Meta Financial Group, Inc. operates as the holding company for MetaBank and MetaBank West Central that provide a range of financial services in Iowa and South Dakota. The banks engage in generating deposits and originating loans. Its deposit products include passbook savings, money market savings, negotiable order of withdrawal, and checking accounts, as well as certificates of deposit. The banks' loan portfolio comprises one- to four-family residential mortgage, commercial and multifamily real estate, agricultural operating and real estate, construction, consumer, and commercial business loans. Meta Financial Group also offers trust services; issues reloadable, nonreloadable, and benefit cards; and provides automated clearing house services for corporate clients. In addition, MetaBank, through its affiliation with Bill Markve and Associates, offers insurance products, mutual funds, equities, bonds, and annuities. The banks primarily invest in mortgage-backed securities, the U.S. government and agency obligations, and other investments. As of September 30, 2005, the banks operated 18 branches in South Dakota and Iowa. The company was formerly known as First Midwest Financial, Inc. and changed its name to Meta Financial Group, Inc. in January 2005. Meta Financial Group is based in Storm Lake, Iowa.
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