Meta Financial may raise $26 million through at-the-market agreement

Agent Sandler O’Neill helps raise funds for growth, corporate purposes

By Devika Patel

Knoxville, Tenn., Dec. 17 – Meta Financial Group, Inc. negotiated a $26 million at-the-market program with Sandler O’Neill + Partners LP, according to a prospectus supplement filed Wednesday with the Securities and Exchange Commission.

The agent will be paid a 2% commission.

Proceeds will be used for capital support for organic growth, investments in or advances to subsidiaries, acquisitions, Basel III requirements, dividends, debt reduction or refinancing and general corporate purposes.

The financial services provider is based in Sioux Falls, S.D.

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