Axos Announces the Election of Sara Wardell-Smith as an Independent Member of the Board of Directors

Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”) announces the election of Sara Wardell-Smith as an independent director of the Board of Directors of the Company and the Board of Directors of Axos Bank, effective December 1, 2023. Ms. Wardell-Smith has extensive experience in wholesale banking, global payments, fintech partnerships and board service.

“On Axos’ behalf, I would like to extend a warm welcome to Sara,” said Paul Grinberg, Chairman of the Board of Directors. “Sara’s leadership and expertise from her experience at global leaders such as Visa and Wells Fargo will be highly additive as Axos prepares for its next decade of growth.”

Ms. Wardell-Smith is the former head of Visa’s commercial business across North America overseeing product, partnerships, sales and platforms. While at Visa, she led financial institution initiatives that modernized beyond cards into real-time payments, cross-border payments, and new payment flows. Prior to Visa, Ms. Wardell-Smith was an Executive Vice President at Wells Fargo and served on the Management Committee. Ms. Wardell-Smith has served on several boards, including the U.S. board of Revolut, one of the world’s largest and fastest-growing fintech companies and challenger banks, and the CLS Group, which operates the world’s largest multi-currency cash settlement system designed for financial institutions.

“I’m delighted to join a dynamic and diverse board,” stated Sara Wardell-Smith, new director of Axos. “I look forward to working with the board and senior management to continue the successful Axos trajectory to becoming a diversified financial services leader.”

About Axos Financial, Inc. and Subsidiaries

Axos Financial, Inc., with approximately $20.8 billion in consolidated assets as of September 30, 2023, is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division Axos Advisor Services), with approximately $33.9 billion of assets under custody and/or administration as of September 30, 2023, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX” and is a component of the Russell 2000 Index, the S&P SmallCap 600 Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index. For more information on Axos Financial, Inc., please visit http://investors.axosfinancial.com.