BNC National Bank Announces Agreement for Sale of Branch in Ellendale, ND

* Reuters is not responsible for the content in this press release.

Mon Nov 9, 2009 9:00am EST

BISMARCK, N.D., Nov. 9 /PRNewswire-FirstCall/ -- BNCCORP, Inc. (BNC) (Pink
Sheets: BNCC) today announced that its BNC National Bank subsidiary has
entered into a definitive agreement whereby Great Plains National Bank of
Dickinson, North Dakota, will purchase all assets and assume all liabilities
associated with the BNC National Bank branch office in Ellendale, North
Dakota. The purchase is subject to customary regulatory approvals and is
expected to be completed early in the first quarter of 2010. The purchase
price was not disclosed.

Following the transaction, BNC National Bank will continue to operate its
seven other branch offices in North Dakota.

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 Arizona, Minnesota and North
Dakota from 20 locations. BNC also conducts mortgage banking from nine
locations in Iowa, Kansas, Missouri and Arizona.

This news release may contain "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 with respect to the
financial condition, results of operations, plans, objectives, future
performance and business of BNC.  Forward-looking statements, which may be
based upon beliefs, expectations and assumptions of our management and on
information currently available to management are generally identifiable by
the use of words such as "expect", "believe", "anticipate", "plan", "intend",
"estimate", "may", "will", "would", "could", "should", or other expressions. 
We caution readers that these forward-looking statements, including, without
limitation, those relating to our future business prospects, revenues, working
capital, liquidity, capital needs, interest costs and income, are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those indicated in the forward-looking statements due to
several important factors. These factors include, but are not limited to:
risks of loans and investments, including dependence on local and regional
economic conditions; competition for our customers from other providers of
financial services; possible adverse effects of changes in interest rates,
including the effects of such changes on derivative contracts and associated
accounting consequences; risks associated with our acquisition and growth
strategies; and other risks which are difficult to predict and many of which
are beyond our control.  In addition, all statements in this news release,
including forward-looking statements, speak only of the date they are made,
and the Company undertakes no obligation to update any statement in light of
new information or future events.

WEBSITE: www.bnccorp.com



SOURCE  BNCCORP, Inc.

Timothy J. Franz, +1-612-305-2213, or Dave Hoekstra, +1-701-250-3077, both for
BNCCORP, Inc.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.