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OCC approves acquisition of MWABank's deposits by Axos Bank

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OCC approves acquisition of MWABank's deposits by Axos Bank

The Office of the Comptroller of the Currency approved the assumption of Rock Island, Ill.-based MWABank's deposits by Axos Bank.

Axos Bank will acquire approximately $173 million in deposits from MWABank.

Axos Bank is a unit of San Diego-based Axos Financial Inc.