Axos Bank agrees to buy $3.2 billion of IRA deposits from Capital One
On April 22, 2026, Axos Bank, a subsidiary of Axos Financial, agreed to acquire individual retirement accounts from Capital One, National Association, with an aggregate deposit balance of about $3.2 billion, along with certain related assets and liabilities. The bank will pay cash equal to the deposit balance less a negotiated premium, and the filing does not disclose the premium amount because it is redacted. The deal requires approval from the Office of the Comptroller of the Currency and is expected to close later in calendar year 2026.
Key points
- Acquired IRAs have an aggregate balance of approximately $3.2 billion in associated savings and certificate of deposit accounts.
- Purchase price equals the aggregate deposit balance less a negotiated premium; the premium amount is redacted in Exhibit 99.1.
- Closing is subject to Office of the Comptroller of the Currency approval and is expected later in calendar 2026.
- Agreement is dated April 22, 2026, with Capital One, National Association; the 8-K was filed April 23, 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 April 23, 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.