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Axos Financial opens commercial banking offices in New York, LA

Axos Financial Inc., the parent of Axos Bank, said it has opened commercial banking offices in New York and Los Angeles. 

Axos, which originally launched as a digital bank in 2000, has expanded its financial services portfolio in recent years through a series of acquisitions, including the 2018 acquisition of wealth management platform Wisebanyan. 

Axos said it opened its Los Angeles location in July, about six weeks after opening in Midtown Manhattan. Axos provides loans, deposits and Treasury management services to privately-held, mid-market companies. 

"The nation's two largest metropolitan areas are home to a majority of our commercial lending and banking clients," Greg Garrabrants, president and CEO of Axos, said in a company release. "With these new locations in the heart of New York and Los Angeles, we're offering these clients significant value: the expertise of in-market senior bankers, underpinned by highly competitive products and strong digital technology."

Axos recently partnered with N26, which launched its mobile banking service in the U.S., backed by FDIC coverage through Axos.