MetaBank® Announces Strategic Relationship with H&R Block®
August 05 2020 - 5:00PM
Meta Financial Group, Inc.’s (Nasdaq: CASH) wholly-owned
subsidiary, MetaBank®, N.A. (”Meta”), announced today that it has
entered into a program management agreement as part of a three-year
strategic banking relationship with Emerald Financial Services,
LLC, a wholly-owned indirect subsidiary of H&R Block, Inc., to
serve as a facilitator for H&R Block's suite of financial
services products which include: Emerald Prepaid MasterCard®,
Refund Transfers, Refund Advances, Emerald Advance® lines of
credit, and other products through H&R Block’s distribution
channels.
“We are pleased to team with H&R Block, once
again, and to expand our strategic relationship to include their
suite of financial services products,” said Brad Hanson,
Co-President and Chief Executive Officer of MetaBank. “Meta is a
leading provider of financial services products to the Tax
industry, and we look forward to leveraging our experience,
capabilities and platform combined with Block’s products and
distribution to improve consumers’ access to funds and make their
lives just a little simpler.”
“Meta is the ideal partner for us to help
deliver valuable financial products and services to our clients,”
said Tony Bowen, Chief Financial Officer of H&R Block. “Meta
has a proven track record of delivering best-in-class financial
solutions, and we’re excited to be working with their team.”
This press release and other important
information about the Company are available at
metafinancialgroup.com.
Forward-Looking StatementsThe
Meta Financial Group, Inc. (the “Company”) and MetaBank may from
time to time make written or oral “forward-looking statements,”
including statements contained in this press release, the Company’s
filings with the Securities and Exchange Commission (“SEC”), the
Company’s reports to stockholders, and in other communications by
the Company and MetaBank, which are made in good faith by the
Company pursuant to the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. You can identify
forward-looking statements by words such as “may,” “hope,” “will,”
“should,” “expect,” “plan,” “anticipate,” “intend,” “believe,”
“estimate,” “predict,” “potential,” “continue,” “could,” “future,”
or the negative of those terms, or other words of similar meaning
or similar expressions. You should carefully read statements that
contain these words because they discuss our future expectations or
state other “forward-looking” information. These forward-looking
statements are based on information currently available to the
Company and MetaBank and assumptions about future events, and
include statements with respect to the Company’s beliefs,
expectations, estimates, and intentions, which are subject to
significant risks and uncertainties, and are subject to change
based on various factors, some of which are beyond the Company’s
control. The accuracy of these statements are necessarily subject
to risks, uncertainties, and assumptions as to future events that
may not prove to be accurate. Factors that could cause actual
results to differ materially from those expressed or implied
include the risk that Meta may, in connection with the anticipated
increase in refund advance loans, recognize more significant loan
losses than expected; the risks of reduced volume of refund advance
loans as a result of reduced customer demand for or acceptance or
usage of Meta’s partners’ refund advance products, including due to
the effectiveness of the marketing efforts for such products by
Meta’s partners, the implementation of alternative products by
competitors of Meta’s partners or otherwise; changes in Internal
Revenue Service refund processing practices; changes in tax laws;
and the factors discussed in the Company’s most recent Annual
Report on Form 10-K and other filings with the Securities and
Exchange Commission. Meta expressly disclaims any intent or
obligation to update any forward-looking statement, whether written
or oral, that may be made from time to time by or on behalf of Meta
or its subsidiaries.
About MetaBank®,
N.A.MetaBank, N.A. (“Meta”), a national bank, is a
subsidiary of Meta Financial Group, Inc.® (Nasdaq: CASH), a South
Dakota-based financial holding company. 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’s commercial lending division works with
high-value niche industries, rapid-growth companies and technology
adopters to grow their businesses and build more profitable
customer relationships nationwide. Meta 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.
About H&R Block®H&R
Block, Inc. (NYSE: HRB) provides help and inspires confidence in
its clients and communities everywhere through global tax
preparation, financial services and small business solutions. The
company is disrupting the tax industry by providing consumers price
transparency and with digital platforms such as Tax Pro GoSM.
H&R Block believes the best solutions blend digital
capabilities with human expertise and care. For more information
visit hrblock.com/news and follow @HRBlockNews.
MetaBank Contacts: |
H&R Block Contacts: |
Brittany Kelley Elsasser |
Colby Brown |
Director of Investor Relations |
Investor Relations |
605.362.2423 |
816.854.4559 |
bkelley@metabank.com |
colby.brown@hrblock.com |
|
|
mediarelations@metabank.com |
Susan Waldron |
|
Media Relations |
|
816.854.5522 |
|
susan.waldron@hrblock.com |
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