OppFi Withdraws Regulatory Application to Acquire BNC
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OppFi previously planned to acquire BNC National Bank and its parent company, BNCCORP, for $130 million, and submitted regulatory applications for the transaction to the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC). On November 4, 2026, PYMNTS reported that OppFi had withdrawn the aforementioned acquisition application. The report did not specify the reason for the withdrawal, nor did it indicate whether the transaction would continue in another form.
AI-written from reports · updated 2 hours ago
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- PYMNTSOppFi withdraws regulatory applications to acquire BNC Bank and BNCCORP
OppFi withdrew the regulatory applications it had submitted to the OCC, Federal Reserve and FDIC to acquire BNC National Bank and its parent company, BNCCORP, in a deal valued at $130 million.
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