article is disputed . relevant discussion may be found on the talk page . please do not remove this message until conditions to do so are met . july 2016 learn how and when to remove this template message bofi holding inc. type publicly traded corporation traded as nasdaq bofi founded 1999 delaware headquarters san diego california number of locations world wide web key people gregory garrabrants president & ceo website official bofi holding inc. website bofi holding inc. is the publicly traded california based parent company for bank of internet federal bank . 1 bofi federal bank is a federally chartered occ regulated branchless bank that distributes a variety of financial products through a branchless distribution network . 2 headquartered in san diego bofi holding inc. is listed on the nasdaq under its global select market and is a component of the russell 2000 index and the s & p smallcap 600 index . 3 its ticker symbol is bofi . 4 bofi holding inc. oversees eight diversified division brands that are unified under bofi federal bank . bofi holding inc. s brands provide financing for single and multifamily residential properties small to medium size businesses as well as consumer and business banking products . each of these brands operates exclusively online . because they do not incur the higher operating costs inherent in a branch based distribution system they are able to provide a better value to customers through industry leading interest rates on deposit products are and loan products featuring low rates and fees . 5 contents 1 bofi holding inc. brands 1.1 bofi federal bank 1.2 bank of internet usa 1.3 annuitants federal bank 1.4 apartment bank 1.5 bank x 1.6 bofi advisor 1.7 netbank 1.8 ufb direct 1.9 virtus bank 2 history 2.1 2005 to 2009 2.2 2010 to 2014 2.3 2015 present 3 recognition 3.1 2012 3.2 2013 3.3 2014 3.4 2015 3.5 2016 3.6 stock market prospects 7 18 2016 4 references 5 external links bofi holding inc. brands edit bofi federal bank edit bofi federal bank features premier online banking and financial services including business banking home loans and commercial and industrial lending . 5 bank of internet usa edit bank of internet usa is the flagship consumer direct internet banking brand of bofi federal bank . 6 as a brand it focuses on personal banking products and services aimed toward individual consumers including checking and savings accounts as well as mortgages . its motto is america s oldest and most trusted internet bank . 7 annuitants federal bank edit annuitants federal bank or anfed bank purchases structured settlements and lottery prize annuity payments with cash . 8 apartment bank edit apartment bank provides financing to investors of multifamily mixed use student and other rental housing . 9 bank x edit bank x is branded around its x checking and x savings products intended to serve the needs of consumers who leads an active lifestyle . 10 bofi advisor edit bofi advisor offers investment products with competitive rates customizable marketing collateral high touch service and an online advisor platform . all backed by the security of the fdic . 11 netbank edit netbank is the second chance brand among bofi federal bank s banking brands . netbank offers checking and savings accounts to people who may have been declined by other banks . 11 ufb direct edit ufb direct is an online bank that features an airline rewards checking account that allows customers to earn airline miles when they use their debit card and have direct deposit . 12 virtus bank edit virtus bank is the concierge banking brand of bofi federal bank offering premier checking and savings products and services . 13 history edit bofi holdings inc. bofi was incorporated in delaware in 1999 for the purpose of organizing and opening an internet based bank . 14 after designing and implementing a platform for deposit accounts and loans it formed the bank of internet in 2000 to provide online banking services to its customers . 14 in 2001 bofi began issuing and selling unregistered securities in the form of common stock options to consultants directors and employees in order to improve operations and increase profits . 15 in 2003 it began offering preferred stock to select investors . 14 a 2004 stock incentive program provided an additional opportunity for consultants directors and employees to invest in bofi . 16 2005 to 2009 edit according to filings with the securities and exchange commission bofi began publicly trading common stock on the nasdaq national market on march 15 2005 . 17 it offered 3 052 745 shares of common stock at an initial public offering price of 11.50 . 18 on its first day of trading bofi s stock opened at 11.55 and closed at 11.50 . 19 following its initial stock offering bofi holding inc. continued to expand . a 2005 annual report showed an increase in total assets from 217.6 million in 2002 to 609.5 million in 2005 . its net income rose from 1.0 million to 2.9 million over the same period . by october 2007 bofi announced that it had total assets of over 1 billion . 18 2010 to 2014 edit seeking alpha contributor andrew august recognized bofi s continued growth in 2011 stating t he company also holds a portfolio of residential mortgage backed securities rmbs valued at 561 million the real estate market backing them would have to absolutely crumble for them to take a hit . 20 in 2012 the company had assets in excess of 2.2 billion . 21 in june of the same year bofi was added to the nasdaq s omx ama community bank index nasdaq abqi which serves as a benchmark for other banks . 14 shortly after zachs.com rated bofi a strong buy in august 2012 as its stock traded above 22.00 . 22 in 2014 bofi reached an agreement with h & r block inc. to act as the bank for h & r block s branded financial service products including emerald prepaid mastercard refund transfers and emerald advance lines of credit through h & r block s retail and digital channels . 23 that same year its flagship consumer brand bank of internet usa s rewards checking account was named one of the 5 best online checking accounts of 2014 by gobankingrates.com . 24 2015 present edit bofi holding inc. was named one of the top performing banks in bank director magazine s 2015 bank performance scorecard . 25 nerdwallet also recognized bofi holding in 2015 for their bank of internet usa rewards checking as a top checking account with the best atm options . 26 at the end of 2015 bofi holding inc. reported just under 6.7 billion in total assets . 27 bofi holding continued to strengthen its partnership with tax leader h & r block in 2016 by launching a co branded individual retirement accounts iras program . this program available to h & r block customers aims to maximize tax contributions for the 2015 tax year without paying any account opening fees . 28 in 2016 bofi holding was recognized again by bank director for being a top 5 ranking bank by their bank performance scorecard . 29 recognition edit bofi federal bank received a five star superior rating from bauer financial an independent financial rating agency . 30 2012 edit bofi holding inc. ranked first place the best of the biggest thrifts by snl financial 31 2013 edit bofi holding inc. ranked first place the best of the biggest thrifts by snl financial 31 2014 edit bofi holding inc. ranked first place the best of the biggest thrifts by snl financial 31 bofi holding ranked 69 on fortune 100 fastest growing companies 32 bank of internet usa s rewards checking account was named one of the 5 best online checking accounts of 2014 by gobankingrates.com . 33 bank of internet usa rewards checking account named 2014 overall best online checking account by wallethub.com 30 bank of internet was named 1 of the top 5 online banks of 2014 by mybanktracker.com 30 2015 edit money named bofi rewards checking the best checking account in a tie with aspiration summit in its list of best banks in america 2015 16 34 bofi holding inc. named one of the top performing banks in bank director magazine s 2015 bank performance scorecard 25 bofi holding ranked 56 on fortune 100 fastest growing companies 35 nerdwallet named bank of internet usa rewards checking as a top checking account with the best atm options 36 bofi holding inc. named 2015 bank & thrift sm all star 37 bofi holding inc. ranked first place the best of the biggest thrifts by snl financial 38 2016 edit bank of internet usa named one of advisoryhq best banks to bank with in america best online banks 39 bank of internet usa named a 2016 best online bank by gobankingrates.com 40 bank of internet usa s rewards checking account was named one of 10 best checking accounts of 2016 by gobankingrates.com 41 bofi holding inc. ranked top residential real estate lender by bank director magazine 42 bofi holding inc. named one 3rd top performing bank in bank director magazine s 2016 bank performance scorecard 29 stock market prospects 7 18 2016 edit https www.valueinvestorsclub.com idea bofi holdings 3287 notes that bofi is making lots of money but it seems to be doing so via investing in debt securities rather than retail operations . http www.businesswire.com news home 20160418006163 en bofi holding issues statement share price volatility notes that lawsuits against bofi are baseless and founded on blog reports rather than newswire reports . motley fool seattle times 7 10 2016 notes stock is priced .8 x book value metrics are growing 30 50 % with a p e below 10 . fool owns and recommends ownership . references edit bofi holding . homepage . retrieved 14 august 2012 . yahoo finance . interview with the president and ceo bank of internet usa bofi gregory garrabrants . retrieved 14 august 2012 . bofi holding inc. form 10 k . securities and exchange commission . bofi holdings exhibit 10 stock option plan . securities and exchange commission . a b who is bofi federal bank . bofi federal bank . retrieved 2016 06 23 . bofi holding inc. changes name of bank subsidiary to bofi federal bank . marketwire . bank of internet usa america s oldest and most trusted internet bank . bank of internet usa . retrieved 2016 06 23 . about anfed bank we want to buy your annuity . www.anfedbank.com . retrieved 2016 06 23 . loan products financing for multifamily housing apartment bank . www.apartmentbank.com . retrieved 2016 06 23 . bank x banking for your active lifestyle . bank x. retrieved 2016 06 23 . a b bofi federal bank our banking brands . bofi federal bank . retrieved 2016 06 23 . airline rewards checking debit card ufb direct . www.ufbdirect.com . retrieved 2016 06 23 . virtus bank premier checking and savings products . virtus bank . retrieved 2016 06 23 . a b c d securities and exchange commission . bofi holdings form s1 . retrieved 14 august 2012 . securities and exchange commission . bofi holdings exhibit 10 stock option plan . retrieved 14 august 2012 . securities and exchange commission . bofi holdings 2004 stock incentive plan . retrieved 14 august 2012 . sec filings . retrieved 14 august 2012 . a b securities and exchange commission . retrieved 14 august 2012 . bofi historical prices bofi holding inc. stock yahoo finance . finance.yahoo.com . retrieved 2016 06 24 . august andrew 2011 02 07 . bank of internet neither tech stock nor financial black box but probably a good investment . seeking alpha . retrieved 2016 06 24 . corporate profile . www.bofiholding.com . retrieved 2016 06 24 . securities and exchange commission