BNC National Bank Acquired by OppFi | Financial Services M&A Deal

OppFi has acquired BNC National Bank, a banking business in the United States, for $1 billion. OppFi is a nonbank consumer lender, and the BNC National Bank acquisition adds a regulated banking platform that can support consumer lending activities. The OppFi acquisitions strategy centers on obtaining a national banking charter through the merger acquisition, expanding its reach beyond state-by-state licensing. The strategic acquisition is announced as a financial services M&A deal with an estimated $130 million figure, positioning OppFi for a broader banking acquisition footprint as critics debate interest-rate authority and consumer protection.