Axiom Bank in Orlando, Fla., has been freed from a formal agreement with the Office of the Comptroller of the Currency.
The bank disclosed that the OCC terminated the October 2024 agreement last month.
“We are excited to announce the closure of this Formal Agreement in just over 18 months,” Ross Breunig, the bank’s president and CEO, said in the press release. “We used this process to build a fundamentally stronger institution.”
Axiom meaningfully enhanced its risk management architecture and recruited senior executives with expertise in commercial banking, risk, technology, finance, partner banking, and operations. The bank also established a governance framework designed to support scalable, sustainable growth.