Author Archives: Justin Haley

Interview with C Michael Exteriors, Part Two

C Michael Exteriors is a family-owned home improvement contracting business run by Bill and Cyndy Bergmann in Missouri. They have a long history in the industry and are dedicated to running their business the right way. Sarah (Marketing) and Tim (Sales) from Medallion Bank sat down with them to discuss their business history, their experience […]

Interview with C Michael Exteriors, Part One

C Michael Exteriors is a family-owned home improvement contracting business run by Bill and Cyndy Bergmann in Missouri. They have a long history in the industry and are dedicated to running their business the right way. Sarah (Marketing) and Tim (Sales) from Medallion Bank sat down with them to discuss their business history, their experience […]

An available chair when the last note sounds

With the Dow down more than 1,000 points as I type, and almost 3,000 points down from its peak a few months ago, is it time to panic? Probably not. It’s been a long time since we had a market correction. Bulls can’t run forever and the economy really does seem to be healthy. This hack […]

Will we eventually need John Connor?

One of our active projects is building a replacement for our online contractor portal. Until now we’ve used an off-the-shelf portal offered by our primary systems vendor. That portal works but it isn’t keeping pace with the technology-focused companies disrupting the consumer lending world. The release of our new portal in Q3 is only the first step of many. But it […]

Lies and statistics

You may recognize the title to this post as part of a famous quote popularized by Mark Twain. There are two key words missing from the quote, but this is a family friendly blog, so…. Let’s establish up front that I’m a big fan of marketing. Especially today, where marketing is truly data-driven and often plays […]

Have you seen us at the races?

This year we’ve had the pleasure of working with our sister company – Richard Petty Motorsports – to sponsor a handful of races in the NASCAR Sprint Cup Series. If you’ve watched any of the early races, you may have seen Sam Hornish, Jr. driving the Number 9 car with Medallion Bank colors and branding. […]

Just desserts: top line versus bottom line growth

If you are a home improvement contractor, it is fair to say that you are a fan of growth. We’re all a bit like kids at lunch comparing desserts – bigger is better, more dessert is superior to less dessert. In banking circles, we compare ourselves to one another by asset size. Contractors gravitate toward revenue comparisons […]

The big thing AFTER the next big thing?

Covered at Web Urbanist (links original): Developed by CoeLux in Italy, this new form of artificial light is able to dupe humans, cameras and computers alike using a thin coating of nanoparticules to simulate Rayleigh scattering, a natural process that takes place in Earth’s atmosphere causing diffuse sky radiation. Far beyond simply making lights brighter or bluer, […]

Something new and different: NASCAR!

One of the determiners of a bank’s structure and focus is its charter. Medallion Bank has what is called an industrial bank charter and that charter allows us to be owned by a non-bank (in our case Medallion Financial, a specialty finance company). Non-bank specialty finance companies, to nobody’s surprise, own lots of non-bank businesses. […]

Second verse, same as the first?

In 2007, I worked for a community bank with a long history of high performance. At the time, I was running the only national business line, the home improvement finance business. Competition was pretty fierce but our volumes were growing steadily. Most of the water cooler chatter in my circles was about loan sales to keep the […]