Prepared By R.R. Donnelley Financial -- Form 8-K

UNITED STATES

SECURITES AND EXCHANGE COMMISSION

Washington D.C., 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date Of Report (Date Of Earliest Event Reported): 11/05/2004

Medallion Financial Corp.

(Exact Name of Registrant as Specified in its Charter)

Commission File Number: 0-27812

DE		04-3291176
(State or Other Jurisdiction Of		(I.R.S. Employer
Incorporation or Organization)		Identification No.)

437 Madison Avenue 38th Floor

New York, NY 10022

(Address of Principal Executive Offices, Including Zip Code)

(212) 328-3615

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))

Items to be Included in this Report

Item 8.01. Other Events

On November 5, 2004, Medallion Financial Corp. (the "Company") mailed a Letter to Stockholders regarding the Company's common stock repurchase program.

A copy of the Letter to Stockholders is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Signature(s)

Pursuant to the Requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.

		Medallion Financial Corp.


Date: November 05, 2004.	By:	/s/ Larry D. Hall
		Larry D. Hall
		Chief Financial Officer

Exhibit Index

EX-99.1 2 rrd56967_1657.htm LETTER TO STOCKHOLDERS, DATED NOVEMBER 5, 2004. MEDALLION FINANCIAL CORP MEDALLION FINANCIAL CORP.

437 Madison Avenue, 38th Floor

New York, New York 10022

November 5, 2004

Dear Stockholder:

On November 3, 2004, the Board of Directors authorized management to repurchase up to $10,000,000 of Medallion Financial Corp. (the "Company") common stock, par value $0.01 per share (the "Common Stock"). Previously, on November 4, 2003, the Board of Directors authorized an initial repurchase of up to $10,000,000 of the Company's Common Stock.

This additional authorization increases the Company's stock repurchase program (the "Repurchase Program") to a total of $20,000,000 in Company Common Stock. Under the terms of the Repurchase Program, the Company may repurchase its Common Stock in the open market from time-to-time as detailed below.

Pursuant to the Repurchase Program and applicable securities laws and regulations, the additional $10,000,000 authorization under the Repurchase Program will commence no earlier than the thirtieth (30th) calendar day following the mailing date of this notice, and is expected to conclude on the one hundred eightieth (180th) calendar day following the commencement of the program. If the Company has not repurchased the additional $10 million of Common Stock at the end of that period, the Company may extend the term of the Repurchase Program for an additional repurchase period or periods, until the Company has repurchased up to that total amount authorized under the Repurchase Program.

The Company and its Board of Directors believe the Repurchase Program is a productive and valuable use of capital. Thank you for your continued and steadfast support of our Company.

Sincerely,

/s/ Alvin Murstein

Alvin Murstein

Chairman of the Board of Directors

and Chief Executive Officer

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Exhibit No.		Description
EX-99.1		Letter to Stockholders, dated November 5, 2004.