Alvin Murstein, Chairman
Alvin Murstein, the Chairman of the Board, has served on the Board of Medallion Bank since 2003 and as the Chairman of the board of directors of Medallion Financial Corp. since its founding in 1995 and as the Chief Executive Officer of Medallion Financial Corp. since 1996. Mr. Murstein brings to the Board of Medallion Bank over 60 years of experience in the ownership, management and financing of taxi medallions and other commercial businesses, as well as over 25 years of experience managing a public company. During his time in the industry, Mr. Murstein has been Chairman of the board of directors and Chief Executive Officer of Medallion Funding LLC, formerly Medallion Funding Corp., since its founding in 1979, and also currently serves, and has previously served, as officer and director of certain other wholly owned subsidiaries of Medallion Financial Corp. In addition to his work at Medallion Financial Corp. and its affiliates, Mr. Murstein also served on the board of directors of the Strober Organization, Inc., a building supply company, from 1988 to 1997. Mr. Alvin Murstein is the father of Mr. Andrew M. Murstein. Mr. Murstein holds a bachelor’s degree and an M.B.A. from New York University. He serves as a trustee of the not-for-profit Parker Jewish Institute for Health Care and Rehabilitation.