---
schema_version: "secwatch.filing_event.v1"
accession: "0001299709-26-000018"
form_type: "8-K"
ticker: "AX"
cik: "0001299709"
company_name: "Axos Financial, Inc."
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T02:56:22.915119+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# Axos Bank to acquire ~$2.6B in consumer deposits from SMBC MANUBANK's Jenius Bank

## Summary
- Axos Bank to acquire approximately $2.6 billion in U.S. consumer deposits from SMBC MANUBANK's Jenius Bank digital business.
- Axos will pay cash for deposit balances less a negotiated premium; premium amount not disclosed.
- Transaction expected to close in late March or April 2026, subject to OCC approval.
- Deposits will be transferred and assumed by Axos Bank, with new accounts opened for each depositor.
- Agreement includes standard representations, warranties, and indemnification provisions.

## SEC filing metadata
- accession: 0001299709-26-000018
- form_type: 8-K
- ticker: AX
- cik: 0001299709
- company_name: Axos Financial, Inc.
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000018/0001299709-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000018/ax-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001299709-26-000018
- JSON: https://secwatch.observer/filing/0001299709-26-000018.json
- Plain text: https://secwatch.observer/filing/0001299709-26-000018.txt

## Key facts
- Material Agreements
  Axos Financial, Inc. entered into Agreement with SMBC MANUBANK valued at approximately $2.6 billion (effective 2026-02-12).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: SMBC MANUBANK
  - Value: approximately $2.6 billion
  - Effective: 2026-02-12
  source text: On February 12, 2026, Axos Bank (the “Bank”), a subsidiary of Axos Financial, Inc. (the “Registrant”), entered into a purchase and assumption agreement (the “Agreement”) with SMBC MANUBANK (“SMBC”) to acquire all of the United States consumer deposits of Jenius Bank, a digital banking business of SMBC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000018/0001299709-26-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.