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Smith's base was ownership of the United States National Bank in San Diego, of which he had purchased controlling interest in 1933. The bank grew to become the 86th largest bank in the country with $1.2 billion in total assets.
Garrabrants earned $34.5 million in 2018, making him the highest paid bank CEO that year. [11] On October 1, 2018, BofI Holding re-branded as Axos Financial, and switched its stock exchange from NASDAQ to the NYSE. Bank of Internet was rebranded as Axos Bank. [12] [13] [14]
The disruptive branchless model of Bank of Internet gives the institution lower overhead than a traditional bank, which is one of the reasons it has been growing at a ... 800-290-4726 more ways to ...
United States National Bank of San Diego (USNB) was a large California bank seized by the Federal Deposit Insurance Corporation (FDIC) in 1973 due to the malfeasance of its owner, C. Arnholt Smith (1899–1996). It was, at the time, the largest bank ever seized by the FDIC.
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