Acquiring Company
Opportunity Financial
Acquired Company
BNCCORP
ChicagoArizonaFinancial ServicesFinanceFintechLendingFinancial ServicesFinanceLendingBankingDescription
Opportunity Financial plans to acquire BNCCORP and its subsidiary BNC National Bank for $130 million. This acquisition aims to obtain a national bank charter, allowing OppFi to operate under different regulatory conditions. Consumer advocacy groups are opposing the deal, citing concerns over predatory lending practices. The transaction is subject to regulatory approval and is expected to close in the fourth quarter.
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M&A Insights
Based on deal dataFrequently asked
Who acquired BNCCORP?
BNCCORP was acquired by Opportunity Financial, based in Chicago. The deal was reported on August 29, 2026. Opportunity Financial is an online lender and servicer. The company focuses on providing personal and small business loans. It seeks to gain regulatory approvals for acquiring a national bank charter. Opportunity Financial is privately held and operates in Financial Services.
When did Opportunity Financial acquire BNCCORP?
Opportunity Financial's acquisition of BNCCORP was reported on August 29, 2026. Opportunity Financial plans to acquire BNCCORP and its subsidiary BNC National Bank for $130 million. This acquisition aims to obtain a national bank charter, allowing OppFi to operate under different regulatory conditions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does BNCCORP do?
BNCCORP is a financial holding company based in Arizona. It owns BNC National Bank, a nationally chartered commercial bank. The bank provides various banking and financial services. It serves both consumers and businesses within its operational regions. It is privately held, operating in Financial Services, and is based in Arizona.
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