STORM LAKE, Iowa, Oct. 14 /PRNewswire-FirstCall/ -- Meta Financial
Group, Inc.(R) (Nasdaq: CASH) announced today that Steven G. Patterson has
joined the Company as President of MetaBank's Central Iowa market.
Patterson brings to MetaBank over 30 years of in-depth banking
experience, primarily within the Central Iowa area. In prior assignments he
has served in key executive and senior management positions, including
chief executive officer, president, and chief operating officer.
J. Tyler Haahr, CEO and President for Meta Financial Group and MetaBank
said, "It is a real pleasure to announce Steve as President for our Central
Iowa market. His extensive experience in lending, leadership and building
customer relationships makes him a strong addition to our Meta management
team."
"Steve knows banking from the ground up, from teller to CEO," said Troy
Moore, executive vice president and chief operating officer of Meta
Financial Group and MetaBank. "He is also highly respected in the Des
Moines area through his deep commitment to community involvement," Moore
added.
"I am eager to make a contribution to this solid, first-class bank in
the Des Moines area," Patterson said. "MetaBank operates from a position of
strength -- a community bank big enough to weather tough economic times and
small enough to make local decisions and know our customers well. I'm
excited to have the opportunity to help grow our business and serve our
customers," Patterson added.
Corporate Profile: Meta Financial Group, Inc. (R) (doing business as
Meta Financial Group) is the holding company for MetaBank(TM) and Meta
Trust Company(R). MetaBank(TM) is a federally-chartered savings bank with
four market areas: Northwest Iowa Market, Brookings Market, Central Iowa
Market, Sioux Empire Market; and the Meta Payment Systems(R) prepaid card
division. Thirteen retail banking offices and one administrative office
support customers throughout northwest and central Iowa, and in Brookings
and Sioux Falls, South Dakota.
The Company, and its wholly-owned subsidiaries, MetaBank(TM) and Meta
Trust(R), may from time to time make written or oral "forward-looking
statements," including statements contained in its filings with the
Securities and Exchange Commission, in its reports to shareholders, and in
other communications by the Company, which are made in good faith by the
Company pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995.
These forward-looking statements include statements with respect to the
Company's beliefs, expectations, estimates, and intentions that are subject
to significant risks and uncertainties, and are subject to change based on
various factors, some of which are beyond the Company's control. Such
statements address the following subjects: future operating results;
customer retention; loan and other product demand; important components of
the Company's balance sheet and income statements; growth and expansion;
new products and services, such as those offered by MPS or MetaBank; credit
quality and adequacy of reserves; technology; and our employees. The
following factors, among others, could cause the Company's financial
performance to differ materially from the expectations, estimates, and
intentions expressed in such forward-looking statements: the strength of
the United States economy in general and the strength of the local
economies in which the Company conducts operations; the effects of, and
changes in, trade, monetary, and fiscal policies and laws, including
interest rate policies of the Federal Reserve Board; inflation, interest
rate, market, and monetary fluctuations; the timely development of and
acceptance of new products and services offered by the Company as well as
risks (including litigation) attendant thereto and the perceived overall
value of these products and services by users; the risks of dealing with or
utilizing third-party vendors; the impact of changes in financial services'
laws and regulations; technological changes, including but not limited to
the protection of electronic files or databases; acquisitions; risk in
general, including but not limited to those risks involving the MPS
division; the growth of the Company's business as well as expenses related
thereto; changes in consumer spending and saving habits; and the success of
the Company at managing and collecting assets of borrowers in default.
The foregoing list of factors is not exclusive. Additional discussions
of factors affecting the Company's business and prospects are contained in
the Company's periodic filings with the SEC. The Company expressly
disclaims any intent or obligation to update any forward-looking statement,
whether written or oral, that may be made from time to time by or on behalf
of the Company or its subsidiaries.
SOURCE Meta Financial Group, Inc.
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Related links:
http://www.metacash.com
CONTACT:
Lisa Binder, Investor Relations of Meta
Financial Group, Inc., +1-712-749-7535
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