Axos to Acquire $3.2 Billion in IRA Accounts from Capital One

Published: 2026-04-23 09:27:25 ET COF

Published on 04/23/2026 at 09:27 am EDT

By Rob Curran

Bank holding company Axos Financial agreed to acquire individual retirement accounts with an aggregate $3.2 billion balance from larger lender Capital One.

Axos will receive cash equivalent to the balances of the IRA accounts, less an agreed premium. The acquisition is subject to the approval of banking regulator the Office of the Comptroller of the Currency and is expected to close later this year.

Write to Rob Curran at [email protected]

(END) Dow Jones Newswires

04-23-26 0926ET