Axos Bank is an American federally chartered direct bank headquartered in San Diego, California. It is the main consumer brand of Axos Financial. Founded and headquartered in San Diego, California, Axos has offices in Los Angeles, California; Laguna Hills, California; Las Vegas, Nevada; Salt Lake City, Utah; Kansas City, Kansas; and Columbus, Ohio. The bank has three branches located in San Diego, California; Las Vegas, Nevada;, and Columbus, Ohio. Axos Bank holds approximately $10 billion in assets and deposits and employs approximately 800 people. Axos Bank is federally charted, regulated by the Office of the Comptroller of the Currency, and insured by the Federal Deposit Insurance Corporation. It is a Better Business Bureau accredited business. Axos Bank was previously known as BofI Federal Bank until it rebranded in October 2018. Axos Bank, formerly Bank of Internet USA, was founded in 1999 by Jerry Englert, the founder of Bank of Del Mar, and Gary Lewis Evans, who was president of La Jolla Bank at the time. The bank was among the first digital banks in the world. The bank's holding company, BofI Holding, Inc., was incorporated in the state of Delaware in July 1999 for the stated purpose of organizing and opening an Internet-based bank. The opening day of the bank was on July 4 for three reasons. One, Mr Englert wanted its customers to realize that although traditionally July 4 is a bank holiday, people would still be able to access the bank due to its online format. Second, he wanted to pay homage to his oldest daughter's birthday. Finally, the theme of the bank "Independence from traditional banking" jibed with the holiday's history.