On July 7, 2026, Axos Nevada Holding, LLC, a subsidiary of Axos Financial, Inc., announced that it has entered into a definitive agreement to acquire Arc Technologies, Inc., a financial technology platform.

Axos Financial, Inc., headquartered in San Diego, California, and with approximately $29.2 billion in consolidated assets, is the holding company for Axos Bank, Axos Clearing LLC, which has approximately $44.0 billion of assets under custody and/or administration, Axos Invest, Inc., which provides securities clearing and digital investment advisory services, and Axos Nevada Holding, LLC.

Arc Technologies, Inc. is a cash management and capital markets platform that helps businesses manage cash, unlock yield, raise debt capital and access AI-powered financial services through a unified platform.

Luse Gorman is serving as legal counsel to Axos in the transaction. The Luse Gorman team consists of Zachary Davis, Brendan Clegg and Max Seltzer.

Luse Gorman has acted as counsel on more than 100 M&A transactions involving banks during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.