Mergers & Acquisitions ·
Axos Bank completes acquisition of $1.9 billion in IRA deposits from Capital One
AXAxos Financial, Inc.
On September 21, 2026, Axos Bank completed its acquisition of approximately $1.9 billion in individual retirement account (IRA) deposits from Capital One, National Association. The transaction was executed pursuant to a Purchase and Assumption Agreement dated April 22, 2026. Axos Bank acquired the deposits and received cash for the aggregate deposit balance less a negotiated premium. This strategic move expands the bank's deposit base through the acquisition of specific retail banking assets from a major competitor.