Mergers & Acquisitions ·
Bank7 raises bid for Century Financial to $89M after winning court-supervised auction
BSVNBank7 Corp.
Bank7 Corp. filed an amendment to its Stock Purchase Agreement regarding the acquisition of Century Financial Services Corporation following a court-supervised auction on September 3, 2026. The company was designated as the successful bidder with a final bid of $91 million, which included a $2,040,000 break-up fee credit. Consequently, the purchase price for approximately 71% of Century's outstanding shares was increased from $68.0 million to $88,960,000. The transaction remains subject to closing conditions, including court approval and regulatory consent from the Federal Reserve Board. Bank7 Corp. operates as a bank holding company in the financial services industry.