OppFi withdraws OCC, Fed, FDIC applications for BNCCORP deal; merger agreement remains in effect

OppFi Inc.

• OppFi withdrew applications to the OCC, Federal Reserve and FDIC for its proposed acquisition of BNCCORP (OTCQX: BNCC) and BNC National Bank.
• Merger agreement dated April 28, 2026 has not been terminated and remains in effect, OppFi said.
• OppFi reaffirmed 2026 guidance: revenue $600M-$610M, adjusted net income $115M-$120M, adjusted EPS $1.34-$1.40 on ~86M diluted shares.
• CEO Todd Schwartz said applications met statutory criteria but regulators lacked clearly articulated standards; OppFi will engage on market- and consumer-based standards.
• OppFi said it proactively engaged federal regulators and responded to extensive information requests from the OCC, Fed and FDIC during the application process.