<body>

<p class="MsoNormal" style="text-align: justify">As filed with the Securities
and Exchange Commission on August 23, 2002.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
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  <tr>
    <td width="323">&nbsp;</td>
    <td width="347">
<p class="MsoNormal" style="text-align: left">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registration No. 333-&nbsp;&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></font></p>
    </td>
  </tr>
</table>
<hr color="#000000" size="1">
<p class="MsoNormal" align="center" style="text-align: center; margin-top: 6.0pt">
SECURITIES AND EXCHANGE COMMISSION<br>
<font size="2">Washington,
D.C.&nbsp;&nbsp; 20549<br>
</font>__________</p>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="5">FORM S-8</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center"><b>
REGISTRATION STATEMENT<br>
under<br>
THE SECURITIES ACT OF 1933<br>
</b>_________</p>
<p class="MsoNormal" align="center" style="text-align: center"><b>&nbsp;BNCCORP, INC.</b><i><br>
<font size="2">(Exact name of
Registrant as specified in its charter)</font></i></p>
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    <tr>
      <td width="27%" height="49">
      <p align="center"> <b>
      <font size="2">Delaware </font></b><i>
      <font size="2"><br>
      (State or other jurisdiction&nbsp; of<br>
&nbsp;incorporation or organization)</font></i></td>
      <td width="51%" valign="bottom" height="49">
      <p align="center"><b><font size="2">322 East Main</font></b><i><font size="2"> </font></i></td>
      <td width="22%" height="49">
<p class="MsoNormal" align="center">
<b>
<font size="2">45-0402816</font></b><i><font size="2"><br>
&nbsp;(I.R.S. Employer<br>
Identification No.)</font></i></p>
      </td>
    </tr>
    <tr>
      <td width="27%" height="78">&nbsp;</td>
      <td width="51%" height="78">
      <p align="center"><b>

      <font size="2">&nbsp; Bismarck,
North Dakota 58501<br>
&nbsp;</font></b><i><font size="2">(address,
including zip code, <br>
      of Registrant's principal executive offices)</font></i><b><font size="2"><br>
      BNCCORP, Inc.
2002 Stock Incentive Plan</font></b><i><font size="2"><br>
      (Full title of
the plan)</font></i></td>
      <td width="22%" height="78">&nbsp;</td>
    </tr>
  </table>
<p class="MsoNormal" align="center" style="text-align: center">__________</p>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">&nbsp;Gregory K.
Cleveland<br>
President and
Chief Executive Officer<br>
322 East Main<br>
Bismarck,
North Dakota 58501<br>
(701) 250-3040</font></b><i><br>
<font size="2">(Name,
address, including zip code, and telephone number,<br>
including area
code, of agent for service)</font></i></p>
<p class="MsoNormal" align="center" style="text-align: center"><font size="2"><br>
Copy to:</font><b><font size="2"><br>
&nbsp;</font></b></p>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">William B.
Masters<br>
Jones, Walker,
Waechter, Poitevent, Carr&#233;re&nbsp;&amp; Den&#233;gre, L.L.P.<br>
201 St.
Charles Avenue<br>
New Orleans,
Louisiana 70170-5100</font></b></p>
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    <td width="24%">&nbsp;</td>
    <td width="59%">
    <p align="center">CALCULATION OF REGISTRATION FEE</td>
    <td width="17%">&nbsp;</td>
  </tr>
</table>
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  <tr>
    <td width="25%" height="51" valign="middle">
    <p class="MsoNormal" style="text-align: center" align="center">
    <font size="2">Title of securities<br>
    to be registered</font></p>
    </td>
    <td width="18%" height="51" valign="middle">
    <p class="MsoNormal" style="text-align: center" align="center">
    <font size="2">Amount <br>
    to be<br>
    Registered</font><sup><font size="2">(1)</font></sup></p>
    </td>
    <td width="20%" height="51" valign="middle">
    <p class="MsoNormal" style="text-align: center" align="center">
    <font size="2">Proposed maximum<br>
    offering price<br>
&nbsp;per unit</font></p>
    </td>
    <td width="21%" height="51" valign="middle">
    <p class="MsoNormal" style="text-align: center" align="center">
    <font size="2">Proposed maximum<br>
    aggregate <br>
    offering price</font></p>
    </td>
    <td width="16%" height="51" valign="middle">
    <p class="MsoNormal" style="text-align: center" align="center">
    <font size="2">Amount of<br>
    registration <br>
    fee</font></p>
    </td>
  </tr>
  <tr>
    <td width="25%" height="1" valign="bottom">
    <p align="left"><font size="2">Common Stock<br>
    ($.01 par value per
    share)</font></p>
    </td>
    <td width="18%" height="37" valign="bottom">
    <p align="center"><font size="2">125,000 shares</font></p>
    </td>
    <td width="20%" height="37" valign="bottom">
    <p align="center"><font size="2">&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 6.03 <sup>(2)</font></sup></p>
    </td>
    <td width="21%" height="37" valign="bottom">
    <p align="center"><font size="2">&nbsp;$753,750</font></p>
    </td>
    <td width="16%" height="37" valign="bottom">
    <p align="center"><font size="2">&nbsp;$69.34</font></p>
    </td>
  </tr>
  <tr>
    <td width="25%" height="35" valign="bottom">
    <font size="2">Preferred Stock Purchase Rights</font></td>
    <td width="18%" height="33" valign="bottom">
    <p align="center"><font size="2">125,000 rights</font></td>
    <td width="20%" height="33" valign="bottom">
    <p align="center"><font size="2">&nbsp;$&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </u></font><sup><font size="2">(3)</font></sup></td>
    <td width="21%" height="33" valign="bottom">
    <p align="center"><font size="2">&nbsp;$&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </u></font><sup><font size="2">(3)</font></sup></td>
    <td width="16%" height="33" valign="bottom">
    <p align="center"><font size="2">&nbsp;$&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </u></font><sup><font size="2">(3)</font></sup></td>
  </tr>
</table>
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    <td width="17" height="11" valign="top">
    </td>
    <td width="652" height="11">
    </td>
  </tr>
  <tr>
    <td width="17" height="37" valign="top">
    <p class="MsoNormal" style="text-align: justify; text-indent: -.25in; line-height: 96%; margin-left: .25in">
    <font size="1">(1)&nbsp;&nbsp;&nbsp;&nbsp; </font>
    </td>
    <td width="652" height="37">
    <font size="1">Upon a stock split, stock
    dividend or similar transaction in the future and during the effectiveness
    of this Registration Statement involving Common Stock of the Company, the
    number of shares registered shall be automatically increased to cover the
    additional shares in accordance with Rule 416(a) under the Securities Act of
    1933.</font></td>
  </tr>
  <tr>
    <td width="17" height="28" valign="top">
    <p class="MsoNormal" style="text-align: justify; text-indent: -.25in; line-height: 96%; margin-left: .25in">
    <font size="1">(2)&nbsp;&nbsp;&nbsp;&nbsp; </font>
    </td>
    <td width="652" height="28">
    <font size="1">Estimated solely for the
    purpose of calculating the registration fee pursuant to Rule 457(c) under
    the Securities Act of 1933, based on the average of the high and low price
    per share of the Common Stock on The Nasdaq National Market on
    August 22, 2002. </font> </td>
  </tr>
  <tr>
    <td width="17" height="35" valign="top">
    <p class="MsoNormal" style="text-align: justify; text-indent: -.25in; line-height: 96%; margin-left: .25in">
    <font size="1">(3)&nbsp;&nbsp;&nbsp;&nbsp; </font>
    </td>
    <td width="652" height="35">
    <font size="1">Preferred Stock Purchase
    Rights are attached to and trade with the Common Stock of the Company.&nbsp; The
    value attributable to such Rights, if any, is reflected in the market price
    of such Common Stock.&nbsp; Because no separate consideration is paid for such
    Rights, the registration fee for such securities is included in the fee for
    such Common Stock.</font></td>
  </tr>
</table>
<hr color="#000000" size="1">
<p class="MsoNormal" style="text-align: justify; line-height: 96%">&nbsp;</p>
<p class="MsoNormal" align="center" style="text-align: center"><b>
<font size="2">PART II</font></b></p>
<p class="MsoNormal" style="text-align: justify; line-height: 96%"><b>
<font size="2">&nbsp;</font></b></p>
<p class="MsoNormal" style="text-align: justify; line-height: 96%"><b>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</font></b></p>
<h1 style="text-indent: 0in; margin-left: 0in"><b><font size="2">Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporation of Documents by Reference.</font></b></h1>
<p class="MsoBodyTextIndent"><font size="2">The following documents, which have been filed by
BNCCORP, Inc. (the "Company") with the Securities and Exchange Commission (the
"Commission"), are incorporated herein by reference:</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(a)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">The Company's most recent Annual Report on Form 10-K filed pursuant to
Section 13 of the Securities Exchange Act of 1934 (the "1934 Act"); </font> </p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(b)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">All other reports filed by the Company with the Commission pursuant to
Section 13 of the 1934 Act since the end of the fiscal year covered by the
Annual Report referred to in (a) above;</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(c)&nbsp;</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">The description of the Common Stock of the Company incorporated by
reference in Item 1 of the Company's Registration Statement on Form 8-A dated
June 21, 1995 from page 50 of the Company's Registration Statement on Form SB-2,
Registration No. 33-92368 under the heading "Description of Capital Stock;" and</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(d)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">The description of the Preferred Stock Purchase Rights of the Company
included in the Company's Registration Statement on Form 8-A filed on June 5,
2001 under the 1934 Act relating to the Preferred Stock Purchase Rights of the
Company.</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font face="Times New Roman"><a name="OLE_LINK2">
<font size="2">The Company's financial statements incorporated
by reference in this Registration Statement were audited by Arthur Andersen LLP
(&quot;Andersen&quot;). On </font> </a><font size="2">April 5, 2002,
Andersen resigned as its principal public accountants. The Company has been
unable to obtain, after reasonable efforts, Andersen's written consent to
incorporate by reference Andersen's reports on the financial statements. Under
these circumstances, Rule 437a under the Securities Act of 1933 permits this
Registration Statement to be filed without a written consent from Andersen. The
absence of such written consent from Andersen may limit a shareholder's ability
to assert claims against Andersen under Section 11(a) of the Securities Act of
1933 for any untrue statement of a material fact contained in the financial
statements audited by Andersen or any omissions to state a material fact
required to be stated therein.</font></font></p>
<p class="MsoBodyTextIndent"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">All documents filed by the Company with the
Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act
subsequent to the date of this Registration Statement and prior to the filing of
a post-effective amendment that indicates that all securities offered have been
sold or that deregisters all securities then remaining unsold shall, except to
the extent otherwise provided by Regulation S-K or any other rule promulgated by
the Commission, be deemed to be incorporated by reference in this Registration
Statement and to be part hereof from the date of filing of such documents.</font></p>
<h1 style="text-indent: 0in; margin-left: 0in"><b><font size="2">Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description of Securities.
</font></b></h1>
<p class="MsoBodyTextIndent"><font size="2">Not applicable.</font></p>
<h1 style="text-indent: 0in; margin-left: 0in"><b><font size="2">Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interests of Named Experts and Counsel.</font></b></h1>
<p class="MsoBodyTextIndent"><font size="2">Not applicable.</font></p>
<h1 style="text-indent: 0in; margin-left: 0in"><b><font size="2">Item 6.</font></b><font size="2">
</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indemnification of Directors and Officers.</font></b></h1>
<p class="MsoBodyTextIndent"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">Section 145 of the Delaware General Corporation Law
provides that a corporation may indemnify its directors and officers in a
variety of circumstances, which may include liabilities under the Securities Act
of 1933. In addition, Section 9 of the Company's By-laws requires the Company to
indemnify its officers and directors against expenses and costs, judgments,
settlements and fines incurred in the defense of any claim, including any claim
brought by or in the right of the Company, to which they were made parties by
reason of being or having been officers or directors. </font> </p>
<p class="MsoBodyTextIndent"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">In addition, each of the Company's directors has
entered into an indemnity agreement that provides that the Company will
indemnify the directors against any costs and expenses, judgments, settlements
and fines incurred in connection with any claim involving a director by reason
of his position as a director; provided that the director meets certain
standards of conduct for claims that (i) have been successfully defended, or
(ii) two impartial directors have determined that, with respect to the conduct
giving rise to such claim, the director acted in good faith. No indemnification
may be made, however, for claims in which the director has been adjudicated in a
final judgment to be liable to the Company except to the extent that the court
finds indemnification to be proper. </font> </p>
<p class="MsoBodyTextIndent"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">The Company has purchased insurance permitted by
the Delaware General Corporation Law on behalf of directors and officers, which
may cover liabilities under the Securities Act of 1933, as amended. </font> </p>
<h1 style="text-indent: 0in; margin-left: 0in"><b><font size="2">Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exemption From Registration Claimed.</font></b></h1>
<p class="MsoBodyTextIndent"><font size="2">Not Applicable.</font></p>
<h1 style="text-indent: 0in; margin-left: 0in"><b><font size="2">Item 8.</font></b><font size="2">
</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b>
</h1>
<p class="MsoBodyTextIndent"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opinion of Jones, Walker, Waechter,
Poitevent, Carr&#233;re&nbsp;&amp; Den&#233;gre, L.L.P.</font></p>
<p class="MsoBodyTextIndent"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23.1&nbsp;&nbsp;&nbsp;&nbsp; Consent of Jones, Walker, Waechter,
Poitevent, Carr&#233;re&nbsp;&amp; Den&#233;gre, L.L.P. (included in Exhibit 5).</font></p>
<h1 style="text-indent: 0in; margin-left: 0in"><b><font size="2">Item 9.</font></b><font size="2">
</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Undertakings.
</font></b></h1>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(a)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">The undersigned registrant hereby undertakes:</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(1)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">To file, during any period in which offers or sales are being made and to
the extent required by the Securities Act of 1933 and the rules and regulations
promulgated thereunder, a post-effective amendment to this registration
statement:</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(i)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">To include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;</font></p>
<p style="margin-left: 0in">
<b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(ii)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">To reflect in the prospectus any
facts or events arising after the effective date of this registration statement
(or the most recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in
this registration statement.&nbsp; Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be
reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than a
20 percent change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration statement;</font></p>
<p style="margin-left: 0in">
<b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(iii)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">To include any material
information with respect to the plan of distribution not previously disclosed in
this registration statement or any material change to such information in this
registration statement; </font> </p>
<p><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">Provided, however, that paragraphs (a)(1)(i) and
(a)(1)(ii) do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports
filed by the registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in this
registration statement.</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(2)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">That, for the purpose of determining any liability
under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(3)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(b)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.</font></p>
<p style="margin-left: 0in"><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">(c)</font><b><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></b><font size="2">Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act of 1933 and is, therefore, unenforceable.&nbsp; In the event that a
claim for indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of whether
such indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final adjudication of such
issue.</font></p>
<p style="margin-left: 0in">&nbsp;</p>
<p style="text-align: center">
<b>
<font size="2">SIGNATURES</font></b></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in">
<font size="2">Pursuant to
the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Bismarck,
State of North Dakota, on August 23, 2002.</font></p>
<p class="MsoNormal">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="678" id="AutoNumber7">
  <tr>
    <td width="152">&nbsp;</td>
    <td width="111">&nbsp;</td>
    <td width="310"><font size="2">BNCCORP, INC.</font></td>
  </tr>
  <tr>
    <td width="152">&nbsp;</td>
    <td width="111">&nbsp;</td>
    <td width="310">&nbsp;</td>
  </tr>
  <tr>
    <td width="152">&nbsp;</td>
    <td width="111">&nbsp;</td>
    <td width="310">&nbsp;</td>
  </tr>
  <tr>
    <td width="152">&nbsp;</td>
    <td width="111">&nbsp;</td>
    <td width="310"><font size="2">By:&nbsp;&nbsp; </font> <u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    /s/ Gregory K. Cleveland &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font>
</u></td>
  </tr>
  <tr>
    <td width="152">&nbsp;</td>
    <td width="111">&nbsp;</td>
    <td width="310">
    <p align="center"><font size="2">Gregory K. Cleveland <br>
    President and Chief Executive Officer</font></td>
  </tr>
</table>
<p class="MsoNormal" style="text-align: justify"><br>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font>
<b><font size="2">POWER OF ATTORNEY<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b>
<font size="2">KNOW ALL MEN
BY THESE PRESENTS, that each person whose signature appears immediately below
constitutes and appoints Gregory K. Cleveland and Tracy J. Scott, and each of
them acting individually, his true and lawful attorney-in-fact and agent, with
full power of substitution, for him and in his name, place and stead, in any and
all capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or his substitute or substitutes may lawfully do or
cause to be done by virtue hereof.</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in">
<font size="2">Pursuant to
the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.</font></p>
<p class="MsoNormal" style="text-align: justify; text-indent: .5in">&nbsp;</p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse" height="951">
  <tr>
    <td width="241" valign="bottom" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="27">
    <p class="MsoNormal" align="center" style="text-align: center"><u>
    <font size="2">Signature</font></u></td>
    <td width="276" valign="bottom" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="27">
    <p class="MsoNormal" align="center" style="text-align: center"><u>
    <font size="2">Title</font></u></td>
    <td width="121" valign="bottom" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="27">
    <p class="MsoNormal" align="center" style="text-align: center"><u>
    <font size="2">Date</font></u></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: center"><u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;/s/
    Tracy J. Scott&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font>
    </u><font size="2"><br>
    Tracy J. Scott</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Chairman of
    the Board and Director</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: center"><u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
    Gregory K. Cleveland&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font>
    </u><font size="2"><br>
    &nbsp;Gregory
    K. Cleveland</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Director,
    President and Chief Executive Officer (Principal Executive Officer and
    Principal Financial Officer)</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: center"><u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
    Brenda L. Rebel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font>
    </u><font size="2"><br>
    Brenda L. Rebel</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Chief
    Financial Officer and Director<br>
    (Principal
    Accounting Officer)</font></p>
    </td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="102">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: center"><u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;/s/
    Brad J. Scott &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;
    <br>
    </font>
    </u><font size="2">Brad J. Scott</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Director</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: center"><u>
    <font size="2">&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
    John A. Hipp, M.D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font>
    </u><font size="2"><br>
    &nbsp;John
    A. Hipp, M.D.</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Director</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">

    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: center"><u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
    Richard M. Johnsen, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font>
    </u><font size="2"><br>
    Richard M. Johnsen, Jr.</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Director</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: justify"><u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Denise
    Forte-Pathroff,
    M.D.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </u>
    </font>
    <font size="2"><br>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denise Forte-Pathroff,
    M.D.</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Director</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center">
    <font size="2"><u>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/&nbsp; David A.
    Erickson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <br>
    </u>David
    A. Erickson</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Director</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
  <tr>
    <td width="241" valign="top" style="width: 180.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" style="text-align: justify"><u>
    <font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
    Jerry R. Woodcox&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </font>
    </u><font size="2"><br>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jerry
    R. Woodcox</font></p>
    </td>
    <td width="276" valign="top" style="width: 207.0pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" align="center" style="text-align: center">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">Director</font></td>
    <td width="121" valign="top" style="width: 90.9pt; padding-left: 5.4pt; padding-right: 5.4pt; padding-top: 0in; padding-bottom: 0in" height="103">
    <p class="MsoNormal" style="text-align: justify">&nbsp;</p>
    <p class="MsoNormal" align="center" style="text-align: center">
    <font size="2">August 23, 2002</font></td>
  </tr>
</table>
<p class="MsoNormal" style="text-align: justify">&nbsp;</p>

</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "secsgml_size_bytes": 42040}]
{"company-data": {"conformed-name": "BNCCORP INC", "cik": "0000945434", "assigned-sic": "6021", "irs-number": "450402816", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-98647", "film-number": "02747008"}, "business-address": {"street1": "322 E MAIN", "street2": "PO BOX 4050", "city": "BISMARCK", "state": "ND", "zip": "58501", "phone": "7012503040"}, "mail-address": {"street1": "322 E MAIN", "street2": "PO BOX 4050", "city": "BISMARCK", "state": "ND", "zip": "58501"}}
As filed with the Securities
and Exchange Commission on August 23, 2002.
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C.   20549
__________
FORM S-8
REGISTRATION STATEMENT
under
THE SECURITIES ACT OF 1933
_________
BNCCORP, INC.
(Exact name of
Registrant as specified in its charter)
Delaware
(State or other jurisdiction  of
incorporation or organization)
322 East Main
45-0402816
(I.R.S. Employer
Identification No.)
Bismarck,
North Dakota 58501
(address,
including zip code,
of Registrant's principal executive offices)
BNCCORP, Inc.
2002 Stock Incentive Plan
(Full title of
the plan)
__________
Gregory K.
Cleveland
President and
Chief Executive Officer
322 East Main
Bismarck,
North Dakota 58501
(701) 250-3040
(Name,
address, including zip code, and telephone number,
including area
code, of agent for service)
Copy to:
William B.
Masters
Jones, Walker,
Waechter, Poitevent, Carrére & Denégre, L.L.P.
201 St.
Charles Avenue
New Orleans,
Louisiana 70170-5100
CALCULATION OF REGISTRATION FEE
Title of securities
to be registered
Amount
to be
Registered
(1)
Proposed maximum
offering price
per unit
Proposed maximum
aggregate
offering price
Amount of
registration
fee
Common Stock
($.01 par value per
    share)
125,000 shares
$     6.03
(2)
$753,750
$69.34
Preferred Stock Purchase Rights
125,000 rights
$
(3)
$
(3)
$
(3)
(1)
Upon a stock split, stock
    dividend or similar transaction in the future and during the effectiveness
    of this Registration Statement involving Common Stock of the Company, the
    number of shares registered shall be automatically increased to cover the
    additional shares in accordance with Rule 416(a) under the Securities Act of
    1933.
(2)
Estimated solely for the
    purpose of calculating the registration fee pursuant to Rule 457(c) under
    the Securities Act of 1933, based on the average of the high and low price
    per share of the Common Stock on The Nasdaq National Market on
    August 22, 2002.
(3)
Preferred Stock Purchase
    Rights are attached to and trade with the Common Stock of the Company.  The
    value attributable to such Rights, if any, is reflected in the market price
    of such Common Stock.  Because no separate consideration is paid for such
    Rights, the registration fee for such securities is included in the fee for
    such Common Stock.
PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3.             Incorporation of Documents by Reference.
The following documents, which have been filed by
BNCCORP, Inc. (the "Company") with the Securities and Exchange Commission (the
"Commission"), are incorporated herein by reference:
(a)
The Company's most recent Annual Report on Form 10-K filed pursuant to
Section 13 of the Securities Exchange Act of 1934 (the "1934 Act");
(b)
All other reports filed by the Company with the Commission pursuant to
Section 13 of the 1934 Act since the end of the fiscal year covered by the
Annual Report referred to in (a) above;
(c)
The description of the Common Stock of the Company incorporated by
reference in Item 1 of the Company's Registration Statement on Form 8-A dated
June 21, 1995 from page 50 of the Company's Registration Statement on Form SB-2,
Registration No. 33-92368 under the heading "Description of Capital Stock;" and
(d)
The description of the Preferred Stock Purchase Rights of the Company
included in the Company's Registration Statement on Form 8-A filed on June 5,
2001 under the 1934 Act relating to the Preferred Stock Purchase Rights of the
Company.
The Company's financial statements incorporated
by reference in this Registration Statement were audited by Arthur Andersen LLP
("Andersen"). On
April 5, 2002,
Andersen resigned as its principal public accountants. The Company has been
unable to obtain, after reasonable efforts, Andersen's written consent to
incorporate by reference Andersen's reports on the financial statements. Under
these circumstances, Rule 437a under the Securities Act of 1933 permits this
Registration Statement to be filed without a written consent from Andersen. The
absence of such written consent from Andersen may limit a shareholder's ability
to assert claims against Andersen under Section 11(a) of the Securities Act of
1933 for any untrue statement of a material fact contained in the financial
statements audited by Andersen or any omissions to state a material fact
required to be stated therein.
All documents filed by the Company with the
Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act
subsequent to the date of this Registration Statement and prior to the filing of
a post-effective amendment that indicates that all securities offered have been
sold or that deregisters all securities then remaining unsold shall, except to
the extent otherwise provided by Regulation S-K or any other rule promulgated by
the Commission, be deemed to be incorporated by reference in this Registration
Statement and to be part hereof from the date of filing of such documents.
Item 4.            Description of Securities.
Not applicable.
Item 5.            Interests of Named Experts and Counsel.
Not applicable.
Item 6.
Indemnification of Directors and Officers.
Section 145 of the Delaware General Corporation Law
provides that a corporation may indemnify its directors and officers in a
variety of circumstances, which may include liabilities under the Securities Act
of 1933. In addition, Section 9 of the Company's By-laws requires the Company to
indemnify its officers and directors against expenses and costs, judgments,
settlements and fines incurred in the defense of any claim, including any claim
brought by or in the right of the Company, to which they were made parties by
reason of being or having been officers or directors.
In addition, each of the Company's directors has
entered into an indemnity agreement that provides that the Company will
indemnify the directors against any costs and expenses, judgments, settlements
and fines incurred in connection with any claim involving a director by reason
of his position as a director; provided that the director meets certain
standards of conduct for claims that (i) have been successfully defended, or
(ii) two impartial directors have determined that, with respect to the conduct
giving rise to such claim, the director acted in good faith. No indemnification
may be made, however, for claims in which the director has been adjudicated in a
final judgment to be liable to the Company except to the extent that the court
finds indemnification to be proper.
The Company has purchased insurance permitted by
the Delaware General Corporation Law on behalf of directors and officers, which
may cover liabilities under the Securities Act of 1933, as amended.
Item 7.            Exemption From Registration Claimed.
Not Applicable.
Item 8.
5          Opinion of Jones, Walker, Waechter,
Poitevent, Carrére & Denégre, L.L.P.
23.1     Consent of Jones, Walker, Waechter,
Poitevent, Carrére & Denégre, L.L.P. (included in Exhibit 5).
Item 9.
Undertakings.
(a)
The undersigned registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made and to
the extent required by the Securities Act of 1933 and the rules and regulations
promulgated thereunder, a post-effective amendment to this registration
statement:
(i)
To include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;
(ii)
To reflect in the prospectus any
facts or events arising after the effective date of this registration statement
(or the most recent post-effective amendment thereof) which, individually or in
the aggregate, represent a fundamental change in the information set forth in
this registration statement.  Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be
reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b)
if, in the aggregate, the changes in volume and price represent no more than a
20 percent change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration statement;
(iii)
To include any material
information with respect to the plan of distribution not previously disclosed in
this registration statement or any material change to such information in this
registration statement;
Provided, however, that paragraphs (a)(1)(i) and
(a)(1)(ii) do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports
filed by the registrant pursuant to Section 13 or Section 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in this
registration statement.
(2)
That, for the purpose of determining any liability
under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona
fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.
(b)
The undersigned registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an
employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers and controlling persons of
the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and Exchange
Commission such indemnification is against public policy as expressed in the
Securities Act of 1933 and is, therefore, unenforceable.  In the event that a
claim for indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the registrant will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question of whether
such indemnification by it is against public policy as expressed in the
Securities Act of 1933 and will be governed by the final adjudication of such
issue.
SIGNATURES
Pursuant to
the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all the requirements for filing
on Form S-8 and has duly caused this Registration Statement to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Bismarck,
State of North Dakota, on August 23, 2002.
BNCCORP, INC.
By:
/s/ Gregory K. Cleveland
Gregory K. Cleveland
President and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN
BY THESE PRESENTS, that each person whose signature appears immediately below
constitutes and appoints Gregory K. Cleveland and Tracy J. Scott, and each of
them acting individually, his true and lawful attorney-in-fact and agent, with
full power of substitution, for him and in his name, place and stead, in any and
all capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same with all
exhibits thereto, and other documents in connection therewith, with the
Securities and Exchange Commission, granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he
might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or his substitute or substitutes may lawfully do or
cause to be done by virtue hereof.
Pursuant to
the requirements of the Securities Act of 1933, as amended, this Registration
Statement has been signed by the following persons in the capacities and on the
dates indicated.
Signature
Title
Date
/s/
    Tracy J. Scott
Tracy J. Scott
Chairman of
    the Board and Director
August 23, 2002
/s/
    Gregory K. Cleveland
Gregory
    K. Cleveland
Director,
    President and Chief Executive Officer (Principal Executive Officer and
    Principal Financial Officer)
August 23, 2002
/s/
    Brenda L. Rebel
Brenda L. Rebel
Chief
    Financial Officer and Director
(Principal
    Accounting Officer)
August 23, 2002
/s/
    Brad J. Scott
Brad J. Scott
Director
August 23, 2002
/s/
    John A. Hipp, M.D.
John
    A. Hipp, M.D.
Director
August 23, 2002
/s/
    Richard M. Johnsen, Jr.
Richard M. Johnsen, Jr.
Director
August 23, 2002
/s/ Denise
    Forte-Pathroff,
    M.D.
Denise Forte-Pathroff,
    M.D.
Director
August 23, 2002
/s/  David A.
    Erickson
David
    A. Erickson
Director
August 23, 2002
/s/
    Jerry R. Woodcox
Jerry
    R. Woodcox
Director
August 23, 2002