MetaBank provides services that are financial towards the requirements of y our clients.
Whom We Have Been
Through our divisions, Our company is a trusted consultant to our lovers and customers supplying revolutionary solutions within the markets we provide. Our objective is ingrained in everything we do.
Our company is a frontrunner in supplying solutions that are financial clients and companies in underserved, niche markets. We South Dakota payday loans have confidence in monetary addition for many.
We provide people who tend to be ignored by old-fashioned banking institutions. We think that everybody else deserves to possess usage of the types of lending options that a lot of individuals ignore. Our company is a frontrunner in supplying lower-income people access to lending options and solutions. From grocery time to payday to tax day, our services and products act as a main deal account for several underbanked clients. Our items offer use of the system that is financial provide exact same form of features, functionality, and security as conventional banking items.
Our funding assists entrepreneurs develop their aspirations from the walk out, assists company in times during the growth in addition to full years that follow, and navigate through turbulent times. Along with assisting consumers, our workers are active volunteers in the neighborhood and show monetary literacy to grownups and families in need of assistance, assisting them to help make sound economic choices.
MetaBank ended up being started on a rather premise that is simple take care of our workers and clients. A cash box and a borrowed vault on a February morning in Storm Lake, Iowa in 1954, Stanley Haahr opened the doors with nothing more than a desk. The entire world of banking changed a great deal ever since then, but we you will need to always hang on to StanleyвЂ™s credo that is simple of care of individuals. Doing the right thing. It is whom our company is and that which we do.
In 2004, prepaid industry leader Brad Hanson approached previous MetaBank CEO Tyler Haahr by having a eyesight for an innovative new type of bank. Together, they created the Meta Payment Systems unit. In a couple of brief years, we became a top collaborator with market-leading lovers plus one associated with top credit card providers within the prepaid industry. We continue steadily to push the forefront of re re payments even as we concentrate on prepaid cards, charge cards, electronic funds transfer and ATM sponsorship.
2014 marked the start of an active mergers and purchase duration. We acquired AFS/IBEX in December 2014. The entry was marked by this acquisition of MetaBank in to the insurance coverage premium finance industry. Our strategy would be to particularly develop our loan profile by leveraging the low-cost deposits introduced by the prepaid unit.
The acquisition that is next 11 months later on in September 2015. We joined a brand new chapter in our history because of the acquisition of Refund Advantage. Our tax unit provides interest-free reimbursement advances and taxation refund-transfer solutions. It offers a circulation channel for the other solutions.
We proceeded to buy the income tax industry with two purchases in 2016: EPS Financial in and Specialty Consumer Services in December november. Those two purchases offered expanded publicity within the income tax area. These generally include taxation refund-transfer solutions, interest-free reimbursement advance loans and electronic return originator loans.
Of late, in August 2018, we finished our purchase of Crestmark Bancorp, Inc. and Crestmark Bank. This purchase expanded the scale and reach associated with company into supplying business-to-business financing that is commercial such as for instance asset-based lending, factoring, equipment funding and renting, along with SBA/USDA financing. These initiatives give a great chance for future development.
Why is us various? A few things: driving innovation and change that is leading. WeвЂ™re passionate about monetary success for many individuals utilizing innovative and products that are innovative solutions. Exactly exactly What began as being a $10,000 investment in 1954 has developed to a complex ecosystem that is financial objective is economic addition for many.