Meta Financial Group, Inc.(R) Announces NASDAQ Finding of Compliance

STORM LAKE, Iowa, May 30 IA-CASH-NASDAQ-Compli


STORM LAKE, Iowa, May 30 /PRNewswire-FirstCall/ -- Meta Financial Group,
Inc.(R) (the "Company"; NASDAQ Global Market(R): "CASH") reported today that
NASDAQ(R) has determined that the Company has evidenced compliance with the
NASDAQ(R) order dated April 22, 2008 and that it will remain as a listed
company on the NASDAQ Global Market(R).


"We are pleased that NASDAQ(R) has determined that we are in compliance
with its requirements to remain listed, and excited about the latest events as
described in our recent earnings announcement."  The Company had recently
filed its quarterly report on Form 10-Q for the period ended March 31, 2008,
in which it described record earnings for a quarterly period.


This completes the NASDAQ(R) hearings process, which was automatically
triggered when the Company missed an earlier quarterly report filing deadline.


This press release and other important information about the Company are
available at http://www.metacash.com.



Corporate Profile: Meta Financial Group, Inc(R). (doing business as Meta
Financial Group) is the holding company for MetaBank(TM) and Meta Trust
Company(R).  MetaBank(TM) 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(R) prepaid card division.
Thirteen 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 its wholly-owned subsidiaries, MetaBank(TM) and Meta
Trust(R), may from time to time make written or oral "forward-looking
statements," including statements contained in its filings with the Securities
and Exchange Commission, in its reports to shareholders, 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.



These forward-looking statements include statements with respect to the
Company's beliefs, expectations, estimates, and intentions that are subject to
significant risks and uncertainties, and are subject to change based on
various factors, some of which are beyond the Company's control.  Such
statements address the following subjects:  future operating results; customer
retention; loan and other product demand; important components of the
Company's balance sheet and income statements; growth and expansion; new
products and services, such as those offered by MPS or MetaBank; credit
quality and adequacy of reserves; technology; and our employees.  The
following factors, among others, could cause the Company's financial
performance to differ materially from the expectations, estimates, and
intentions expressed in such forward-looking statements:  the strength of the
United States economy in general and the strength of the local economies in
which the Company conducts operations; the effects of, and changes in, trade,
monetary, and fiscal policies and laws, including interest rate policies of
the Federal Reserve Board; inflation, interest rate, market, and monetary
fluctuations; the timely development of and acceptance of new products and
services offered by the Company as well as risks (including litigation)
attendant thereto and the perceived overall value of these products and
services by users; the risks of dealing with or utilizing third-party vendors;
the impact of changes in financial services' laws and regulations;
technological changes, including but not limited to the protection of
electronic files or databases; acquisitions; risk in general, including but
not limited to those risks involving the MPS division; the growth of the
Company's business as well as expenses related thereto; changes in consumer
spending and saving habits; and the success of the Company at managing and
collecting assets of borrowers in default.



The foregoing list of factors is not exclusive.  Additional discussions of
factors affecting the Company's business and prospects are contained in the
Company's periodic filings with the SEC.  The Company expressly disclaims any
intent or obligation to update any forward-looking statement, whether written
or oral, that may be made from time to time by or on behalf of the Company or
its subsidiaries.



SOURCE  Meta Financial Group, Inc.