyer’s appointment expands the Board to eight members, five of which are independent directors. Mr. Meyer will be a member of the Company’s Audit Committee, Compensation Committee, and Nominating and Governance Committee. Mr. Meyer has had a 47-year career in banking. Most recently, he served as Executive Vice President and Chief Commercial Lending Officer at Valley National Bancorp from 1997 until his retirement in 2016. Valley National Bancorp, based in Wayne, NJ, had approximately $20 billion of assets at the time of his retirement.