Sioux Falls-Based Business Ringing Nasdaq Opening Bell

Your Money Matters

A Sioux Falls-based business is going to be in the national spotlight next week. 

On Monday the CEO of Meta Financial Group is going to ring the Nasdaq Opening Bell. 

It won’t quite be work as usual on Monday morning at Meta.

“We’re having a celebration at each and every location,” Community Banking President Kathy Thorson said.

Employees, like Thorson, will be watching their CEO and chairman ring the Opening Bell.

“When most of us started at the bank, we thought we were going to work for a traditional retail bank,” Thorson said.

In addition to retail banking, Meta is now involved in national lending, tax service and payments. The company also has a hand in things you might not expect, such as issuing gift cards.

“We’re almost 10 times as big as what we were five years ago. We need to add people at all levels, including upper level people that we’re bringing into the community,” CEO Tyler Haahr said.

Haahr’s grandfather founded MetaBank in Storm Lake, Iowa in 1954. It went public in 1993 and moved its headquarters to Sioux Falls in 2000. Meta now has almost 1000 employees. After it acquires Crestmark this year, the company will add another 350.

“We grew about 134 employees last year, most of whom are in Sioux Falls. We’ll probably grow another 100 next year,” Haahr said.

You can notice Meta’s growth at its headquarters in southwestern Sioux Falls. It now has two buildings and will soon add a third.

“With the campus we have in place here, we intend to continue to grow here,” Haahr said.

A growing Sioux Falls company that will soon be in the national spotlight.

“We’re ecstatic,” Thorson said.

The opening bell ceremony is at 8:30 a.m. central time on Monday. You can catch highlights on Monday night’s business headlines during KELOLAND News at 5 p.m.
 

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