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Axos Bank Completes Acquisition of $1.9 Billion in IRA Deposits from Capital One

PUBLIC · AXSep 21, 2026about 3 hours ago

Acquiring Company

Axos Financial

Acquired Company

CAPITAL ONE NATIONAL ASSOCIATION

United StatesUnited StatesFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceFintechLendingBanking

Description

On September 21, 2026, Axos Bank, a subsidiary of Axos Financial, Inc., successfully completed its acquisition of individual retirement accounts deposited into associated savings and certificate of deposit accounts from Capital One. The transaction involves approximately $1.9 billion in IRA deposits. Cash was received for the aggregate deposit balance, less a negotiated premium.

Company Information

Company

Axos Financial

Location

United States

About

Axos Financial, Inc. is a financial services company primarily engaged in providing a diverse range of banking and financial products and services. The company offers services that include personalized online banking, mortgages, auto loans, and various investment products, catering to both consumers and businesses. Headquartered in Las Vegas, Nevada, Axos Financial focuses on the digital banking sector, leveraging technology to deliver its services efficiently. The firm operates nationwide within the United States, emphasizing innovative solutions and customer engagement. In recent business developments, Axos has adopted strategic initiatives to enhance its technological capabilities and expand its market presence in the fintech industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired CAPITAL ONE NATIONAL ASSOCIATION?

CAPITAL ONE NATIONAL ASSOCIATION was acquired by Axos Financial, based in United States. The deal was reported on September 21, 2026. Axos Financial, Inc. is a financial services company primarily engaged in providing a diverse range of banking and financial products and services. Axos Financial is publicly traded (AX) and operates in Financial Services.

When did Axos Financial acquire CAPITAL ONE NATIONAL ASSOCIATION?

Axos Financial's acquisition of CAPITAL ONE NATIONAL ASSOCIATION was reported on September 21, 2026. On September 21, 2026, Axos Bank, a subsidiary of Axos Financial, Inc., successfully completed its acquisition of individual retirement accounts deposited into associated savings and certificate of deposit accounts from Capital One. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does CAPITAL ONE NATIONAL ASSOCIATION do?

Capital One, National Association is a prominent financial institution based in Virginia, primarily involved in providing a wide range of banking and financial services including credit cards, auto loans, banking accounts, and savings accounts. It is privately held, operating in Financial Services, and is based in United States.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.