Whom Our Company Is
Through our divisions, Our company is a advisor that is trusted our lovers and consumers supplying revolutionary solutions within the areas we serve. Our objective is ingrained in everything we do.
We have been a frontrunner in supplying solutions that are financial clients and companies in underserved, niche markets. We rely on economic addition for several.
We provide people that tend to be ignored by old-fashioned banking institutions. We genuinely believe that everyone else deserves to own use of the type or type of financial loans that a lot of individuals ignore. Our company is a frontrunner in supplying individuals that are lower-income to lending options and solutions. From grocery time to payday to tax day, our services and products act as a transaction that is primary for most underbanked clients. Our items provide use of the economic system and provide the exact same type of features, functionality, and security as conventional banking items.
Our funding assists business owners develop their hopes and dreams through the walk out, assists company in times during the development plus the full years that follow, and navigate through turbulent times. As well as assisting customers, our workers are active volunteers in the neighborhood and show literacy that is financial grownups and families in need of assistance, assisting them in order to make sound economic choices.
Origins
MetaBank had been started on a tremendously easy premise: 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 planet of banking changed a great deal subsequently, but we make an effort to always hold on tight to Stanley’s easy credo of using proper care of individuals. Doing the thing that is right. It is whom our company is and everything we do.
In 2004, prepaid industry frontrunner Brad Hanson approached previous MetaBank CEO Tyler Haahr having a eyesight for a brand new style of bank. Together, they created the Meta Payment Systems unit. In several brief years, we became a high collaborator with market-leading lovers and another regarding the top credit card providers within the industry that is prepaid. We continue steadily to push the forefront of re re re payments even as we consider prepaid cards, charge cards, electronic funds transfer and ATM sponsorship.
Expansion
2014 marked the start of an active mergers and purchase duration. We acquired AFS/IBEX in 2014 december. The entry was marked by this acquisition of MetaBank in to the insurance coverage premium finance industry. Our strategy would be to particularly grow our loan profile by leveraging the low-cost deposits introduced by the prepaid unit.
The next purchase arrived 11 months later on in September 2015. We joined an innovative new chapter in our history with all the purchase of Refund Advantage. Our taxation division provides interest-free reimbursement improvements and taxation refund-transfer solutions. Moreover it offers a circulation channel for the other solutions.
We proceeded to purchase the income tax industry with two purchases in 2016: hop over to these guys EPS Financial in November and Specialty customer Services in December. Those two purchases supplied expanded publicity into the income tax room. These generally include income tax refund-transfer solutions, interest-free reimbursement advance loans and electronic return originator loans.
Of late, in August 2018, we finished our acquisition of Crestmark Bancorp, Inc. and Crestmark Bank. This purchase expanded the scale and reach regarding the business into supplying business-to-business commercial funding, such as for example asset-based lending, factoring, gear funding and leasing, in addition to SBA/USDA financing. These initiatives offer a great chance for future development.
Synergy
The thing that makes us various? A couple of things: driving innovation and change that is leading. We’re passionate about monetary success for several individuals utilizing imaginative and products that are innovative services. Exactly exactly just What began as being a $10,000 investment in 1954 has developed up to a complex monetary ecosystem whose objective is economic addition for several.
