UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549





                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported) April 29, 2005

                                  BNCCORP, Inc.
             (Exact name of registrant as specified in its charter)


        Delaware                    0-26290                  45-0402816
(State of incorporation)    (Commission File Number)        (IRS Employer
                                                        Identification No.)


                   322 East Main, Bismarck, North Dakota 58501
               (Address of principal executive offices) (Zip Code)


                                 (701) 250-3040
              (Registrant's telephone number, including area code)




Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:

[  ] Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CFR 240.13e-4(c))










Item 1.01 Entry into a Material Definitive Agreement

     On April 27, 2005, BNCCORP, Inc. ("BNCCORP")  repurchased 100 shares of its
noncumulative  preferred  stock,  $0.01  par  value  per  share,  from  a  trust
controlled by Richard W. Milne, Jr. for cash consideration of $1,006,000.00. Mr.
Milne is Chairman,  President and CEO of BNCCORP's  indirect  subsidiary,  Milne
Scali &  Company,  Inc.  (d/b/a BNC  Insurance),  and a  director  of  BNCCORP's
subsidiary,  BNC National  Bank. On February 15, 2005,  BNCCORP  repurchased  25
shares of its noncumulative preferred stock from a trust controlled by Mr. Milne
for cash  consideration  of  $252,555.56.  All of the  repurchased  shares had a
preferential  noncumulative  dividend  at an annual  rate of 8.00  percent and a
preferred liquidation value of $10,000 per share.

Item 2.02 Results of Operations and Financial Condition

     On April 27, 2005,  BNCCORP issued a press release  announcing its earnings
for the quarter  ended March 31, 2005.  A copy of the press  release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

     The disclosures  included in Item 2.02 of this Form 8-K are incorporated by
reference into this Item 7.01.

Item 9.01 Financial Statements and Exhibits

          (c)  Exhibit.

               99.1 Press release of BNCCORP, Inc. dated April 27, 2005.








                                    SIGNATURE


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                    BNCCORP, INC.



                                    By:      /s/ Gregory K. Cleveland
                                        ----------------------------------------
                                                 Gregory K. Cleveland
                                                       President
Date: April 29, 2005