secwatch.observer — SEC 8-K summary
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Issuer:     Axos Financial, Inc. (AX)
CIK:        0001299709
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001299709-26-000018
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299709/000129970926000018/0001299709-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299709/000129970926000018/ax-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001299709-26-000018

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