Medallion Bank, a bank providing consumer loans for the purchase of recreational vehicles, boats and home improvements, has announced the promotion of Justin Haley to president of the Salt Lake City-based institution.
Concurrent with Haley’s appointment, Travis Betenson replaces Haley as senior vice president and chief financial officer. Both appointments were effective Jan. 12.
Medallion Bank works directly with thousands of dealers, contractors and financial service providers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank and is a wholly owned subsidiary of Medallion Financial Corp. of New York City.
Haley has more than 30 years of experience in industrial, community and regional banks. He joined Medallion Bank in November 2011 as vice president of home improvement lending. He became the senior vice president and chief operating officer in 2015 and led the insourcing of the bank’s information technology functions along with completing the bank’s first public preferred stock offering. In 2021, he was appointed senior vice president and chief financial officer. Haley will continue to report to CEO Donald Poulton.
Betenson joined Medallion in January 2024 as vice president of finance. He has more than 15 years of banking leadership experience, having previously served as chief financial officer at two other Utah industrial banks.
“This is an exciting time for Medallion Bank,” said Poulton. “When Justin joined us in 2011, it was immediately clear that he possessed the knowledge, work ethic and leadership skills to one day serve as its president. The ability to elevate Justin into this new role started coming together two years ago with the addition of Travis Betenson, whose experience and expertise positioned him perfectly to succeed Justin.”