BNCCORP, INC. Declares Special One-Time Cash Dividend, Payable on December 15, 2021
October 28, 2021 at 07:02 am EDT
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BNCCORP, INC. announced that its board of directors has declared a special, one-time cash dividend of $6.00 per share of the company?s common stock. The dividend is payable on December 15, 2021, to holders of record on November 24, 2021. The aggregate payment to be made in connection with the dividend will be approximately $21.6 million.
BNCCORP, INC. is a bank holding company of BNC National Bank (the Bank). The Bank is engaged in 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 and Arizona from 11 locations. The Company operates through two segments: Community Banking and Holding Company. The Community Banking segment provides products and services, such as personal loans, commercial real estate loans, SBA loans, business and personal checking, cash management, as well as trust and wealth management services, and retirement plan administration. These products and services are supported through Web and mobile-based applications. It earns interest primarily on loans and debt securities, bank card fees, loan fees, services charges on deposits, and fees on wealth management services. The Holding Company segment consists of management fees charged to the community banking services.
BNCCORP, INC. 
