Key Developments: Meta Financial Group Inc (CASH.W)
27.28USD
1 May 2013
$0.30 (+1.11%)
$26.98
$27.28
$27.28
$27.28
100
19
$27.47
$21.56
Latest Key Developments (Source: Significant Developments)
Meta Financial Group Inc Declares Cash Dividend
Meta Financial Group Inc announced that the Company will pay a cash dividend of $0.13 per share for the second fiscal quarter of 2013. This dividend will be payable on or about April 1, 2013 to shareholders of record as of March 12, 2013. Full Article
Meta Financial Group Inc Declares Cash Dividend
Meta Financial Group Inc announced that the Company will pay a cash dividend of $0.13 per share for the first fiscal quarter of 2013. This dividend will be payable on or about January 1, 2013 to shareholders of record as of December 17, 2012. Full Article
Meta Financial Group Inc Completes Sale of $34.2 Million of Common Stock
Meta Financial Group Inc announced that it has completed its previously announced transactions in which the Company has sold, on September 28, 2012, to investors an aggregate of 1,563,100 shares of the Company's common stock, for total consideration of approximately $34.2 million. The price per share, $21.91, was determined by averaging the daily volume weighted average price of the Company's common stock for a trading period preceding the signing of the purchase agreements. The shares were sold to an affiliate of Altamont Capital Partners, affiliates of Philadelphia Financial Management of San Francisco, LLC, and NetSpend Holdings, Inc each of which is an existing stockholder of the Company. an affiliate of Brookside Equity Partners LLC; an affiliate of JTH Holding Inc., parent of Liberty Tax Service; affiliates of Weintraub Capital Management, L.P.; affiliates of Harvest Capital Strategies LLC; and other institutional and individual investors. Full Article
Meta Financial Group Inc Declares Cash Dividend
Meta Financial Group Inc announced that the Company will pay a cash dividend of $0.13 per share for the fourth fiscal quarter of 2012. This dividend will be payable on or about October 1, 2012 to shareholders of record as of September 10, 2012. Full Article
Meta Financial Group Inc Announces Purchase Agreements For $34.2 Million
Meta Financial Group Inc announced that it entered into separate purchase agreements on August 16, 2012, under which the Company has agreed to sell to investors an aggregate of approximately 1,560,000 shares of the Company's common stock, for total consideration of approximately $34.2 million, or $21.91 per share. The price per share was based on the volume weighted average prices of the Company's common stock on the NASDAQ Stock Market over a recent 20 trading day period. The Company entered into nine separate purchase agreements with the following investors: an affiliate of Altamont Capital Partners, affiliates of Philadelphia Financial Management of San Francisco, LLC, and NetSpend Holdings, Inc., each of which is an existing stockholder of the Company; an affiliate of Brookside Equity Partners LLC; an affiliate of JTH Holding Inc., parent of Liberty Tax Service; affiliates of Weintraub Capital Management, L.P.; affiliates of Harvest Capital Strategies LLC; and other institutional and individual investors. The Company will invest at least 90% of the net proceeds from these issuances to further capitalize MetaBank, the Company's wholly-owned subsidiary, which will qualify as tangible common equity and Tier 1 capital, in order to support expected significant growth in existing Meta Payment Systems programs, and the remainder of the net proceeds will be used by the Company for general corporate purposes. Full Article
Meta Financial Group Inc Declares Cash Dividend
Meta Financial Group Inc announced that the Company will pay a cash dividend of $0.13 per share for the third fiscal quarter of 2012. This dividend will be payable on or about July 1, 2012 to shareholders of record as of June 11, 2012. Full Article
Kahn Swick & Foti, LLC Announces Proposed Class Action Settlement On Behalf Of Purchasers Of Publicly-Traded Common Stock Of Meta Financial Group Inc
Kahn Swick & Foti, LLC announced that the United States District Court Northern District of Iowa approved the following announcement of a proposed class action settlement that would benefit purchasers of publicly-traded common stock of Meta Financial Group, Inc. Full Article
Meta Financial Group Inc Declares Cash Dividend
Meta Financial Group Inc. announced that the Company will pay a cash dividend of $0.13 per share for the second fiscal quarter of 2012. This dividend will be payable on or about April 1, 2012 to shareholders of record as of March 12, 2012. Full Article
Meta Financial Group Inc Declares Cash Dividend
Meta Financial Group Inc announced that the Company will pay a cash dividend of $0.13 per share for the first fiscal quarter of 2012. This dividend will be payable on or about January 1, 2012 to shareholders of record as of December 12, 2011. Full Article
Law Offices of Howard G. Smith Announces Investigation Of Meta Financial Group Inc
Law Offices of Howard G. Smith announced that it is investigating potential claims against Meta Financial Group, Inc., concerning possible breaches of fiduciary duties by the Company or its fiduciaries. The investigation concerns a determination by the U.S. Department of the Treasury’s Office of Thrift Supervision (OTS) that Meta Financial engaged in “unfair or deceptive acts or practices” in violation of Section 5 of the Federal Trade Commission Act and the OTS Advertising Regulation in connection with the Bank’s operation of the iAdvance program. Following the OTS investigation Meta Financial, among other things, was forced to discontinue the iAdvance program and entered into a Cease and Desist Order whereby MetaBank agreed to provide an aggregate reimbursement amount of $4.8 million to iAdvance customers affected by the Bank’s failure to implement a recurring use plan. Full Article
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