BISMARCK, N.D., Aug. 22, 2017 /PRNewswire/ -- BNCCORP, INC. (BNC) (OTCQX Markets: BNCC) announced today that its BNC National Bank subsidiary has entered into a definitive agreement to sell the deposits and real property associated with its branch office located in Kenmare, North Dakota to the State Bank and Trust of Kenmare. The purchase is subject to customary regulatory approvals and is expected to be completed prior to year-end.
Following the transaction, BNC will discontinue operating a branch in Kenmare, North Dakota. BNC will continue to operate its thirteen other bank branches located in North Dakota, Arizona and Minnesota.
BNCCORP, INC., headquartered in Bismarck, N.D., is a registered bank holding company dedicated to providing banking and wealth management services to businesses and consumers in its local markets. The Company operates community banking and wealth management businesses in North Dakota, Arizona and Minnesota from seventeen locations. BNC also conducts mortgage banking from fourteen offices in Illinois, Kansas, Missouri, Minnesota, Arizona and North Dakota.
This news release contains forward-looking statements. Forward looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "anticipate," "intend," "plan," "estimate" or words of similar meaning, or future or conditional verbs such as "will,"would,""should,""could,"or "may."
Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors-many of which are beyond the Company's control-could cause actual results to differ significantly from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. In addition, all statements in this press release, including forward-looking statements, speak only as of the date they are made and the Company undertakes no obligation to update any statement in light of new information or future events.
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SOURCE BNCCORP, INC.