January 26, 2015 8:40 AM ET

Thrifts and Mortgage Finance

Company Overview of Meta Financial Group, Inc.

Company Overview

Meta Financial Group, Inc. operates as the holding company for MetaBank that offers various banking products and services to commercial, agricultural, and retail customers. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to the prepaid cards, which primarily include checking accounts and certificate accounts. The company’s loan portfolio comprises one-to-four family residential mortgage, commercial and multi-family real estate, agricultural operations and real estate, construction, and consumer and commercial business loans. It also issues prepaid cards and consumer cre...

5501 South Broadband Lane

Sioux Falls, SD 57108

United States

Founded in 1954

453 Employees

Phone:

712-732-4117

Key Executives for Meta Financial Group, Inc.

Chairman
Age: 51
Total Annual Compensation: $520.0K
President
Age: 50
Total Annual Compensation: $520.0K
Chief Financial Officer
Age: 52
Total Annual Compensation: $225.0K
Chief Operating Officer
Age: 54
Total Annual Compensation: $210.0K
Executive Vice President of Sales & Operations
Age: 46
Total Annual Compensation: $252.4K
Compensation as of Fiscal Year 2014.

Meta Financial Group, Inc. Key Developments

Meta Financial Group, Inc. Provides Preliminary Unaudited Earnings Guidance for the First Quarter Ended December 31, 2014

Meta Financial Group, Inc. provided preliminary unaudited earnings guidance for the first quarter ended December 31, 2014. The company's management expects to report net income for the three months ended December 31, 2014 between $3.5 million and $3.6 million, and between $4.7 million and $4.8 million excluding approximately $1.3 million ($0.85 million after tax) in net losses on sales of investment securities and approximately $0.5 million ($0.35 million after tax) in expenses related to the company's acquisition of AFS/IBEX Financial Services which occurred in the company's fiscal 2015 first quarter.

Meta Financial Group Seeks Acquisitions

Meta Financial Group, Inc. (NasdaqGS:CASH) is looking for acquisition opportunities. Meta Financial Group filed a prospectus supplement with the Securities and Exchange Commission under which it may sell up to $26 million of its common stock and intends to use the net proceeds for general corporate purposes, including capital support for organic growth, possible acquisitions of bank or nonbank entities and upcoming Basel III requirements.

Meta Financial Group, Inc., Annual General Meeting, Jan 26, 2015

Meta Financial Group, Inc., Annual General Meeting, Jan 26, 2015., at 13:00 Central Standard Time. Location: at main office located at 5501 South Broadband Lane. Agenda: To consider and vote upon the election of two directors, each for a three-year term; to approve by a non-binding advisory vote, the compensation of named executive officers; and to approve the amendment and restatement of the company 2002 Omnibus incentive plan to (a) include performance-based award provisions, and (b) extend the term of such plan for an additional five years.

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