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Regulators have released MetaBank in Storm Lake, Iowa, from a consent order tied to a payday-like loan program it once offered.
August 8 -
MetaBank in Souix Falls, S.D., has agreed to buy the operations of AFS/IBEX Financial Services, an insurance premium finance company in Dallas.
October 14 -
The agency is now using Fincen guidance that was designed to make banks and credit unions more comfortable with the pot industry's risks. Such actions are encouraging more banks but still not many to do business with this emerging industry.
October 27
Meta Financial Group in Sioux Falls, N.D., expects to have a strong fiscal second quarter despite a small charge tied to brokered deposits.
The $2.1 billion-asset company said in a press release late Monday that it earned nearly $3.8 million during the first two months of this year.
That amount already surpasses Meta's net income for the prior quarter. The company also said that its loan portfolio increased by $115 million, or 27%, over the 12-month period that ended on Feb. 28.
Meta also disclosed that it expects to report a $250,000 expense during the current quarter tied to regulatory guidance on brokered deposits. The company said it expects the maximum annual assessment impact would be about $500,000, though the actual increase should be less than that amount.
