OppFi withdraws application to acquire BNC Bank over regulatory concerns

Digital finance platform OppFi has withdrawn its application to acquire BNC Bank, according to a Techub News brief citing Finextra.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.