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Meta Financial Group, Inc.® Announces Retirement Of Chairman James S. Haahr

STORM LAKE, Iowa, Sept. 27, 2011 /PRNewswire/ -- Meta Financial Group, Inc.® (the "Company") (NASDAQ: CASH) and MetaBank™, a wholly-owned subsidiary of the Company (the "Bank"), today announced the retirement of James S. Haahr as a member of the board of directors of the Company (the "Company Board") and the board of directors of the Bank (the "Bank Board "), effective at the close of business September 30, 2011.  Effective October 1, 2011, J. Tyler Haahr, President & CEO, has been elected to the additional post of Chairman of the Company Board and the Bank Board.  E. Thurman Gaskill has been elected to serve as Vice Chairman and Lead Director of the Company Board and the Bank Board.  The Company also announced today that, effective October 1, 2011, Troy Moore III has been appointed to the Company Board and the Bank Board.

James Haahr's retirement caps a more than 50 year career in the banking industry which he began in 1961 with a fledgling community bank.  He rose in the ranks to lead the Bank as President & CEO in 1974.  Commenting on his retirement, James Haahr said, "I step down with immense gratitude for the career I've spent in an industry I love, and with people that I revere.  I leave with the fullest confidence that Meta Financial Group is positioned with competent, quality people on the proper track for the future.  With great pride I can say that we have instilled the highest levels of integrity and responsibility at the Company and that those qualities will endure and flourish going forward."

J. Tyler Haahr, Chairman-elect, President and Chief Executive Officer of the Company and the Bank, commented, "Scores of shareholders, customers, employees and community and industry leaders – all of whom are likely more objective than I about Jim Haahr – will readily confirm that he is an iconic, pioneering figure in community banking, not only in Iowa and South Dakota, but across the nation.  His five decades of community service and his leadership of Meta Financial Group serve as an ideal and a legacy which all of us at the Company will strive to sustain.  The Board and I look forward to Jim's continuing wise counsel for Meta Financial Group in the years ahead."

E. Thurman Gaskill has served as a member of the Board of Directors since 1982.  He is a former state senator, and his long experience in the grain business resulted in several appointments to important Iowa state commissions and other councils.  Troy Moore joined the Company and its affiliates in 1997.  He has risen through increasingly responsible positions and now serves as Executive Vice President and Chief Operating Officer of the Company and the Bank.  

This press release and other important information about the Company are available at www.metafinancialgroup.com.

Corporate Profile: Meta Financial Group, Inc. ®, ("Meta Financial" or the "Company") is the holding company for its wholly-owned subsidiary, MetaBank™ (the "Bank").  MetaBank is a federally-chartered savings bank with four market areas:  Northwest Iowa Market, Brookings Market, Central Iowa Market, Sioux Empire Market; and the Meta Payment Systems® prepaid card division.  Twelve retail banking offices and one administrative office support customers throughout northwest and central Iowa, and in Brookings and Sioux Falls, South Dakota.

The Company and the Bank, may from time to time make written or oral "forward-looking statements," including statements contained in its filings with the Securities and Exchange Commission ("SEC"), in its reports to stockholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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