OppFi Acquires BNCCORP and BNC National Bank for $130M

Chicago-based fintech OppFi announced on Apr 29, 2026, that it will acquire BNCCORP and subsidiary BNC National Bank in a $130 million cash-and-stock deal. The combined entity will be a $2 billion-asset bank. BNC National Bank, based in Glendale, Arizona, held about $1.1 billion in assets and $1 billion in deposits as of Dec 31, 2025.

BNCC shareholders will receive $19.375 per share in cash and 1.90 shares of OppFi stock per BNCC share, leaving OppFi shareholders with roughly 93% of the combined company. OppFi will become a bank holding company, with BNC operating as a community banking division within OppFi Bank, N.A. The charter reduces OppFi's reliance on partner banks FinWise Bank, First Electronic Bank, and Capital Community Bank, which it has used to originate loans.

OppFi projects $60 million in synergies in the first year after closing and about $115 million by year three. The transaction is expected to close in the fourth quarter.