Axos Financial Inc.
05/04/2026 | Press release | Distributed by Public on 05/04/2026 06:31
Asset Transaction (Form 8-K)
Item 2.01 Completion of Acquisition or Disposition of Assets.
On May 2, 2026, Axos Bank (the "Bank"), a subsidiary of Axos Financial, Inc. (the "Company"), completed its previously announced acquisition of all of the United States consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK ("SMBC"), pursuant to the terms of the Purchase and Assumption Agreement, dated February 12, 2026 (the "Agreement"). The Bank acquired approximately $2.3 billion of deposits from Jenius Bank and received cash, less a negotiated premium.
The foregoing description of the Agreement is not complete and is qualified in its entirety by reference to the complete text of the Agreement, a copy of which was filed as Exhibit 99.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 12, 2026.
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