MetaBank, the banking subsidiary of South Dakota-based Meta Financial Group Inc., has completed its acquisition of substantially all of the commercial loan portfolio and related assets of AFS/IBEX Financial Services Inc. and has hired the AFS team, according to a release. The all-cash transaction includes the AFS operating platform, other assets and approximately $77 million of outstanding insurance premium finance loan receivables. The new division will be called AFS/IBEX. MetaBank has five locations in Greater Des Moines.