OppFi Abandons BNC Bank Purchase
By PYMNTS
AI summary of the source article
OppFi has withdrawn its regulatory applications regarding its proposed acquisition of BNC National Bank and its parent company, BNCCORP. The withdrawn applications were previously submitted to the OCC, the Federal Reserve, and the FDIC.
Key facts
- OppFi withdrew applications for its proposed acquisition of BNC National Bank and parent company BNCCORP.
- The applications were withdrawn from the OCC, the Federal Reserve Board of Governors, and the FDIC.
- The withdrawal was announced in a press release on Tuesday, Nov. 3.
Source excerpt · PYMNTS
Digital finance platform OppFi has withdrawn its applications to banking regulators related to its proposed acquisition of BNC National Bank and its parent company, BNCCORP, the company said in a Tuesday (Nov. 3) press release. OppFi withdrew applications to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corpora…