BNCCORP Shareholders Approve Acquisition by Digital Lender OppFi

Under the terms of the agreement, investors in the Bismarck-based firm will receive $19.375 per share in cash alongside 1.9 shares of OppFi Class A common stock for each share held. BNCC Chairman Michael Vekich described the vote as a critical milestone, noting that the board remains focused on a strategy designed to protect the organization’s interests for customers, employees, and stockholders alike.

The merger aims to create a more scalable financial services provider by pairing BNC’s national bank charter and diversified banking operations with OppFi’s online lending capabilities. While the stockholder approval marks a major hurdle cleared, the transaction remains subject to customary closing conditions, including the receipt of necessary regulatory approvals. BNCC plans to disclose the final vote tallies in its upcoming quarterly report for the period ending September 30, 2026.