James S. Haahr, chairman of the board of Meta Financial Group (MFG), MetaBank, and MetaBank West Central (MetaBank WC) is pleased to announce the election of Brad Hanson to the board of directors for MFG, MetaBank, and MetaBank WC effective Oct. 24.
In addition, Hanson was appointed executive vice president and member of the Executive Committee for MFG and MetaBank. Hanson also serves as president of Meta Payment Systems, MetaBank's prepaid debit card division.
As a pioneer in the prepaid card industry, Hanson has successfully developed and implemented strategies for banks, marketers, and third-party processors participating in this emerging market. He has a proven track record for creating value and profitability by identifying market opportunities and bringing together experienced management teams focused on balancing strong growth with aggressive expense management. Hanson has become an active and influential spokesman in the rapidly expanding field of payment systems and is frequently asked to speak on the state of the industry and its future direction at prepaid conferences across the nation.
During his career, Hanson has served in numerous banking, card industry, and technology-related capacities. This broad exposure has helped him identify innovative ways to integrate modern payment products into the framework of traditional banking environments.
As of Sept. 30, Meta Financial Group had assets of $776.3 million and shareholders' equity of $43 million, or $17.16 per common share outstanding.