SAN DIEGO, CA -- (MARKET WIRE) -- 10/26/10 -- BofI Holding, Inc. ("BofI") (NASDAQ: BOFI), parent of Bank of Internet USA (the "Bank"), today announced the hiring of Morgan Ferris to oversee the growth and development of its Apartment Bank lending division.

Mr. Ferris, a veteran in the Small Balance Commercial Real Estate Lending arena, brings nearly 17 years of commercial real estate experience to an already seasoned staff. BofI currently has a well performing portfolio of nearly $600 million in multifamily real estate loans.

Morgan, previously with Commercial Capital Bancorp, Washington Mutual Multifamily Lending and Indymac Commercial Lending, was recruited by Bank of Internet to spearhead the growth of the Apartment Bank product. When asked how BofI plans to compete in this market, Mr. Ferris replied, "We have a very well respected and seasoned sales and processing team with significant experience gained at other Banks with a similar focus. We are highly focused on a good customer experience and work very hard to provide quick decisions and timely closings. The current space is wide open with many of the major players no longer in business which gives brokers and borrowers the opportunity to work with us and let us perform for them."

Our sales staff located across the country, has an average of 15 years of apartment lending experience. Given Apartment Bank's rapid growth, we are interested in seeing resumes for qualified processors, underwriters, and high performing salespeople. For additional information on Apartment Bank's multifamily loan program, please visit www.apartmentbank.com. Contact Morgan Ferris at 858-350-6200 ext 6298 or email morgan.ferris@apartmentbank.com.

BofI Holding, Inc. (NASDAQ: BOFI) is the holding company for Bank of Internet USA (the "Bank"), a nationwide savings bank that operates primarily through the Internet. The Bank provides a variety of consumer and wholesale banking services, focusing on gathering retail deposits over the Internet, and originating and purchasing single and multifamily mortgage loans, and purchasing mortgage-backed securities. BofI operates its Internet-based bank from a single location in San Diego, California. For more information on Bank of Internet USA, please visit http://www.bankofinternet.com.

For up-to-date company information and facts and figures about BofI Holding, Inc. visit www.bofiholding.com or contact Kristi Procopio at (858) 704-6239.

Contact:
Kristi Procopio
(858) 704-6239