SIOUX FALLS, S.D., June 8, 2015 /PRNewswire/ -- Meta Financial Group, Inc.®, based in Sioux Falls, S.D., was recently named among American Banker Magazine's top 200 mid-tier financial institutions, ranked by their three-year-average returns on average equity. Meta ranked No. 44 on the list, with an average return of 11.66 percent.
This marked Meta's first inclusion in the "mid-tier" category in the magazine's rankings, having previously been named among the top 25 community banks and thrifts in the nation. American Banker Magazine classifies "mid-tier" institutions as those having between $2 billion and $10 billion in assets and community banks as institutions under $2 billion in assets.
"This confirms what we have been trying to do, which is to grow profitably, rather than just for growth's sake," Meta Financial Group CEO J. Tyler Haahr said. "We've also implemented additional systems and support and added staff and expertise at the same time to help ensure quality growth now, as well as in the future."
About Meta Financial Group®
Meta Financial Group, Inc.® (NASDAQ Global Market®: CASH), is the holding company for federally chartered savings bank MetaBank®, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates three distinct businesses: MetaBank, its traditional retail banking operation; Meta Payment Systems®, its electronic payments division; and AFS/IBEX, its insurance premium finance division. The synergies among the three provide a unique business model for the company. For more information, visit metafinancialgroup.com.
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SOURCE Meta Financial Group, Inc.