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MetaBank® Named #1 Top Growth Bank by Bank Director

SIOUX FALLS, S.D., May 24, 2016 (GLOBE NEWSWIRE) -- MetaBank® (NASDAQ:CASH) based in Sioux Falls, S.D., was recently named the number one Top Growth Bank by Bank Director. MetaBank (Meta) was identified as the top performer among all banks and thrifts determined by top-line growth over a five quarter period ending March 31, 2016. The ranking was established by the compound average growth rate in revenues over the five linked quarters.

“It’s an honor to be recognized as the number one top growth bank out of approximately 7,000 banks in the country,” said MetaBank Chairman and CEO J. Tyler Haahr. “We also have experienced record earnings the last two quarters, which supports our goal of growing profitably and not just for growth’s sake. I’m proud of the hard work and dedication of our employees that have made these accomplishments possible.”

MetaBank, with approximately $3 billion in assets, continues to experience strong growth across all of its business lines. This includes 27 percent annualized loan growth through its retail bank and premium finance businesses, very strong deposit and fee growth at Meta Payment Systems and record revenues at its tax payments processing division, Refund Advantage.

About MetaBank®

Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries. Within Banking, the traditional retail bank business operates 10 branches in four market areas: Central Iowa; Storm Lake, Iowa; Brookings, S.D.; and Sioux Falls, S.D.; and also includes AFS/IBEX, its insurance premium financing division. Meta Payment Systems, its electronic payments division and Refund Advantage, its tax refund-transfer software division, comprise the Payments business. Meta Financial Group, Inc.® (NASDAQ:CASH), is the holding company for federally chartered savings bank MetaBank, Member FDIC. For more information, visit metabank.com. For more information about Meta Financial Group, visit metafinancialgroup.com.

Media Contact: Katie LeBrun Corporate Communications Director 605.362.5140 klebrun@metabank.com

Source: MetaBank