Axos Bank acquires $2.3 billion US consumer deposits from SMBC’s Jenius Bank

Axos Financial, Inc.

Axos Financial, Inc.

AX

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  • Axos Financial unit Axos Bank completed acquisition of all US consumer deposits of Jenius Bank, digital banking business of SMBC MANUBANK, on May 2, 2026.
  • Transaction added about $2.3 billion of deposits, with Axos Bank receiving cash net of a negotiated premium.


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