Axos Bank agrees to buy about $2.6 billion of Jenius Bank U.S. consumer deposits
Axos Bank, a subsidiary of Axos Financial, agreed on February 12, 2026 to acquire all U.S. consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK, for an estimated $2.6 billion at closing. The Bank will receive cash for the acquired deposit balances, less a negotiated premium, and the deal requires Office of the Comptroller of the Currency approval. The filing does not state the premium amount, so its effect on shareholders cannot be measured from the document.
Key points
- Deposits to be acquired: estimated at about $2.6 billion at closing
- Seller: SMBC MANUBANK; the Bank receives cash for deposit balances, less a negotiated premium
- Subject to Office of the Comptroller of the Currency approval; expected to close in late March or April 2026
- Agreement outside date is September 30, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 12, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.