BNCCORP Stockholders Approve Merger with OppFi

BISMARCK, N.D., Sept. 17, 2026 /CourierPR/ -- BNCCORP, Inc., a community-focused commercial bank headquartered in Glendale, Arizona, has announced that its stockholders have approved the previously announced sale to OppFi, Inc., a tech-enabled digital finance platform. Under the terms of the agreement, BNCCORP stockholders will receive $19.375 per share in cash and 1.9 shares of OppFi Class A common stock for each BNCC share. The stockholders approved the transaction on September 17, 2026, and the completion of the deal remains subject to the satisfaction of customary closing conditions, including regulatory approvals.

BNCCORP, founded in 1987, is a community-focused commercial bank providing a broad range of financial services to individuals and small-to-medium-sized businesses across markets such as North Dakota and Arizona. The bank emphasizes relationship-driven banking, offering core products including checking and savings accounts, commercial and consumer loans, wealth management, and digital banking services, with a particular strength in business financing and SBA lending. Its model is centered on customer service, positioning the bank as a stable, regionally focused institution that supports economic activity in its communities while complementing traditional banking with modern online and mobile capabilities.

OppFi, a tech-enabled digital finance platform, partners with banks to offer financial products and services to everyday Americans. Through its transparent and responsible platform, which emphasizes financial inclusion and exceptional customer experience, OppFi assists consumers who are underserved by traditional financing options in building improved financial health. OppLoans by OppFi maintains a 4.4/5.0-star rating on Trustpilot based on over 5,400 reviews, positioning the Company among the top consumer-rated financial platforms online. OppFi also holds a 35% equity interest in Bitty Holdings, LLC, a credit access company that provides revenue-based financing and other working capital solutions to small businesses.

The final vote total will be reported by BNCCORP in its quarterly report for the fiscal quarter ended September 30, 2026, which will be posted to the BNCC website. The transaction brings together two complementary, market-leading businesses, combining OppFi's sophisticated online lending platform with BNC's national bank charter and diversified banking infrastructure to create stronger, more diversified, more scalable financial services.

BNCCORP's stockholders will receive $19.375 per share in cash and 1.9 shares of OppFi Class A common stock for each BNCC share. The transaction is expected to provide significant benefits to both companies, leveraging OppFi's technology and BNCC's banking expertise to expand their respective market reach and service offerings. The combined entity aims to offer a broader range of financial products and services, enhancing customer experience and driving growth in the digital finance landscape.

The transaction is subject to the satisfaction of customary closing conditions, including regulatory approvals. BNCCORP and OppFi are committed to ensuring a smooth transition and are working diligently to meet all necessary regulatory requirements. The final vote total will be reported in BNCCORP's quarterly report for the fiscal quarter ended September 30, 2026, which will be posted to the BNCC website.