Axos Financial

Axos Financial, Inc. is a U.S. bank holding company based in Las Vegas, Nevada. Its principal operating subsidiary is Axos Bank, a direct bank that delivers consumer, business, commercial, and institutional banking services primarily through digital channels rather than a traditional nationwide branch network. The group also provides registered investment-adviser services and operates an electronic trading platform, giving it a broader financial-services scope than a single-purpose online deposit institution. The company traces its origins to 1999, when Jerry Englert, who had founded Bank of Del Mar, and Gary Lewis Evans, formerly president of La Jolla Bank, established the business as BofI Holding, Inc. with reported start-up capital of $14 million. The operating bank began business on July 4, 2000, under the name Bank of Internet. The choice of Independence Day was intended to emphasize both the bank's ability to operate when many traditional banks were closed and the idea of independence from conventional branch banking. BofI Holding became a publicly traded company through an initial public offering in March 2005. Gregory Garrabrants, previously a senior vice president at IndyMac Bancorp, became chief executive officer in October 2007. Under his leadership, the company continued developing a technology-centered banking model and expanded its lending and financial-services activities. The institution became known for using a relatively flexible underwriting approach in selected lending categories, including making larger loans to affluent borrowers who might not fit the policies of some other banks, generally at pricing reflecting the additional risk or complexity. A major corporate-branding change occurred on October 1, 2018. BofI Holding adopted the name Axos Financial, while Bank of Internet was renamed Axos Bank. The company also moved its stock-market listing from Nasdaq to the New York Stock Exchange. The Axos name was intended to unify the holding company and its operating businesses under a broader financial-services identity rather than one tied specifically to internet banking. Axos's business model combines deposits, lending, and other financial infrastructure. Through Axos Bank, its offerings include checking and savings products, certificates of deposit, residential and commercial real-estate lending, specialty lending, business banking, and services for institutional or wholesale clients. The group also has exposure to investment advice and electronic securities trading. This combination allows Axos to serve retail customers while also pursuing lending and platform businesses that are less dependent on physical branches. The company has attracted attention for lending relationships with high-net-worth borrowers and property owners. Publicly described examples include financing associated with Donald Trump and properties connected with the Trump Organization, including a reported $100 million mortgage secured by Trump Tower in 2022 and financing for Trump National Doral Miami. These relationships are relevant to understanding Axos's lending profile, but the available reference material does not establish that they constituted misconduct or a legal violation. Axos Financial remains an active publicly listed U.S. financial institution. Its identity is centered on digitally delivered banking, balance-sheet lending, and adjacent financial-services capabilities. Because the supplied reference material provides limited detail on current senior management beyond Gregory Garrabrants, detailed present-day executive information is left incomplete.

Axos Financial originated in 1999 as BofI Holding, Inc. The company was established by Jerry Englert, founder of Bank of Del Mar, and Gary Lewis Evans, who had served as president of La Jolla Bank. The founders reportedly assembled $14 million in start-up capital for a banking venture designed around remote and electronic delivery rather than a conventional branch network. Operations began on July 4, 2000, as Bank of Internet. The launch date was deliberately associated with U.S. Independence Day: it highlighted that the new institution could operate on a holiday when many traditional banks were closed and supported the broader marketing concept of independence from traditional banking. The business model relied on internet-based customer access and centralized operations, allowing the bank to compete without building an extensive physical branch footprint. The holding company reached the public markets on March 15, 2005, through an initial public offering. It offered 3,052,745 shares of common stock at $11.50 per share, according to the cited historical account. Public ownership gave the company access to equity capital while it continued developing its deposit-gathering and lending platform. Gregory Garrabrants became chief executive officer in October 2007 after previously serving as a senior vice president at IndyMac Bancorp. His tenure coincided with the company's development from a narrowly named internet bank into a broader financial-services organization. The group expanded beyond basic online deposits into residential and commercial lending, specialty finance, business banking, investment-adviser services, and electronic trading. Its lending strategy included larger loans to affluent individuals and property owners who might not have been served by more standardized underwriting programs. The most visible identity change came in 2018. On October 1, BofI Holding was renamed Axos Financial, and Bank of Internet became Axos Bank. The company also changed its exchange listing from Nasdaq to the New York Stock Exchange. The rebrand separated the corporate identity from the narrower phrase 'Bank of Internet' and created a common Axos naming system for the holding company and its principal operating bank. Axos has subsequently remained associated with digital banking and specialized lending. Its public profile has also reflected lending to prominent real-estate borrowers. The reference material states that the company made an aggregate of $400 million in loans to Donald Trump and that, in March 2022, it funded a $100 million mortgage secured by Trump Tower. It also financed Trump National Doral Miami. These transactions illustrate the institution's willingness to participate in large, relationship-based property loans, but the supplied sources do not characterize them as scandals or establish wrongdoing. The loan book has meaningful exposure to several U.S. real-estate markets. The reference material reports that, on June 30, 2025, approximately 28.7% of loans were secured by Southern California properties, 7.1% by Northern California properties, 28.2% by New York properties, 12.0% by Florida properties, and 5.5% by Texas properties. This geographic distribution is relevant to the company's risk profile because property-market conditions in those regions can affect collateral values and borrower performance. Today, Axos Financial is an active public bank holding company whose principal brand is Axos Bank. It combines a direct-bank operating model with lending, investment-adviser, and electronic-trading capabilities. The available reference material does not provide a complete account of all acquisitions, current directors, or the latest operating results, so those areas are not expanded beyond documented information.

• 2025

  Reported loan concentration by property market

  [1]Axos Financialen.wikipedia.org

  The reference material reports substantial secured-loan exposure in Southern California, Northern California, New York, Florida, and Texas as of June 30.

• 2022

  Trump Tower mortgage financing

  [1]Axos Financialen.wikipedia.org

  Axos funds a reported $100 million mortgage secured by Trump Tower.

• 2018

  Corporate and banking rebrand

  [1]Axos Financialen.wikipedia.org

  BofI Holding becomes Axos Financial, Bank of Internet becomes Axos Bank, and the stock listing moves from Nasdaq to the NYSE.

• 2007

  Gregory Garrabrants becomes chief executive

  [1]Axos Financialen.wikipedia.org

  Gregory Garrabrants, formerly a senior vice president at IndyMac Bancorp, is appointed CEO in October.

• 2005

  Initial public offering

  [1]Axos Financialen.wikipedia.org

  BofI Holding becomes a public company through an IPO on March 15, 2005.

• 2000

  Bank of Internet begins operations

  [1]Axos Financialen.wikipedia.org

  The company's banking operation launches on July 4 as Bank of Internet, using a direct, internet-based model.

• 1999

  BofI Holding is founded

  [1]Axos Financialen.wikipedia.org

  Jerry Englert and Gary Lewis Evans establish BofI Holding, Inc. with reported start-up capital of $14 million.

Technology-led U.S. financial-services holding company combining direct banking, specialized lending, investment-adviser services, and electronic trading.

• Direct bank · 2000

  Axos Bank

  Axos Bank is the group's principal banking subsidiary and the successor to Bank of Internet. It provides banking through digital channels, including consumer, business, commercial, and institutional services. Its direct-bank structure is designed to serve customers without relying on a large traditional branch network. The bank also originates a range of secured and specialty loans, including lending connected with residential and commercial real estate.

• Digital banking

  Consumer banking

  Axos's consumer banking activities include digitally delivered deposit and transaction products such as checking, savings, and certificates of deposit. The offering reflects the company's original internet-banking orientation, with account access and servicing handled primarily through electronic channels rather than a broad physical branch network.

• Lending

  Commercial and specialty lending

  The lending platform serves business and commercial borrowers and includes real-estate-secured and specialty lending. The company has been associated with larger loans to affluent individuals and property owners, including borrowers who may not fit more standardized lending policies. The available material does not provide a complete product catalogue or underwriting terms.

• Investment services

  Registered investment-adviser services

  Axos Financial offers registered investment-adviser services as an adjacent financial-services activity. These services extend the group beyond deposit-taking and lending into investment-related advice. The supplied reference does not identify the full advisory brand structure, assets under management, or detailed client segments.

• Electronic trading

  Electronic trading platform

  The group operates an electronic trading platform, adding securities-trading infrastructure to its banking and lending businesses. The platform is part of Axos Financial's broader strategy of combining technology-enabled financial services under one corporate group. Specific instruments, customer segments, and platform milestones are not detailed in the supplied sources.

• 2022

  Finance a mortgage secured by Trump TowerOther

  Background

  Axos pursued large, relationship-based property lending involving prominent high-net-worth borrowers.

  Action taken

  The bank funded a reported $100 million mortgage loan secured by Trump Tower.

  Aftermath

  The transaction increased public attention on Axos's high-value real-estate lending relationships. The supplied material does not report a legal finding or misconduct determination concerning the loan.

  Source

• 2018

  Adopt the Axos corporate and banking brandStrategy

  Background

  The company had grown beyond the narrow identity implied by Bank of Internet and operated across banking and other financial services.

  Action taken

  BofI Holding was renamed Axos Financial, Bank of Internet was renamed Axos Bank, and the company moved its exchange listing from Nasdaq to the NYSE.

  Aftermath

  The rebranding created a unified Axos identity for the holding company and its principal bank and positioned the group as a broader technology-led financial-services organization.

  Source

1. 1Axos Financialen.wikipedia.org
2. 2Axos Financial official websiteaxosfinancial.com