Bnc National Bank Announces Agreement For Sale Of Branch In Ellendale, Nd

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.