BNCCORP Stockholders Approve Merger with OppFi
BNCCORP stockholders have approved the merger agreement with OppFi in a cash and stock transaction. Under the terms of the deal, BNCC shareholders will receive $19.375 per share in cash plus 1.9 shares of OppFi Class A common stock for each BNCC share owned. The approval was announced on September 17, 2026; however, completion is still subject to customary closing conditions and regulatory approvals. The merger aims to combine BNC National Bank's national bank charter and diversified banking infrastructure with OppFi’s digital lending platform to create a more scalable financial services entity. BNCC Chairman Michael Vekich emphasized the strategic importance of this transaction for enhancing value across stakeholders, including stockholders, employees, customers, and communities. BNCC will report final vote results in its quarterly report due on September 30, 2026.
Topics: banking M&A stockholder_approval