---
schema_version: "secwatch.filing_event.v1"
accession: "0001299709-26-000027"
form_type: "8-K"
ticker: "AX"
cik: "0001299709"
company_name: "Axos Financial, Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:27:28.749494+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Axos Bank to acquire $3.2B in IRA deposits from Capital One, subject to regulatory approval

## Summary
- Axos Bank to acquire ~$3.2B in IRA deposits (savings & CDs) from Capital One.
- Purchase price equals aggregate deposit balance less an undisclosed premium.
- Deal subject to OCC approval under Bank Merger Act; expected close later in 2026.
- Acquisition includes IRAs, account agreements, and deposit liabilities; Axos assumes custodian duties post-closing.

## SEC filing metadata
- accession: 0001299709-26-000027
- form_type: 8-K
- ticker: AX
- cik: 0001299709
- company_name: Axos Financial, Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000027/0001299709-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000027/ax-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001299709-26-000027
- JSON: https://secwatch.observer/filing/0001299709-26-000027.json
- Plain text: https://secwatch.observer/filing/0001299709-26-000027.txt

## Source-grounded claims
- claim_id: ae6f35ddeea53b949740794cc98da3f8b241e5ff
  claim: Axos Financial, Inc. entered into Agreement with Capital One, National Association valued at approximately $3.2 billion (effective 2026-04-22).
  evidence_excerpt: On April 22, 2026, Axos Bank (the “Bank”), a subsidiary of Axos Financial, Inc. (the “Registrant”), entered into a purchase and assumption agreement (the “Agreement”) with Capital One, National Association (“Capital One”) to acquire individual retirement accounts (“IRAs”) with an aggregate balance of approximately $3.2 billion deposited into associated savings and certificate of deposit accounts, along with certain assets and liabilities related thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1299709/000129970926000027/0001299709-26-000027-index.htm

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