BISMARCK, ND, Oct. 28, 2021 / PRNewswire / – BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC) announced today that its Board of Directors has declared a special and one-time cash dividend of $ 6.00 per common share of BNCCORP, INC. The dividend is payable on December 15, 2021 to holders of record on November 24, 2021. The total payment to be made under the dividend will be approximately $ 21.6 million.

BNC Chairman Michael Vekich said: “The special cash dividend, which is the second special cash dividend to be paid in 2021, exemplifies a philosophy of capital management that includes returning capital to excess shareholders. what is invested to maintain our activities, deployed for profitable investments, or kept as a capital reserve and liquidity cushion for the Company and BNC Banque Nationale. The special dividend demonstrates our continued confidence in our financial strength despite a volatile economy that we will continue to monitor as we make capital management and deployment decisions. “

About BNCCORP, INC

BNCCORP, INC., Headquartered in Bismarck, North Dakota, 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 and Arizona from 11 locations. BNC also manages mortgage banking operations from 11 locations in Illinois, Kansas, Missouri, Michigan, Arizona and North Dakota.

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding the financial position, results of operations, plans, objectives, future performance, allocation of capital, return on capital to shareholders and BNC business. Forward-looking statements, which may be based on 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”, “at the present time”. “Plan”, “optimistic”, “intend to”, “estimate”, “can”, “will”, “would”, “could”, “should “,” In the future “and other expressions relating to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding our expectations regarding the future allocation of capital and the repayment of capital to shareholders, future market conditions and our ability to seize opportunities and pursue growth strategies, our expected operating results such as revenue growth and earnings and our expectations regarding the effects of the environment. or the current pandemic on our profits for the foreseeable future. Forward-looking statements are neither historical facts nor assurances of future performance. Our actual results and financial condition may differ materially from those shown in forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in forward-looking statements include, but are not limited to: the impact of current and future pandemics, the impact of current regulations and future; risks of loans and investments, including dependence on local and regional economic conditions; competition for our customers from other financial service providers; the possible negative effects of changes in interest rates, including the effects of such changes on mortgage banking income and derivative contracts and the associated accounting consequences; the risks associated with our acquisition and growth strategies; and other risks that are difficult to predict and many of which are beyond our control. Further, all statements contained in this press release, including forward-looking statements, speak only as of the date on which they are made, and the Company assumes no obligation to update any statement in light of new information or future events.

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SOURCE BNCCORP, INC.

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