Business
OppFi Announces Definitive Agreement to Acquire BNCCORP, Inc. and BNC National Bank and the Elimination of Up-C Structure
OppFi Inc. (NYSE: OPFI) ("OppFi" or the "Company"), a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, today announced it has signed a definitive agreement to acquire BNCCORP, Inc. (OTCQX: BNCC) ("BNCC") and its wholly owned subsidiary, BNC National Bank ("BNC"), in a cash and stock transaction valued at approximately $130 million.
About this update from Oppfi Inc.
[{"type":"text","content":"Transformative $130 million acquisition combines OppFi's digital-first platform with BNC's national bank platform","length":121,"tagName":"p","attribs":{}},{"type":"text","content":"Positions OppFi for accelerated geographic expansion and product diversification","length":80,"tagName":"p","attribs":{}},{"type":"text","content":"Enhances financial profile and strengthens balance sheet to support sustained growth","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"Expect substantial stockholder value creation with adjusted EPS accretion of 25%+ in 2027 and 40%+ in 2028","length":106,"tagName":"p","attribs":{}},{"type":"text","content":"CHICAGO, April 29, 2026 /PRNewswire/ -- OppFi Inc. (NYSE: OPFI) ("OppFi" or the "Company"), a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, today announced it has signed a definitive agreement to acquire BNCCORP, Inc. (OTCQX: BNCC) ("BNCC") and its wholly owned subsidiary, BNC National Bank ("BNC"), in a cash and stock transaction valued at approximately $130 million.","length":491,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/www.oppfi.com)","displaySize":"","headline":null,"caption":"(PRNewsfoto/www.oppfi.com)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":347,"url":"https://media.zenfs.com/en/prnewswire.com/6d2d1a1993dc373010e49fd147f8a468"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_aRyvMQ6_hD9umrrF.Xbag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTYxMg--/https://media.zenfs.com/en/prnewswire.com/6d2d1a1993dc373010e49fd147f8a468","width":400,"height":347}},"href":"https://mma.prnewswire.com/media/1436436/OppFi_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Strategic Acquisition of BNCCORP, Inc.","length":38,"tagName":"p"},{"type":"text","content":"The transaction unites two complementary, market-leading businesses, combining OppFi's sophisticated online lending platform with BNC's national bank charter and diversified banking infrastructure to create a stronger, more diversified financial services provider. BNC is a nationally chartered commercial bank headquartered in Glendale, AZ, with approximately $1.1 billion in total assets and approximately $1.0 billion in total deposit...