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Axos Bank history
Axos Bank company history timeline
He helped the company grow and led it to a successful IPO in 2005.
Garrabrants became the president and CEO of Axos Bank in 2007, where he was previously the senior vice president and head of corporate business development.
Axos Bank’s Rewards Checking Account was first launched in July 2011 under the bank’s original name, Bank of Internet USA. The top rate was 1.25% APY at that time, and this rate has held for more than nine years.
All balances could qualify for 1.25% APY. That ended in early 2013 when the Bank introduced a balance cap of $150,000.
Englert served as chairman of Bofi, but passed away in 2014.
Now based in San Diego, Bofi rebranded as Axos Bank in 2018.
The successful launch of our Universal Digital Bank consumer platform and its delivery to nearly all of our customers in the summer of 2018 was the result of two years of meticulous work.
Axos Bank has grown into a sizable bank with total assets of $11.5 billion and total deposits of $9.6 billion as of March 31, 2020.
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Axos Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| MKP Capital Management | 1995 | $23.2M | 79 | 1 |
| Florida Bank Group | 1985 | $35.1M | 100 | - |
| Pacific Coast Bankers' Bank | - | $1.1M | 50 | - |
| Nuveen Investments | 1898 | $431.3M | 1,200 | 117 |
| New York Life Investments | 1986 | - | 2,000 | - |
| Wilmington Trust | 1985 | $1.1B | 2,672 | 34 |
| Triad Financial Sm Llc | 1989 | $230.0M | 1,150 | 2 |
| Wells Capital Management | 1996 | $94.6M | 534 | - |
| PrivateBancorp | 1989 | $812.8M | 1,301 | - |
| Silicon Valley Bank | 1983 | $4.0B | 3,600 | 7 |
Axos Bank history FAQs
Zippia gives an in-depth look into the details of Axos Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Axos Bank. The employee data is based on information from people who have self-reported their past or current employments at Axos Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Axos Bank. The data presented on this page does not represent the view of Axos Bank and its employees or that of Zippia.
Axos Bank may also be known as or be related to Axos Bank, BOFI Federal Bank, BofI Federal Bank and Bofi Federal Bank.