Market Overview

BofI Federal Bank Signs Agreement to Acquire $3 Billion of Deposits from Nationwide Bank

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BofI Holding, Inc. (NASDAQ:BOFI) (the "Company"), parent of BofI
Federal Bank ("BofI" or the "Bank"), announced today that the Bank has
signed a deposit purchase and assumption agreement ("DAA") with
Nationwide Bank to acquire approximately $3 billion in deposits from
Nationwide Bank, including $1 billion in checking, savings and money
market accounts and $2 billion in time deposit accounts. BofI and
Nationwide Bank expect to receive regulatory approval and complete the
deposit acquisition and transfer during the fourth quarter of 2018.

"We are excited to welcome Nationwide Bank's nearly 100,000 deposit
customers to BofI," began Gregory Garrabrants, President and Chief
Executive Officer of BofI Holding, Inc. "Our track record of
successfully completing similar transactions with Principal Bank and H&R
Block provide us with a high degree of confidence that we will have a
seamless transition. We look forward to offering Nationwide Bank
customers our full suite of consumer, commercial and small business
banking products and services once the transaction closes."

"BofI is a strong and stable institution with many similarities to
Nationwide Bank. Both companies are direct, digital banks with a
customer-centric approach to banking," said Terrance Williams, Chief
Marketing Officer and President of Emerging Businesses for Nationwide.
"Because of these similarities, as well as BofI's depth of product
offerings and history of successful transitions, we feel confident that
it's the right partner to provide banking services to our customers
going forward."

A deposit premium commensurate with the fair market value of the
deposits purchased will be funded from excess capital at the Bank. The
Company expects the transaction to be immediately accretive to earnings
and tangible book value.

About Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the
largest and strongest diversified insurance and financial services
organizations in the U.S. and is rated A+ by both A.M. Best and Standard
& Poor's. The company provides a full range of insurance and financial
services, including auto, commercial, homeowners, farm and life
insurance; public and private sector retirement plans, annuities and
mutual funds; banking and mortgages; excess & surplus, specialty and
surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.

About BofI Holding, Inc.

BofI Holding, Inc. (NASDAQ:BOFI) is the holding company for BofI
Federal Bank, a nationwide bank that provides financing for single and
multifamily residential properties, small-to-medium size businesses in
target sectors, and selected specialty finance receivables. With
approximately $9.5 billion in assets, BofI Federal Bank provides
consumer and business banking products through its low-cost distribution
channels and affinity partners. BofI Holding, Inc.'s common stock is
listed on the NASDAQ Global Select Market under the symbol "BOFI" and is
a component of the Russell 2000® Index, the S&P SmallCap 600® Index, and
the KBW Nasdaq Financial Technology Index. For more information on BofI
Federal Bank, please visit bofifederalbank.com.

Forward-Looking Safe Harbor Statement

This press release contains forward-looking statements that involve
risks and uncertainties, including without limitation statements
relating to BofI and Nationwide Bank's receipt of regulatory approval
and ability to complete the deposit transaction, BofI's financial
prospects and other projections of its performance and asset quality,
BofI's ability to grow and increase its business, diversify its lending,
and the anticipated timing and financial performance of new initiatives.
These forward-looking statements are made on the basis of the views and
assumptions of management regarding future events and performance as of
the date of this press release. Actual results and the timing of events
could differ materially from those expressed or implied in such
forward-looking statements as a result of risks and uncertainties,
including without limitation our ability to successfully combine and
integrate the assumed deposits from Nationwide Bank and our ability to
do so without disrupting our ongoing business. These and other risks and
uncertainties detailed in BofI's periodic reports filed with the
Securities and Exchange Commission could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in their
entirety by this cautionary statement, and BofI undertakes no obligation
to revise or update any forward-looking statements to reflect events or
circumstances after the date of this press release.

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