Meta Financial Group Inc is the holding company for MetaBank and is based in Sioux Falls, South Dakota. The firm provides banking and financial services to under-served niche markets within the United States. Founded in 1954, its aim is to disrupt traditional banking norms by developing partnerships with fintechs, affinity groups, government agencies and other banks, in order to make a range of quality financial products and services available within the communities that need them most.
The bank’s operating segments include Consumer, Commercial and Corporate Services/Other. It is engaged in the provision of solutions for a wide variety of businesses and is primarily involved in attracting deposits and investing those funds in its loan and lease portfolios. The bank also provides various other financial products and solutions to business and consumer customers, including tax refund advance loans, consumer credit loans and pre-paid cards.
MetaBank is known for originating loans and leases, and for occasionally contracting to sell loans to third-party buyers. The bank also buys and sells loan participations, mortgage-backed securities and other investments, working with other financial institutions. Meta Financial Group is listed on the NASDAQ GS, where it trades under the CASH stock ticker.
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