MetaBank® Names Jeff Aegerter President of its Consumer Lending Division

MetaBank^® announced today that Jeff Aegerter has been named President of its Consumer Lending Division. MetaBank is a wholly-owned subsidiary of Meta Financial Group, Inc.^® (NASDAQ: CASH) (“Meta”) and a leader in delivering innovative payment, financing and banking solutions to partners throughout the country.

Aegerter has more than 35 years of experience in consumer lending and payments. He spent 10 years at Citi, before moving on to First PREMIER Bank where he was the Senior Vice President and Executive Officer for Card Products. In that role, Aegerter oversaw the expansion of First PREMIER’s card issuing business. He also founded two financial services companies, including Capital Services, Inc., a portfolio management and card service organization where he spent 12 years as President and CEO.

“Jeff brings deep expertise in financial services, and has been instrumental in helping many similar companies develop their suites of products and services, while increasing shareholder value,” said Sheree Thornsberry, Meta EVP and Group Head, Consumer. “Our consumer lending business is an important area of diversification for the company, and we’re thrilled that Jeff is here to provide leadership as we implement this strategic part of our total financial services solution.”

Meta is a leader in providing innovative financial solutions to consumers and businesses in under-served niche markets, and believes in financial inclusion for all. Meta works with high-value niche industries, rapid-growth companies and technology adopters to grow their businesses and build more profitable customer relationships. MetaBank is one of the largest issuers of prepaid cards in the U.S., having issued more than a billion cards in partnership with banks, program managers, payments providers and other businesses, and offers a total payments services solution that includes ACH origination, wire transfers and more.