Medallion Financial Corp., New York, a finance company for purchasing taxicab medallions, has hired Allen S. Greene as chief operating officer.

He succeeded Andrew Murstein, Medallion's president, who will devote more time to potential acquisitions and marketing strategies.

Mr. Greene was president and chief executive officer of Ryan Beck & Co., the Livingston, N.J.-based securities and investment banking firm. Before that he was president and CEO of VSB Bancorp and its Valley Savings Bank in Closter, N.J.

Mr. Greene had been a director of Tri-Magna Corp. and Medallion Funding Corp., which merged last year to create Medallion Financial.

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