#United States #BNCCORP #Bismarck #OppFi #BNC National Bank

BNCCORP Shareholders Greenlight Merger with OppFi

In an important development in the financial services industry, BNCCORP, Inc. and its subsidiary BNC National Bank announced on September 17, 2026, that their shareholders have officially approved the merger with OppFi, Inc. This major acquisition is set to transform the landscape of digital finance by combining BNCC’s traditional banking foundation with OppFi’s innovative online lending capabilities.

Details of the Merger

The agreement, first announced earlier, stipulates that BNCC’s shareholders will receive a total of $19.375 per share in cash, along with 1.9 shares of OppFi Class A common stock for each share of BNCC stock they own. The completion of this merger, however, is still pending on the fulfillment of standard closing conditions, which notably include regulatory approvals.

Chairman Michael Vekich expressed optimism about the transition, stating, "This stockholder vote is a significant milestone in the journey towards completing this transformative agreement with OppFi." He emphasized that both the Board and management are dedicated to ensuring that this merger not only benefits shareholders but also enhances BNCC as an organization for its employees, customers, and the broader communities it serves.

Synergies of the Merger

By uniting these two market leaders, the merger is expected to provide a comprehensive suite of services, enlarging the scale and scope of financial solutions available. OppFi's technology-driven platform is poised to amplify BNC's banking infrastructure, fostering a more versatile offering of financial products designed to cater to a diverse customer base.

About BNCCORP and BNC National Bank

BNCCORP, Inc., which trades on the OTCQX markets under the symbol BNCC, operates as a holding company for BNC National Bank, which has established itself as a community-centric financial institution headquartered in Glendale, Arizona. Established in 1987, BNC focuses on offering an array of financial services, such as checking and savings accounts, commercial and consumer loans, wealth management, and digital banking services. The bank prides itself on its highly personalized customer service approach, forging strong relationships with clients in regions such as North Dakota and Arizona.

About OppFi

On the other side of the deal, OppFi, Inc., trading on the NYSE under OPFI, is renowned for its technology-enabled digital finance solutions. The platform collaborates with banks to deliver essential financial services to ordinary Americans who often find themselves overlooked by traditional lenders. OppFi's commitment to transparency and customer experience is reflected in its 4.4/5.0-star rating on Trustpilot, showcasing its reputation as a trusted name in the online financial landscape.

The merger represents a strategic alignment that could redefine financial access and empower more consumers to achieve better financial health. It’s expected that the combination of BNCC's established banking framework with OppFi's digital prowess will unlock new avenues for growth in the fintech space, enhancing the customer experience and driving broader financial inclusion.

As BNCC moves toward finalizing this agreement, investors, customers, and industry observers are keenly watching developments, given the potential impact this merger could have on the consumer lending landscape. With aspirations set high, both companies are focused on executing the transaction seamlessly while upholding their commitments to their communities and stakeholders.