Management ChangeJun 12, 2026, 06:32 AM
Medallion Bank CEO Donald Poulton to Retire; Justin Haley Appointed
AI Summary
Medallion Bank announced that its Chief Executive Officer, Donald Poulton, will retire effective June 30, 2026. Mr. Poulton will transition to the Bank's Board of Directors and serve as Chair of the Risk Committee. Justin Haley, who was promoted to President in January 2026, will succeed Mr. Poulton as CEO, effective July 1, 2026. This leadership change reflects the bank's strategic succession planning, with both leaders expressing confidence in the bank's continued growth and performance.
Key Highlights
- Donald Poulton will retire as CEO of Medallion Bank effective June 30, 2026.
- Mr. Poulton will join Medallion Bank's Board of Directors and chair the Risk Committee.
- Justin Haley, current President, will succeed Mr. Poulton as CEO effective July 1, 2026.
- Mr. Haley was promoted to President in January 2026 and has been with the bank since 2011.
- Medallion Bank currently has $2.6 billion of assets and an investment grade rating.
- Mr. Haley has 14 years of experience at Medallion Bank and over 30 years in banking.
- The transition is part of the company's long-standing commitment to thoughtful succession planning.
Price Impact
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