Meta Financial Group Inc. has secured $5.65 million worth of funding from a very nontraditional — and potentially controversial — source: Cash America International Inc., a payday lender.

The Storm Lake, Iowa, banking company sold 265,000 shares of common stock, for $21.33 per share, to Cash America last week, in what J. Tyler Haahr, Meta's president and chief executive, called a "passive investment. There is no management involvement, there are no board seats that go along with that investment."

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