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Axos Bank Announces Acquisition of Verdant Commercial Capital

1. Axos Bank acquires Verdant Commercial Capital, enhancing its equipment leasing portfolio. 2. Verdant holds $1.1 billion in loans and leases, boosting Axos's financial position.

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$88.5209/22 08:52 AM EDTEvent Start
$88.5209/22 08:52 AM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of Verdant strengthens Axos's asset base and diversifies its offerings, similar to past acquisitions that boosted market confidence and share prices for banks, potentially following a positive trend in stock performance.

How important is it?

The acquisition is a major strategic move likely to enhance Axos Bank's market position, directly impacting investor perception and potentially leading to significant stock price movement.

Why Long Term?

The strategic acquisition is expected to have lasting benefits through improved revenue from leasing, similar to how previous expansions have benefited Axos over time.

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SAN DIEGO--(BUSINESS WIRE)--Axos Bank (“Axos” or the “Company”), the banking subsidiary of Axos Financial, Inc. (NYSE: AX), announced today the acquisition of 100% of the membership interests in Verdant Commercial Capital, LLC (“Verdant” or “VCC”), an independent equipment leasing company with approximately $1.1 billion of loans and leases on its balance sheet at August 31, 2025, including approximately $750 million of on-balance sheet securitizations and $350 million of loans and leases. Verda.

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