Medallion to Sell Lending Unit to Merrill Lynch for $20 mln

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00010309-medallion-to-sell-lending-unit-to-merrill/

Medallion Financial Corp. on Wednesday said it agreed to sell its business lenders division to a Merrill Lynch subsidiary in a deal worth about $20 million.

The business lenders division makes government-backed small business loans in 35 states and manages about $120 million in loans, Medallion said in a statement.

For this complete story, please visit Medallion to Sell Lending Unit to Merrill Lynch for $20 mln.

Medallion to Sell Lending Unit to Merrill Lynch for $20 mln

Unknown Author

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