Axos Financial, Inc. (AX): M&A transaction — Axos Financial completes $2.3B deposit acquisition from Jenius Bank (SMBC)

Axos Financial, Inc.

Axos Bank acquired approximately $2.3 billion in U.S. consumer deposits from Jenius Bank, a SMBC MANUBANK digital business.
Transaction closed May 2, 2026; cash consideration paid was less a negotiated premium.
Acquisition was previously announced under a Purchase and Assumption Agreement dated February 12, 2026.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Axos Financial, Inc. completed an acquisition involving Jenius Bank, a digital banking business of SMBC MANUBANK (closed 2026-05-02).

Action: acquisition
Counterparty: Jenius Bank, a digital banking business of SMBC MANUBANK
Closing: 2026-05-02

Exact text from the filing

On May 2, 2026, Axos Bank (the “Bank”), a subsidiary of Axos Financial, Inc. (the “Company”), completed its previously announced acquisition of all of the United States consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK (“SMBC”), pursuant to the terms of the Purchase and Assumption Agreement, dated February 12, 2026

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Axos Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001299709-26-000038

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