Mergers & Acquisitions ·
Bank7 wins court auction for 71% stake in Century Financial Services for $91M
BSVNBank7 Corp.
Bank7 Corp. was designated the successful bidder in a court-supervised auction for an approximately 71% controlling interest in Century Financial Services Corporation, the holding company for Century Bank. The final bid of $91 million included a breakup fee credit of approximately $2 million, resulting in a net cash purchase price of approximately $89 million. This transaction follows an initial agreement to acquire the shares for $68 million. Completion is subject to regulatory approvals and customary closing conditions, with expected closure in the fourth quarter of 2026. Century Bank operates nine branches in New Mexico and two loan production offices in Texas, reporting $1.36 billion in total assets as of June 30, 2026. Upon completion, the combined entity will have approximately $3.4 billion in total assets. Bank7 Corp. is a bank holding company that operates Bank7, serving business owners and entrepreneurs through loan and deposit products across Oklahoma, Texas, and Kansas.