Explainers

Who Owns Meta Bank?

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An American bank called MetaBank, N.A. has retail locations in South Dakota and Iowa. It provides conventional banking services that are made to meet the demands of individual, agricultural, and commercial depositors and borrowers.

In January 2021, as part of the second wave of COVID-19 Economic Impact Payments, MetaBank mailed debit cards with a maximum value of $600 to millions of Americans.

For this purpose, MetaBank serves as the “financial agent” of the United States Treasury. Bankers United has been purchased by MetaBank. The bank amalgamated with M&T Bank on April 2, 2022; by the third quarter of 2022, M&T will be fully incorporated into the bank.

The top 25 performing small-cap banks in the US were ranked by Sandler O’Neill and Partners in their “Bank and Thrift Sm-All Stars – Class of 2012” report, which featured MetaBank. The American Banking Association Journal also ranked MetaBank seventh nationally among top-performing mid-size banks in 2013.

Who Owns Meta Bank?

MetaBank is owned by the bank holding company Meta Financial Group, Inc. The headquarters of MetaBank Corporate Services and Meta Payment Systems are in Sioux Falls, South Dakota. With a second location in Newport Beach, California, the AFS/IBEX division has its main office in Dallas, Texas.

Source: Vimbuzz.com

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