Mergers & Acquisitions ·
Bank7 Corp. entered into a definitive Agreement and Plan of Merger to acquire Century Financial Services Corporation…
BSVNBank7 Corp.
Bank7 Corp. entered into a definitive Agreement and Plan of Merger to acquire Century Financial Services Corporation, the parent of Century Bank, in a transaction valued at approximately $137.3 million based on a 10-day average share price of $54.57. Under the terms, Century shareholders will receive $210.41 in cash and 3.7052 shares of Bank7 common stock for each Century share held, totaling $70 million in aggregate cash and 1,232,657 new Bank7 shares. The merger is expected to close in the fourth quarter of 2026, subject to regulatory approvals from the Federal Reserve Board and court approval within the ongoing receivership proceeding. This acquisition expands Bank7's footprint into New Mexico, adding Century’s $1.23 billion deposit base to create a combined entity with approximately $3.3 billion in total assets. Bank7 Corp. operates as a bank holding company providing commercial and retail banking services through its subsidiary Bank7.