Meta Financial Group, Inc. announces that the NASDAQ Hearings Panel has granted the Company an extension until June 6, 2008 to file its Quarterly Reports for the quarters ended December 31, 2007, and March 31, 2008.
The decision has the effect of allowing Meta Financial Group's continued listing on the NASDAQ Global Market.
The Company has engaged KPMG LLP as its new independent registered public accounting firm, and stated that the first and second quarterly reports on Form 10-Q would be filed as soon as reasonably practicable.
Storm Lake-based Meta Financial Group, Inc. is the holding company for MetaBank and Meta Trust Company®. Thirteen banking offices support customers throughout northwest and central Iowa, and in Brookings and Sioux Falls, South Dakota.
The company was in danger of losing its stock market listing earlier, after missing the filing deadline in the wake of what appeared to be a large fraud case possibly involving a former employee.
As of September, Meta had assets of $686.1 million and shareholders' equity of $48.1 million.