Whom We Have Been
Through our divisions, Our company is a trusted consultant to our lovers and consumers supplying revolutionary solutions within the areas we provide. 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 who tend to be ignored by conventional banking institutions. We genuinely believe that everyone else deserves to possess usage of the type or type of financial loans that many individuals ignore. We have been a leader in supplying lower-income people access to lending options and solutions. From grocery time to payday to tax day, our items act as a main deal account for most underbanked clients. Our items offer use of the economic system and provide the exact exact same sort of features, functionality, and security as conventional banking services and products.
Our funding assists business owners develop their goals through the walk out, assists company in times during the development and also the years that follow, and navigate through turbulent times. As well as assisting consumers, our workers are active volunteers in the neighborhood and show literacy that is financial grownups and families in need of assistance, assisting them to produce sound monetary choices.
MetaBank had been started on a tremendously easy premise: take care of y our workers and clients. For a February early morning in Storm Lake, Iowa in 1954, Stanley Haahr exposed the doorways with absolutely nothing a lot more than a desk, a money field and a lent vault. The field of banking changed a whole lot subsequently, but we you will need to always hang on to StanleyвЂ™s credo that is simple of proper care of individuals. Doing the thing that is right. It is whom we have been and that which we do.
In 2004, prepaid industry frontrunner Brad Hanson approached MetaBank that is former CEO Haahr by having a eyesight for a unique sorts of bank. Together, they created the Meta Payment Systems unit. In several short years, we became a premier collaborator with market-leading lovers and something associated with the top credit card providers when you look at the prepaid industry. We continue steadily to push the forefront of re payments even as we concentrate on prepaid cards, charge cards, electronic funds transfer and ATM sponsorship.
2014 marked the payday loans online Alaska start of an mergers that are active purchase duration. We acquired AFS/IBEX in December 2014. The entry was marked by this acquisition of MetaBank 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 unique chapter in our history because of the purchase of Refund Advantage. Our taxation unit provides interest-free refund improvements and income tax refund-transfer solutions. Moreover it provides a circulation channel for the other solutions.
We continued to purchase the income tax industry with two purchases in 2016: EPS Financial in and Specialty Consumer Services in December november. Both of these purchases supplied expanded visibility into the taxation room. These generally include taxation refund-transfer solutions, interest-free reimbursement advance loans and electronic return originator loans.
Lately, in August 2018, we finished our purchase of Crestmark Bancorp, Inc. and Crestmark Bank. This purchase expanded the scale and reach associated with the business into supplying business-to-business financing that is commercial such as for instance asset-based lending, factoring, gear funding and renting, along with SBA/USDA financing. These initiatives supply a great chance for future development.
Why is us various? A couple of things: driving innovation and leading modification. WeвЂ™re passionate about monetary success for many individuals utilizing innovative and products that are innovative services. Just exactly just What started being a $10,000 investment in 1954 has developed to a complex ecosystem that is financial objective is monetary addition for many.