Exhibit 10.1

October 2, 2023

Dear Greg Sigrist:

I am writing to confirm our offer of employment as the Executive Vice President, Chief Financial Officer of Pathward, N.A. and Pathward Financial, Inc. (collectively, “Pathward”). I know you will find this opportunity challenging, rewarding and enjoyable.

This letter sets forth the terms of your offer and a general description of some of the benefits that will be available to you at Pathward.

Nature of Cash Payments and Equity Awards

The cash payments described herein are intended to demonstrate Pathward’s commitment to you and ease the transition from your previous employer. Therefore, in the event of your involuntary termination of employment for “Cause” (as defined in Pathward’s Executive Severance Pay Policy) or voluntary termination of employment within twelve (12) months of the Start Date, you will be required to promptly repay to Pathward any cash payments you receive hereunder as a sign on bonus and/or compensation for the equity you forfeit upon your termination of employment.

Any equity awards granted to you hereunder will be made under the Company’s 2023 Omnibus Incentive Plan, subject to stockholder approval of the 2023 Omnibus Incentive Plan. Such equity awards will contain the same terms and conditions generally applicable to all senior executives of Pathward, including for treatment upon termination of employment, and will be governed solely by the terms of the applicable award agreements and the 2023 Omnibus Incentive Plan.

Obligations to Previous Employers:

By signing this letter, you represent and warrant to Pathward that your acceptance of this offer and your resulting employment with Pathward will not conflict with, violate or constitute a breach of employment or other agreement to which you are a party and that you are not required to obtain the consent of any person, firm, corporation or other entity in order to accept this offer of employment. If we learn that this representation or warranty is incorrect, we may, in our discretion, withdraw this offer of employment and/or terminate your employment for cause.

Pathward strictly prohibits its employees from using or disseminating any confidential information of a previous employer and related materials while employed by Pathward.  We are hereby advising you that Pathward does not want such confidential information nor does Pathward want you to utilize such information while employed by Pathward.  By signing this letter, you agree that to the extent that you have any confidential information of a previous employer, you will not use, disclose or disseminate that confidential information, directly or indirectly, while employed by Pathward.  Please note that if you violate this agreement, your employment may be terminated.

Conditions of Offer:

This offer of employment is conditioned upon approval of the terms of this offer by the Pathward Compensation Committee, verification of your eligibility to work in the United States and satisfactory completion of a reference check and pre-employment background investigation. Prior to your employment, you must also execute and return the enclosed Proprietary Rights, Non-Solicitation, Non-Disclosure and Confidentiality Agreement. In the event that any of these conditions are not met, Pathward reserves its right to withdraw this offer of employment. You will also be required to execute an Acknowledgment Form under Pathward’s Dodd-Frank Clawback Policy once formally adopted.

Employment at Will:

Please understand that this letter is not a contract of employment and your employment with Pathward will be at-will. This means that either you or Pathward may terminate your employment at any time, for any reason not prohibited by law.

Please acknowledge your acceptance of the terms of your employment outlined above by signing and returning this letter to the attention of Nadia Dombrowski at ndombrowski@pathward.com.

Greg, I am excited about you becoming a member of the Pathward team. We look forward to hearing from you shortly.

Enclosure: Proprietary Rights, Non-Solicitation, Non-Disclosure and Confidentiality Agreement

Exhibit 99.1

Pathward Appoints Greg Sigrist as Next Chief Financial Officer

SIOUX FALLS, S.D. – Oct. 5, 2023 – Pathward Financial, Inc. (Nasdaq: CASH) today announced that Greg Sigrist has been appointed executive vice president (“EVP”), chief financial officer (“CFO”) - designee, beginning Nov. 1, 2023. Immediately after the filing of the Company’s Form 10-K for fiscal year 2023, Mr. Sigrist will transition to EVP, CFO, when he will succeed Glen Herrick, who will remain with the Company to aid in the transition and other projects until his retirement on December 31, 2023.

“Greg has a broad, rich background that made him an excellent addition to the Pathward team. With over 20 years of banking experience, he has demonstrated solid leadership skills and significant financial and business acumen through multiple public company CFO roles. Greg’s expertise in strategy development, execution, and generating long term shareholder value will help Pathward on its path to delivering on its three strategic initiatives of optimizing the interest-earning portfolio, optimizing the deposit mix, and driving operating leverage,” said Brett Pharr, chief executive officer of Pathward Financial, Inc.

He continued, “On behalf of the Board of Directors and the entire team at Pathward, I want to thank Glen again for all that he has done over the last ten years. We truly appreciate his immeasurable contributions to the Company, including growing net income from $13 million in fiscal 2013 to $156 million in fiscal year 2022. He also helped lead the Company on an extraordinary evolution from a community bank to a diversified, entrepreneurial driven bank that included five acquisitions, the disposition of the community bank and the rebranding. Most recently, Glen continued to support us by postponing his retirement while we held a search for a new CFO and will be staying through the end of calendar year 2023 to ensure a smooth transition.”

Mr. Sigrist joins the Company after serving as EVP and CFO of Metropolitan Bank Holding Corp. and Metropolitan Commercial Bank for the past three years. Before joining Metropolitan, he served as the EVP and CFO of Columbia Banking System, Inc., from June 2018 until February 2020. Mr. Sigrist also spent 12 years with Morgan Stanley as a managing director in a number of senior financial roles, including CFO of Morgan Stanley Bank, N.A. from 2014 to early 2018. Prior to that, he served for five years as Vice President, Corporate Accounting Policy/M&A Finance with Citigroup. Mr. Sigrist built the foundation of his career spending 12 years between Ernst & Young and McGladrey & Pullen in senior auditing roles of financial services clients, including regional and community banks. Mr. Sigrist received a B.S. in Accounting with University Honors from Illinois State University and is a Certified Public Accountant. 

Forward-Looking Statements

This release includes forward-looking statements within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act, including but not limited to statements about the anticipated use of net proceeds from the offering, the Exchange Offer and other matters. These statements are often, but not always, made through the use of words or phrases such as “may,” “might,” “should,” “could,” “predict,” “plan,” “project,” “believe,” “expect,” “continue,” “will,” “anticipate,” “intend,” “would,” “estimate,” target,” “potential,” or other comparable words or phrases of a future or forward-looking nature. Accordingly, we caution you that any such forward-looking statements, including those with respect to Pathward delivering on strategic initiatives, are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements as a result of various risks, uncertainties and other factors. For a discussion of some of the risks and important factors that could affect our future results and financial condition, see our SEC filings, including, but not limited to, our Annual Report on Form 10-K for the fiscal year ended September 30, 2022. The Company expressly disclaims any intent or obligation to update any forward-looking statements, whether written or oral, that may be made from time to time by or on behalf of Pathward or its subsidiaries, whether as a result of new information, changed circumstances or future events, or for any other reason.

About Pathward Financial, Inc.

Pathward Financial, Inc. (Nasdaq: CASH) is a U.S.-based financial holding company driven by its purpose to power financial inclusion for all. Through our subsidiary, Pathward®, N.A., we strive to increase financial availability, choice, and opportunity across our Banking as a Service and Commercial Finance business lines. These strategic business lines provide end-to-end support to individuals and businesses. Learn more at www.pathwardfinancial.com.

Investor Relations Contact:

Darby Schoenfeld, CPA

SVP, Investor Relations

877-497-7497

investorrelations@pathward.com

###