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In New York City, several capital banks provide medallion guarantees, primarily for taxi medallion financing. Notable banks include Melrose Credit Union, Dime Community Bank, and the New York City-based Sterling National Bank. These institutions have historically supported the taxi industry's medallion system, offering loans and guarantees to medallion owners. However, it's essential to verify current offerings, as the market and regulations can change.

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What Capital Banks in NYC participate in Medallion guarantee program?

As of my last knowledge update in October 2023, several banks in New York City participate in the Medallion guarantee program, primarily focused on taxi medallions. Notable institutions include the New York Community Bank (NYCB) and the Signature Bank. These banks provide financing options and guarantees for medallion owners, facilitating transactions in the taxi industry. However, it is essential to check current listings, as participation may change over time.


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