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Bank taps new top lawyer after name rights sale to Meta affiliate

Bank taps new top lawyer after name rights sale to Meta affiliate
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Photograph: Yuriko Nakao/Reuters.

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  • MetaBank’s new senior attorney Nadia Dombrowski has held internal positions at Mastercard, Bank of America
  • Meta Financial Group has sold brand assets to a subsidiary of Meta Platforms Inc, the parent company of Facebook

(Reuters) – MetaBank, a subsidiary of financial holding company Meta Financial Group Inc, said on Tuesday it has hired a new senior lawyer, Nadia Dombrowski, from payment solutions firm Safrapay.

South Dakota-based Meta Financial Group recently sold global rights to its company names to an entity of Meta Platforms Inc, the parent company of Facebook, for $60 million, Reuters reported Dec. 13.

Meta Financial Group will change the names of its companies within one year of its agreement on December 7, according to documents it filed with the US Securities and Exchange Commission.

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A representative from Meta Financial Group declined to comment on the naming deal on Wednesday, following a filing by the Securities and Exchange Commission.

Dombrowski has served as General Counsel for Safrapay and Senior Vice President for the past two years. She will be Executive Vice President and Principal Legal Director at MetaBank, where she will succeed Anthony Sharett.

Sharett became president of MetaBank in October, according to the company.

Earlier in her career, Dombrowski held leadership positions at Mastercard Inc, Bank of America Corp and Community Federal Savings Bank, according to MetaBank.

Meta Financial said in its filing with the Securities and Exchange Commission in December that it had sold branded assets to Beige Key LLC. A representative of Meta Platforms Inc confirmed to Reuters at the time that Beige Key “affiliates with us and we have acquired these brand assets.”

Facebook said in October that its parent company would go to Meta Platforms in a bid to rebrand focus on building a metaverse.

Read more:

Facebook Owner Behind $60 Million Deal on Meta Name Rights

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xiaomi dong

Xiumei Dong covers legal industry news, focusing on law firm strategy and growth, internal consulting and the legal market in Washington, DC. You can reach her at Xiumei.Dong@thomsonreuters.com.

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