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OppFi withdraws applications to buy BNC Bank

Digital finance platform OppFi has withdrawn its applications to acquire BNC Bank, citing a lack of meaningful opportunity to address regulators' concerns about the deal.

HighRisk Media Newsroom, , 1 min read · Читать по-русски

OppFi withdraws applications to buy BNC Bank

Digital finance platform OppFi has withdrawn its applications to acquire BNC Bank.

According to the company, it did not get a sufficient opportunity to seriously discuss regulators' concerns about the deal.

The report does not provide details on which specific issues regulators raised, or on OppFi's next steps. The information is based on a single source.

Sources

Prepared by AI from the sources above and checked against them. Spotted a mistake? Write to @highrisk_team.

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