Jenius Bank Acquired by Axos Bank | Financial Services M&A Deal

Axos Bank has acquired Jenius Bank, a banking business in Nevada, for an undisclosed amount. Jenius Bank provides deposit accounts and related banking services that expand Axos Bank’s retail deposit base and customer relationships. Axos Bank acquisitions in financial services M&A support a divestiture acquisition strategy focused on strengthening core banking operations in NV. The strategic acquisition is structured as a divestiture acquisition and is categorized as a strategic acquisition within banking acquisition activity, with deal terms and closing timing not disclosed in the announcement.