The $7.1 billion-asset company
said in a press release Tuesday that Brad Hanson will also retire as president and
as co-president and CEO of MetaBank on Sept. 30. He will serve as a strategic adviser
until the end of 2022.
Hanson plans to “focus on
entrepreneurial and philanthropic endeavors,” including a project that will
provide more-efficient cross-border remittance between the United States and
Mexico for underbanked customers. Meta's venture capital arm will partner with him on the initiative.
Brett Pharr, MetaBank’s co-president and chief operating officer,
will succeed Hanson as CEO of the company and the bank. He will also the boards
of Meta Financial and MetaBank.
“We thank Brad for his contributions over nearly 20 years, which
helped to build Meta’s leadership position in the financial services and
payments industries, and for his commitment to our mission of financial
inclusion for all,” Douglas J. Hajek, the company’s chairman, said
in the release.
Hanson has been the company’s president since 2013. He became CEO five
years later.
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