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Stock impact report

Axos Bank Expands Commercial Banking in Silicon Valley with new Technology & Life Sciences Banking Division

Axos Financial, Inc. (AX) 
Company Research Source: Business Wire
Silicon Valley industry veteran Rod Werner joins as Head of Technology and Life Sciences Banking along with 10 experienced bankers SAN DIEGO--(BUSINESS WIRE)--Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), announced its launch of their Technology & Life Sciences Banking Division. Led by Silicon Valley industry veteran Rod Werner, Axos enters the innovation economy with an experienced and talented team.The new division will have dedicated teams in Palo Alto, San Francisco, Boston, New York, and LA focused on supporting Venture Capital and Private Equity Firms directly as well as the firm’s portfolio companies through three distinct but coordinated verticals: Sponsor Finance, Lender Finance, and Fund Finance. With a focus on Software, AI, Fintech, and Healthcare IT sectors, this new division will offer recurring revenue lines of credit, term loans for mergers and acquisitions, as well as treasury management solutions to support startups, growth-stage co Show less Read more
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