Whom Our Company Is
Through our divisions, Our company is a advisor that is trusted our lovers and consumers supplying revolutionary solutions into the areas we provide. Our objective is ingrained in everything we do.
Our company is a frontrunner in supplying economic methods to clients and organizations in underserved, niche markets. We rely on monetary addition for several.
We provide people who tend to be over looked by old-fashioned banking institutions. We think that everyone else deserves to possess use of the type or type of financial loans that a lot of individuals ignore. We have been a frontrunner in supplying individuals that are lower-income to financial loans and solutions. From grocery time to payday to tax day, our items act as a transaction that is primary for a lot of underbanked clients. Our services and products provide usage of the economic system and provide the exact exact exact same sort of features, functionality, and security as conventional banking services and products.
Our funding assists business owners develop their hopes and dreams through the walk out, assists company in times during the development while the 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 monetary choices.
MetaBank ended up being started on a really 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 entire world of banking changed a great deal ever since then, but we make an effort to always hold on tight 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 frontrunner Brad Hanson approached MetaBank that is former CEO Haahr by having a eyesight for a fresh types of bank. Together, they developed the Meta Payment Systems unit. In some brief years, we became a premier collaborator with market-leading lovers and another associated with top credit card providers into the industry that is prepaid. We continue steadily to push the forefront of re payments even as we concentrate on prepaid cards, bank cards, electronic funds transfer and ATM sponsorship.
2014 marked the start of an mergers that are active purchase duration. We acquired AFS/IBEX in December 2014. This purchase marked the web link entry 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 next purchase arrived 11 months later on in September 2015. We joined a fresh chapter in our history aided by the purchase of Refund Advantage. Our income tax unit provides interest-free reimbursement improvements and taxation refund-transfer solutions. Moreover it supplies a circulation channel for the other solutions.
We proceeded to buy the income tax industry with two purchases in 2016: EPS Financial in November and Specialty customer Services in December. Both of these purchases offered expanded publicity when you look at the taxation room. Included in these are income tax 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 business into supplying business-to-business commercial funding, such as for example asset-based lending, factoring, gear funding and renting, along with SBA/USDA financing. These initiatives give a great window of opportunity for future growth.
Why is us various? A few things: driving innovation and leading modification. WeвЂ™re passionate about financial success for several individuals making use of creative and products that are innovative services. Just just exactly What began as being a $10,000 investment in 1954 has developed to a complex economic ecosystem whoever objective is monetary addition for many.