Mergers & Acquisitions ·
Bank7 Corp. entered into a Stock Purchase Agreement on July 1, 2026, to acquire a controlling interest in Century…
BSVNBank7 Corp.
Bank7 Corp. entered into a Stock Purchase Agreement on July 1, 2026, to acquire a controlling interest in Century Financial Services Corporation via a $68.0 million cash purchase. The transaction involves purchasing 237,136 shares of common stock, representing approximately 71% of Century's outstanding shares, from a court-appointed receiver. The agreement acts as a 'stalking horse' bid, subject to court approval and potential auction. Bank7 Corp. is required to pay a $7.25 million good-faith deposit, and a $2.04 million break-up fee is included in the following terms. Bank7 Corp. is a financial services company providing banking operations.