Meta Financial in South Dakota Names New President

Meta Financial Group (CASH) in Sioux Falls, S.D., has reshuffled its management with four new executive appointments.

The $1.8 billion-asset company said Thursday that it promoted Brad Hanson to president. He was president of unit Meta Payment System. He succeeds J. Tyler Haahr, who remains the company's chief executive.

Glen Herrick was promoted to chief financial officer from senior vice president of finance and investment management. He joined the company earlier this year after 19 years in various roles at Wells Fargo (WFC), including CFO of the company's student-loan division. He succeeded Dave Leedom, who will remain with Meta in a part-time position.

Ira Frericks waspromoted to chief operating officer from chief accounting officer, a post he has held since joining the company in 2008. He succeeded Troy Moore, who becomes executive vice president of sales and operations at MetaBank, a new position.

Ron Butterfield was promoted to chief administrative officer, a new post, from chief of staff. Butterfield joined the company in 2004, after working at BankFirst and Citigroup's Citibank (NYSE: C) in various banking and credit-card operations roles.

The promotions come in response to Meta's growth over the last several years, Haahr said.

"We're trying to redefine roles not just for today but to get us to the next level," Haahr said. "When you have as much growth and as many opportunities as we do, it's not just about planning for today but for two, five and ten years down the road, and I think this is a good start to get us there."

In June, Meta announced plans to raise $20 million by selling common stock. It earned $3.7 million in the second quarter, 54% more than in the second quarter of 2012.