Axos Financial begins trading on NYSE under the ticker symbol “AX”
SAN DIEGO--(BUSINESS WIRE)--
BofI Federal Bank, the banking subsidiary of Axos Financial, Inc.
(NYSE:AX), announced that effective today, it has rebranded as Axos
Bank. Concurrent with the rebrand to Axos Bank, BofI Federal Bank will
cease utilizing the consumer brand Bank of Internet, U.S.A.
Commenting on the rebranding of BofI Federal Bank and the sunsetting of
the Bank of Internet, U.S.A. name, Mr. Garrabrants stated, “We started
our digital banking journey almost two decades ago with our Bank of
Internet, U.S.A. brand focusing consumers on the value that we delivered
to them as a result of our digital delivery and streamlined cost
structure. Our business has evolved, and we serve a diverse set of
consumers, small businesses, and institutional clients through a variety
of channels and strategic partnerships. Our new brand better reflects
the diversity of our existing businesses and aligns more closely with
our strategic vision to utilize technology to differentiate and
personalize financial services to our diverse client base. We will not
lose our heritage as a financial institution that was born digital and
we intend to aggressively utilize technology to evolve our banking
experience to ensure that we remain a leading technology-driven
financial services company.”
Axos Financial, Inc., formerly BofI Holding, Inc. (NASDAQ: BOFI), also
announced the completion of its transfer of its stock exchange listing
of common stock and subordinated notes from the NASDAQ Global Select
Market (“NASDAQ”) to the New York Stock Exchange (“NYSE”).
Axos Financial began trading on the NYSE this morning under the new
ticker symbol “AX” for its common stock and “AXO” for its subordinated
notes. The Company’s common stock and subordinated notes ceased trading
on NASDAQ at the close of the market on September 28, 2018. President
and Chief Executive Officer Greg Garrabrants said, “We are delighted to
join the vast majority of significant financial services companies that
have chosen to list their securities on the NYSE. We are pleased to have
obtained our new ticker symbol, “AX”, one which reflects accurately the
new name of our organization, is memorable, and easily identifiable.”
About Axos Financial, Inc.
Axos Financial, Inc. is the holding company for Axos Bank. Axos Bank is
a nationwide bank that provides financing for single and multifamily
residential properties, small-to-medium size businesses in target
sectors, and selected specialty finance receivables. With nearly $10
billion in assets, Axos Bank provides consumer and business banking
products through its low-cost distribution channels and affinity
partners. For more information on Axos Bank, please visit axosbank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181001005386/en/
Axos Financial, Inc.
Johnny Lai, CFA
VP, Corporate Development
and Investor Relations
1-858-649-2218
jlai@axosfinancial.com
Source: Axos Financial, Inc.