Who Owns Axos Bank and Its Parent Company

Axos Bank is a subsidiary of Axos Financial, Inc., which is a publicly traded company listed on the New York Stock Exchange.

Its parent company, Axos Financial, Inc., was founded in 2000 and has since grown to become one of the largest digital banks in the US.

Axos Financial, Inc. is headquartered in San Diego, California, and has a market capitalization of over $4 billion.

Axos Bank operates as a digital bank, offering a range of financial products and services to its customers.

Axos Bank is a wholly-owned subsidiary of Axos Financial, Inc., a publicly traded financial services company.

Axos Financial, Inc. operates as a holding company, overseeing the bank's operations and ensuring they align with the organization's broader strategic goals. This structure is common in the banking industry, allowing the holding company to manage its subsidiaries more effectively.

Axos Financial, Inc. owns other subsidiaries, such as Axos Clearing LLC and Axos Invest, Inc., which provide securities clearing, custodial services, and investment advisory services, respectively.

Axos Financial has made several strategic acquisitions to expand its services and offerings.

In March 2016, the company acquired $140 million of equipment leases from Pacific Western Equipment Finance.

The company's acquisition of Epiq System's Chapter 7 business in April 2018 made it the second-largest company in the Chapter 7 bankruptcy and fiduciary services field.

Axos Financial acquired COR Clearing LLC in January 2019, which was rebranded as Axos Clearing.

Axos Financial acquired the robo-advisory platform WiseBanyan in March 2019, which was rebranded as Axos Invest.

Axos Financial acquired E*TRADE Advisor Services in August 2021, which was rebranded as Axos Advisor Services.

Axos Bank has made significant acquisitions over the years, expanding its customer base and services.

In September 2013, the bank acquired $173 million in deposits from Principal Bank, marking one of its earliest major acquisitions.

The bank continued to grow through acquisitions, purchasing the bank unit of H&R Block in September 2015, and becoming the exclusive provider of H&R Block's refund anticipation loans in 2018.

Axos Bank acquired approximately $3 billion in deposits and 40,000 customers from Nationwide Bank in November 2018.

The two companies have an agreement to market to each other's customers, further expanding Axos Bank's reach.

In March 2019, Axos acquired $175 million in deposits from MWABank, solidifying its position as a major player in the banking industry.

In August 2023, the bank acquired the marine finance business of Bank of Clarke, diversifying its services and offerings.

In December 2023, Axos Bank acquired two loan portfolios from the FDIC containing 58 commercial loans with a total unpaid principal balance of $1.253 billion.

Axos Financial, Inc. has a diverse ownership base, including institutional and individual shareholders. Institutional investors play a significant role in the ownership of Axos Financial, Inc.

Some of the largest institutional shareholders of Axos Financial, Inc. include investment firms such as BlackRock, Vanguard Group, and State Street Corporation. These institutions hold a substantial portion of the company's outstanding shares.

Individual shareholders, including company executives and board members, also own a portion of Axos Financial, Inc. Gregory Garrabrants, the CEO, is one of the notable individual shareholders, holding a significant number of shares.

The interests of the management team are aligned with those of the shareholders, ensuring that the company is managed in a way that maximizes shareholder value.