BofI Holding, Inc. is Now Axos Financial, Inc.
September 12 2018 - 8:00AM
Business Wire
Effective October 1, 2018, Axos Financial will
begin trading on NYSE under new ticker symbol “AX”
BofI Holding, Inc. (NASDAQ: BOFI) (the “Company”), parent of
BofI Federal Bank, announced that effective today, its new
corporate name is Axos Financial, Inc. (“Axos Financial”).
Additionally, BofI Federal Bank will become Axos Bank on October 1,
2018.
“Our new brand better reflects the diversity of our existing
businesses and aligns more closely with our strategic vision,”
explained Gregory Garrabrants, President and Chief Executive
Officer of Axos Financial. “As a technology-driven financial
services company providing a diverse set of innovative products and
services to personal, business and institutional clients
nationwide, Axos Bank will continue to focus on the utilization of
technology to evolve the banking experience.”
The Company also announced the pending 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 expects to begin trading on
NYSE on October 1, 2018, under the new ticker symbol “AX” for its
common stock and “AXO” for its subordinated notes. The Company’s
common stock and subordinated notes are expected to continue to
trade on NASDAQ until the close of the market on September 28,
2018.
Mr. Garrabrants continued, “We are honored to join the NYSE.
Many of the world’s greatest companies are listed on the NYSE and
we are proud to become a member. We are grateful for the generous
support from our clients, colleagues, partners and shareholders
since our IPO in 2005. I look forward to our exciting future as we
execute our next phase of growth.”
About Axos Financial, Inc.
Axos Financial, Inc. is the holding company for BofI
Federal Bank, which will become Axos Bank on October 1. BofI
Federal 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, BofI Federal
Bank provides consumer and business banking products through its
low-cost distribution channels and affinity partners. For more
information on BofI Federal Bank, please visit bofifederalbank.com.
For more information on the rebranding of BofI Federal Bank to Axos
Bank, please visit https://www.axosbank.com.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties, including without limitation
statements relating to Axos Financial’s financial prospects
and other projections of its performance and asset quality,
Axos Financial’s ability to grow and increase its business,
diversify its lending, the outcome and effects of pending class
action litigation filed against the Company, and the anticipated
timing and financial performance of new initiatives. These
forward-looking statements are made on the basis of the views and
assumptions of management regarding future events and performance
as of the date of this press release. Actual results and the timing
of events could differ materially from those expressed or implied
in such forward-looking statements as a result of risks and
uncertainties, including without limitation changes in interest
rates, inflation, government regulation, general economic
conditions, conditions in the real estate markets in which we
operate and other factors beyond our control. These and other risks
and uncertainties detailed in Axos Financial’s periodic
reports filed with the Securities and Exchange Commission could
cause actual results to differ materially from those expressed or
implied in any forward-looking statements. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and Axos Financial undertakes no
obligation to revise or update any forward-looking statements to
reflect events or circumstances after the date of this press
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180912005342/en/
Axos Financial, Inc.Johnny Lai, CFAVP, Corporate Development and
Investor Relations1-858-649-2218jlai@axosfinancial.com
Axos Finl (delisted) (NASDAQ:BOFI)
Historical Stock Chart
From Feb 2025 to Mar 2025
Axos Finl (delisted) (NASDAQ:BOFI)
Historical Stock Chart
From Mar 2024 to Mar 2025