Brief: Bnccorp, Inc. Announces Strategic Decision To Sell Mortgage Business

BNCCorp

12/04/2023 15:08

April 12 (Reuters) - BNCCorp Inc  BNCC.PK :
    * BNCCORP, INC. ANNOUNCES STRATEGIC DECISION TO SELL
MORTGAGE
BUSINESS
    * BNCCORP INC - TERMS OF TRANSACTION WERE NOT DISCLOSED.
    * BNCCORP INC - SUBSIDIARY BNC NATIONAL BANK ENTERED
DEFINITIVE
AGREEMENT WITH FIRST FEDERAL BANK
    * BNCCORP INC - FIRST FEDERAL WILL BUY CERTAIN OPERATING
ASSETS
AND ASSUME CERTAIN LIABILITIES OF BNC BANK'S MORTGAGE DIVISION

Source text for Eikon:  ID:nPn48bRb8a 
Further company coverage:  BNCC.PK 

 ((Reuters.Briefs@thomsonreuters.com;))