Bank7 Corp. Announces Agreement to Acquire Controlling Interest in Century Financial Services Corporation

Rhea-AI Summary

Bank7 Corp (NASDAQ: BSVN) agreed to acquire an approximately 71% controlling interest in Century Financial Services Corporation, parent of Century Bank in Santa Fe, New Mexico, through a court-supervised sale.

Century Bank had $1.35B assets on March 31, 2026; the combined organization is expected to have about $3.4B in assets, extending Bank7's Southwest footprint into New Mexico, subject to higher bids, regulatory approvals, court approval, and other closing conditions.

Positive

• Approximately 71% controlling interest in Century Financial Services agreed
• Combined organization expected to reach about $3.4 billion in assets
• Expansion into New Mexico, focused on Santa Fe market
• Century Bank adds $1.35 billion in assets and $1.22 billion deposits
• Excess capital deployed into a franchise-enhancing acquisition

Negative

• Transaction subject to higher or better competing offers
• Deal requires court approval and multiple bank regulatory approvals
• Company notes there is no assurance the transaction will close

News Market Reaction – BSVN

+2.80%

+2.80% Session close to close

In the Jul 6 session, BSVN gained 2.80%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Bank7’s agreement to buy a 71% stake in Century would create a $3.4 billion Southwest bank spanning ...

Analysis

Bank7’s agreement to buy a 71% stake in Century would create a $3.4 billion Southwest bank spanning New Mexico and existing markets. Investors may weigh prior acquisition experience against court-supervised and regulatory closing risks as they assess long-term impact.

Key Figures

Controlling ownership interest: 71% Century Bank branches: 9 branches Loan production offices: 2 offices +5 more

8 metrics

Controlling ownership interest 71% Stake in Century Financial Services Corporation to be acquired

Century Bank branches 9 branches Century Bank network across New Mexico

Loan production offices 2 offices Century loan production offices in Texas

Century total assets $1.35 billion Century Bank as of March 31, 2026

Century total deposits $1.22 billion Century Bank as of March 31, 2026

Century gross loans $826 million Century Bank as of March 31, 2026

Combined total assets $3.4 billion Pro forma Bank7 and Century upon completion

Expected closing period Third quarter Anticipated closing timing for the transaction

Previous Acquisition Reports

1 past event · Latest: Feb 28 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Feb 28	Acquisition announcement	Positive	+1.5%	Announced acquisition of First American Mortgage to expand mortgage division.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

In the past six months, an acquisition announcement for Bank7 coincided with a modestly positive share-price reaction.

Key Terms

stock purchase agreement, receivership, stalking horse, bank regulatory approvals

4 terms

stock purchase agreement financial

"entered into a definitive Stock Purchase Agreement to acquire an approximately 71%"

A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.

receivership regulatory

"through a court-supervised sale process in the receivership proceeding captioned"

Receivership is a legal process where a court or lender appoints an independent manager (receiver) to take control of a troubled company's assets and operations to preserve value and repay creditors. For investors, it signals severe financial distress and a high risk that equity holders may lose value, while creditors may recover some funds; think of it as a neutral custodian stepping in to stabilize and sell parts of a business like a guardian selling belongings to pay debts.

stalking horse financial

"Bank7 has agreed to serve as the "stalking horse" bidder, establishing the floor price"

A stalking horse is an initial bidder chosen in a court-supervised sale of a company or its assets to set a baseline offer and encourage competitive bidding. Think of it as the opening bid at an auction: it establishes a minimum price and terms for the sale and often receives a small fee or protection if another buyer tops the offer, which helps protect value for creditors and informs investors about likely recovery from the sale.

bank regulatory approvals regulatory

"subject to the receipt of all required bank regulatory approvals and the satisfaction"

Approvals from government or banking supervisors that allow a bank to carry out specific actions—such as opening branches, offering new products, raising capital, changing ownership, or completing mergers. These permissions matter to investors because they determine whether planned growth, revenue streams or cost structures can go ahead; a grant is like a building permit that unlocks expansion, while delays or denials can reduce expected earnings, increase risks and alter a bank’s market value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Acquisition Extends Bank7's Southwest Franchise into New Mexico

OKLAHOMA CITY, July 2, 2026 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN) (the "Company"), the parent company of Oklahoma City-based Bank7, today announced that it has entered into a definitive Stock Purchase Agreement to acquire an approximately 71% controlling ownership interest in Century Financial Services Corporation ("Century"), the Santa Fe, New Mexico-based bank holding company for Century Bank.

The shares to be acquired are being sold by a court-appointed receiver through a court-supervised sale process in the receivership proceeding captioned KS StateBank Corporation v. Peters, et al., pending in the U.S. District Court for the District of Arizona. Bank7 has agreed to serve as the "stalking horse" bidder, establishing the floor price and baseline terms for the sale. Consistent with a court-supervised sale, the agreement and the proposed transaction are subject to higher or otherwise better offers solicited through a competitive bidding and auction process, for which we have a matching right, as well as approval by the Court. Completion of the transaction is also subject to the receipt of all required bank regulatory approvals and the satisfaction of customary closing conditions. The transaction is expected to close in the third quarter. There can be no assurance that the transaction will be completed on the terms described, or at all.

Founded in 1887, Century Bank operates nine branches across New Mexico, complemented by two loan production offices in Texas. As of March 31, 2026, Century Bank reported total assets of $1.35 billion, total deposits of $1.22 billion, and gross loans of $826 million.

Upon completion, the transaction would create a combined Southwest banking organization with approximately $3.4 billion in total assets. The Company expects the acquisition to extend its footprint into an attractive and adjacent new market.

"The Century team members have built a solid franchise through a trusted, relationship-driven banking model that has served New Mexico communities for generations. We look forward to working closely together to continue building on their work," said Thomas L. Travis, President and CEO of the Company. "This transaction extends our footprint into a neighboring Southwest market, represents a disciplined use of our excess capital, and positions the combined organization to deliver personalized, high-touch service to even more business owners and entrepreneurs — all to the benefit of our customers, communities, and shareholders."

Strategic Rationale

• Attractive market extension. The acquisition expands Bank7 into New Mexico, with a heavy focus on the Santa Fe market, a contiguous addition to its existing Oklahoma, Texas, and Kansas markets.
• Disciplined use of excess capital. The transaction deploys excess capital that Bank7 has accumulated over time into a franchise-enhancing acquisition, an enhancement the Company believes will generate stronger long-term returns than buybacks, dividends, or organic growth alone.
• Continuity for customers and communities. Should Bank7's effort be successful, the Century brand will be retained, and customers will continue working with their longtime bankers.

About Bank7 Corp.

We are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent and well-designed loan and deposit products to meet their financing needs.

Advisors

Keefe, Bruyette & Woods, A Stifel Company, is serving as financial advisor to the Company. Nelson Mullins Riley & Scarborough LLP, is serving as legal counsel to the Company.

Forward-Looking Statements

This press release and oral statements made regarding the subject of this press release contain forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the proposed acquisition of a controlling interest in Century, the expected terms, timing, and benefits of the transaction, and the anticipated financial and strategic impact on the combined organization. These statements are subject to significant uncertainties, including, among others, the outcome of the court-supervised bidding and auction process; the possibility that a higher or better competing bid may be selected; the ability to obtain required court and bank regulatory approvals; the satisfaction of closing conditions; the ability to successfully and efficiently integrate the acquired operations and realize anticipated cost savings; the amount and timing of future changes in interest rates, market behavior, and other economic conditions; future laws, regulations, and accounting principles; and changes in regulatory standards and examination policies. Forward-looking statements are often, but not always, made through the use of words or phrases such as "anticipate," "believes," "can," "could," "may," "predicts," "potential," "should," "will," "estimate," "plans," "projects," "continuing," "ongoing," "expects," "intends," and similar words or phrases. Any or all of the forward-looking statements in this press release may turn out to be inaccurate, and there can be no assurance that the proposed transaction will be completed on the terms described, or at all. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Contact:

Thomas Travis
President & CEO
(405) 810-8600

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SOURCE Bank7 Corp.

FAQ

What acquisition did Bank7 Corp (NASDAQ: BSVN) announce on July 2, 2026?

Bank7 announced an agreement to acquire about 71% of Century Financial Services Corporation. According to Bank7, this controlling interest in Century Bank’s parent would extend its Southwest banking footprint into New Mexico, pending court approval, regulatory approvals, and other customary closing conditions.

How large will Bank7 Corp (BSVN) be after the Century acquisition?

The combined Bank7 and Century organization is expected to have about $3.4 billion in total assets. According to Bank7, Century Bank reported $1.35 billion in assets as of March 31, 2026, alongside $1.22 billion in deposits and $826 million in gross loans.

What are the key terms of Bank7 Corp’s planned acquisition of Century Financial Services?

Bank7 agreed to buy an approximately 71% controlling stake in Century through a court-supervised sale. According to Bank7, it is serving as the stalking horse bidder, with the agreement subject to higher bids, court approval, bank regulatory approvals, and standard closing conditions.

When is Bank7 Corp (BSVN) expected to close the Century acquisition?

Bank7 expects the Century acquisition to close in the third quarter, if conditions are met. According to Bank7, completion depends on court approval, required bank regulatory approvals, competitive bidding outcomes, and satisfaction of customary closing conditions, with no assurance of final completion.

How does the Century acquisition change Bank7 Corp’s market footprint?

The acquisition would expand Bank7’s footprint into New Mexico, with a focus on Santa Fe. According to Bank7, Century’s nine New Mexico branches and two Texas loan production offices complement existing operations in Oklahoma, Texas, and Kansas, creating a larger Southwest banking platform.

Why is Bank7 Corp using excess capital for the Century acquisition instead of buybacks or dividends?

Bank7 views the Century deal as a disciplined use of accumulated excess capital. According to Bank7, management believes this franchise-enhancing acquisition can generate stronger long-term returns than share buybacks, dividends, or organic growth alone, while broadening its customer base in the Southwest.

Will Century Bank keep its brand after Bank7 Corp acquires control?

Century Bank is expected to retain its brand if Bank7’s effort succeeds. According to Bank7, the plan is for customers to continue working with longtime Century bankers, supporting continuity for local customers and communities under the combined Southwest banking organization.