Axos Financial, Inc. /
Capital One, National Association
Axos Bank agrees to buy IRA accounts from Capital One
Source for the buyer and target: Axos Financial, Inc.
For the buyer and target.
“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.”
Published 23 Apr 2026
Open the sourceWhat happened
Axos Bank, a subsidiary of Axos Financial, Inc., agreed to acquire individual retirement accounts held at Capital One, National Association, with an aggregate balance of about $3.2 billion in associated savings and certificate of deposit accounts. Under the deal, Axos Bank will receive cash for the deposit balance, less a negotiated premium. [01]
The acquisition is subject to approval by the Office of the Comptroller of the Currency and is expected to close later in calendar year 2026. Terms weren't disclosed beyond the deposit figures. [01]
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Axos Bank agrees to buy IRA accounts from Capital One
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