Digital finance platform OppFi has withdrawn its application to acquire BNC Bank, according to a Techub News brief citing Finextra. The company said it decided to abandon the deal after failing to engage meaningfully with regulators to address concerns tied to the proposed transaction. No additional terms, timeline changes, or financial details were disclosed in the source material. The update centers on the regulatory process and OppFi’s statement that discussions did not progress in a way that could resolve the issues raised around the acquisition.
Digital finance platform OppFi has withdrawn its application to acquire BNC Bank.
The company said it chose to drop the deal after it was unable to engage meaningfully with regulators to address concerns related to the transaction.
The update was reported by Techub News, citing Finextra.
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