Axos Financial, Inc. Receives Regulatory Approval for Strategic Deposit Acquisition

LAS VEGAS, March 23, 2026 — Axos Financial, Inc. (NYSE: AX), a leading digital-focused bank holding company, announced today that its principal subsidiary, Axos Bank, has received regulatory approval from the Office of the Comptroller of the Currency (OCC) to proceed with a previously disclosed deposit acquisition. This approval was granted on March 19, 2026, and the development is seen as a significant step forward in the company’s growth strategy.

Key Highlights of the Report

• Regulatory Approval Secured: The OCC has approved Axos Bank’s acquisition of a deposit portfolio. This is a critical regulatory milestone required for the transaction to proceed to closing.
• Transaction Timeline: Axos Financial expects the deal to close within the quarter ending June 30, 2026.
• Background: The acquisition was first disclosed in a Current Report on Form 8-K filed with the SEC on February 12, 2026. The details of the deposit acquisition, including the counterparty and the size of the portfolio, were not reiterated in this filing, but the regulatory approval signals that due diligence and regulatory review have progressed successfully.

Details for Shareholders and Potential Price Sensitivity

• Growth Implications:
  The approval and expected closing of the deposit acquisition are potentially significant for Axos Financial’s growth profile. Expanding its deposit base can enhance the bank’s funding capacity, support further loan growth, and improve its competitive position in the digital banking sector.
• Market Impact:
  Regulatory milestones in bank M&A (mergers and acquisitions) are often viewed as materially positive for share prices, as they reduce deal uncertainty and pave the way for integration and future earnings accretion. Investors may view this development as a catalyst for Axos shares, given the company’s reputation for deploying capital into profitable, technology-enabled banking strategies.
• Risk Considerations:
  The transaction is not yet closed. While regulatory approval is a major step, the company still faces closing conditions and integration risks. There is no mention of any material adverse developments or regulatory objections, which should reassure shareholders at this stage.

Additional Corporate Information

• Company Name: Axos Financial, Inc.
• Incorporation: Delaware
• SEC File Number: 001-37709
• Headquarters: 9205 West Russell Road, Suite 400, Las Vegas, NV 89148
• Contact: (858) 649-2218
• Trading Symbol: AX
• Exchange: New York Stock Exchange (NYSE)
• Tax Identification Number: 33-0867444

Corporate Governance

• Signatory: The Form 8-K was signed by Derrick K. Walsh, EVP and Chief Financial Officer, on March 23, 2026.

Other Notable Regulatory Disclosures

• No written communications, soliciting material, or pre-commencement communications related to mergers, tender offers, or issuer tender offers are part of this filing (all related checkboxes are marked “false”).
• Axos Financial, Inc. is not classified as an emerging growth company under SEC rules.

Potential Shareholder Impact

This regulatory approval is a material event for Axos Financial shareholders. The expansion of the deposit base, if integrated successfully, could drive increased earnings, improve funding liquidity, and reinforce the company’s positioning in the competitive digital banking space. Investors should monitor Axos Financial’s next quarterly reports for further details on the transaction’s closing and its initial financial impacts. Given the growth focus and history of accretive acquisitions, the market may react positively to this regulatory milestone.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Investors should conduct their own due diligence and consult with a financial advisor before making investment decisions. The information is based on filings and disclosures as of March 23, 2026, and may be subject to change.

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