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OppFi to acquire Bnccorp in strategic move

PUBLIC · OPFIAug 12, 2026about 2 hours ago

Acquiring Company

OppFi

Acquired Company

Bnccorp

ChicagoArizonaFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceLendingBanking

Description

OppFi has announced its pending acquisition of Bnccorp, the parent company of BNC National Bank. This acquisition is part of OppFi's strategy to transition into a national banking entity. The deal has resulted in increased acquisition-related expenses for OppFi. Investors are closely watching the implications of this transformation on OppFi's future performance.

Company Information

Company

OppFi

Location

Chicago, Illinois, United States

About

OppFi (NYSE: OPFI) is a leading financial technology platform that powers banks to help the everyday consumer gain access to credit. Through its unwavering commitment to customer service, the Company supports consumers, who are turned away by mainstream options, to build better financial health. OppFi maintains a 4.6/5.0 star rating on Trustpilot with more than 3,500 reviews, making the Company one of the top consumer-rated financial platforms online, and an A+ rating from the Better Business Bureau (BBB). For more information, please visit oppfi.com.

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Strategic

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Bnccorp?

Bnccorp was acquired by OppFi, based in Chicago. The deal was reported on August 12, 2026. OppFi (NYSE: OPFI) is a leading financial technology platform that powers banks to help the everyday consumer gain access to credit. OppFi is publicly traded (OPFI) and operates in Financial Services.

When did OppFi acquire Bnccorp?

OppFi's acquisition of Bnccorp was reported on August 12, 2026. OppFi has announced its pending acquisition of Bnccorp, the parent company of BNC National Bank. This acquisition is part of OppFi's strategy to transition into a national banking entity. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Bnccorp do?

Bnccorp is the holding company of BNC National Bank. It provides a range of banking services to its customers. The bank is dedicated to serving individual and business banking needs. It is privately held, operating in Financial Services, and is based in Arizona.

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