Axos Bank acquired about $1.9 billion of IRA deposits and received cash, increasing funding and liquidity; a negotiated premium reduces some benefit but does not erase it.
The deal meaningfully increases Axos Bank's deposit base and gave the bank cash, which strengthens funding and liquidity. A negotiated premium reduces the immediate gain, but the added deposits and cash dominate the outcome.
Capital One sold about $1.9 billion of IRA deposits to Axos; the filing does not show the financial terms for Capital One, so this report alone does not change Capital One's outlook.
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