PUBLIC NOTICE OF PROPOSED ASSUMPTION OF DEPOSIT LIABILITIESNotice is given that application has been made to the Office of the Comptroller of the Currency (OCC) for Axos Bank, a federal savings bank (“Purchasing Institution”), headquartered at 4350 La Jolla Village Drive, Suite 140, San Diego, California 92122, pursuant to the Bank Merger Act (12 U.S.C. § 1828(c)), seeking approval to assume certain deposit liabilities from Capital One, National Association (“Transferring Institution”), headquartered at 1680 Capital One Drive, McLean (Tysons Corner), Virginia 22102. The deposit liabilities to be assumed consist of individual retirement account (IRA) deposits, including Traditional and Roth IRA Certificates of Deposit and Traditional and Roth IRA Savings accounts.
This transaction is structured solely as an assumption of deposit liabilities pursuant to a Purchase and Assumption Agreement. No merger of bank charters is contemplated. The main/home offices and branch offices of both institutions will continue to operate following this transaction. The Portfolio consists exclusively of digitally originated, nationwide IRA deposit accounts (Traditional and Roth IRA CDs and IRA Savings accounts) with no physical branch presence associated with the Portfolio.
Branches/OfficesThe IRA deposit Portfolio being assumed is comprised entirely of digitally originated and digitally serviced accounts with no physical branches associated with it.This transaction will not result in any branch or office closures.
Public CommentThis notice is published pursuant to 12 USC 1828(c) and 12 CFR 5. Anyone may submit written comments on this application by May 24, 2026 to: Director for Licensing, 425 S. Financial Place, Suite 1700, Chicago, Illinois 60605, or by emailing LicensingPublicComments@occ.treas.gov. Requests for a copy of the public file on the application should be made to the Director for Licensing, 425 S. Financial Place, Suite 1700, Chicago, Illinois 60605, or by emailing Licensing@occ.treas.gov.Reference: “Axos Bank — Assumption of IRA Deposit Liabilities from Capital One, National Association” when submitting your comment.
Parties to the Transaction•Assuming Institution: Axos Bank Main Office: 4350 La Jolla Village Drive, Suite 140, San Diego, California 92122•Transferring Institution: Capital One, National Association Main Office: 1680 Capital One Drive, McLean (Tysons Corner), Virginia 22102
San Diego Union-TribunePublished: 4/24, 5/1, 5/18/26
