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Meta Financial earnings up

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Meta Financial Group Inc., the holding company for MetaBank and Meta Payment Systems, reported net earnings of $2.4 million for its third fiscal quarter, which ended June 30, compared with a net loss of $1 million in last year’s third quarter. The company’s third-quarter earnings included a charge of $1.4 million related to the redemption of trust preferred securities. Average deposits with its Meta Payment Systems subsidiary increased by $279.1 million, or 36 percent, from the fiscal 2011 third quarter. During the third quarter, Meta Financial Group raised approximately $12.8 million in new capital through private placement transactions to bolster regulatory capital and support anticipated growth at its retail bank subsidiary, MetaBank.