July 26 - BNCCORP Inc. in Bismarck, N.D., (OTC Markets: BNCC), has announced that the company's president and CEO, Gregory K. Cleveland, passed away after a sudden illness. The company's board of directors has appointed Chief Financial Officer Timothy J. Franz to succeed Cleveland as president and CEO of BNCCORP on an interim basis.
Tracy J. Scott, chairman of the BNCCORP board of directors, said, "Greg Cleveland co-founded BNC with me, and infused the company with deeply held values of integrity, a strong sense of right and wrong, great compassion and loyalty, and a solid commitment to family and community. He was a trusted colleague, a successful entrepreneur, and an example of what is best in American business. Greg had the vision to establish BNC and the steady hand to guide the bank through good and bad times. He will be greatly missed."
Scott added, "In appointing Tim Franz as president and CEO on an interim basis, the board of directors has shown its commitment to ensure strong, experienced leadership for BNCCORP to continue the company's strategies, growth trajectory and record of service to customers and the community."
Cleveland, age 65, served as an executive officer and director of BNC since he and Scott founded BNC in 1987. Cleveland has served as president of BNC since March 1995 and as CEO since November 2000. He served as chief financial officer of BNC from February 1994 to January 1998 and as chief operating officer from January 1998 to November 2000. Cleveland is survived by his wife Jackie; two daughters, Britt and Shawn, and one grandchild.
Franz, 55, a Certified Public Accountant (inactive), has served as chief financial Officer of BNCCORP INC. and BNC National Bank since 2006. Franz started his professional career at KPMG LLP in 1983, and was a partner at KPMG from 1997 to 2003. During his tenure at KPMG he focused on the financial services industry and served Wells Fargo, TCF Bank and several community banks. Franz has served on BNC National Bank's board of directors since 2006 and on BNCCORP Inc.'s board of directors since 2013. He has been active in several of BNC's operating committees since joining BNC.
About BNCCORP Inc.
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 14 locations. BNC also conducts mortgage banking from 11 offices in Illinois, Kansas, Nebraska, Minnesota, Arizona and North Dakota.