Bank7 Corp. Wins Bid to Acquire Majority Stake in Century Financial Services Corporation

In a significant development within the financial sector, Bank7 Corp. (NASDAQ: BSVN), the parent organization of Oklahoma City's Bank7, has emerged as the successful bidder in an auction for a controlling ownership interest in Century Financial Services Corporation, based in Santa Fe, New Mexico. This acquisition handles approximately a 71% ownership interest in Century Financial Services for a total of $91 million, including an upfront breakup credit of around $2 million, leading to a net cash purchase price of $89 million.

The transaction is designed to strengthen Bank7's market presence and is aligned with the company’s strategy to engage with broader customer demographics. The shares are currently being sold by a court-appointed receiver, under a court-supervised sale process as a part of the ongoing receivership case titled KS StateBank Corporation v. Peters, et al., which is filed in the U.S. District Court for the District of Arizona.

Although Bank7 has successfully secured this acquisition, the completion of the transaction rests on obtaining all necessary regulatory approvals in accordance with banking regulations, along with meeting typical closing conditions. The firm anticipates that the transaction will be finalized in the fourth quarter of this year.

Founded in 1887, Century Bank has a robust operation with nine branches spread across New Mexico and two loan production offices situated in Texas. Their reported financial standing as of June 30, 2026, shows total assets soaring to $1.36 billion, alongside total deposits reaching $1.23 billion and gross loans amassing $845 million. Once finalized, this acquisition is expected to result in a combined banking entity that commands approximately $3.4 billion in total assets, establishing a considerable footprint within the Southwestern financial landscape.

Thomas L. Travis, President and CEO of Bank7 Corp., expressed enthusiasm in a statement regarding the acquisition: "We are looking forward to completing this transaction and working closely with the employees, customers, and communities served by Century." This growth initiative not only augments Bank7's capacity to serve its existing clientele but significantly increases its operational resources to engage and accommodate a larger customer base.

As a leading bank holding company headquartered in Oklahoma City, Bank7 Corp. prides itself on delivering tailored financial solutions to business owners and entrepreneurs through fast, consistent, and well-structured loan and deposit products. With this move, Bank7 is set on a path that aims to fulfill a wider range of financial needs while fostering community-driven banking experiences.

This acquisition adds a new chapter to Bank7's progressive expansion, reinforcing its commitment to enhancing financial offerings to meet the evolving demands of modern banking practices. However, as with many strategic acquisitions, Bank7's plans also carry inherent risks. These include uncertainties surrounding regulatory approvals and potential competing bids that could alter the financial landscape of this significant transaction. The successful completion of this bid will signal Bank7's resilient adaptability and growth trajectory, amid changing market conditions and customer needs. As remain poised for future developments, all eyes will be on the forthcoming fourth quarter to see how these changes unfold in the banking sector.

About Bank7 Corp.
Bank7 Corp. operates as a bank holding company based in Oklahoma City, Oklahoma, through its wholly-owned subsidiary, Bank7. Currently, it operates twelve locations within Oklahoma, the Dallas/Fort Worth metropolitan area in Texas, and Kansas, focusing on a commitment to facilitate access to reliable financial services for business owners and entrepreneurs.

As the momentum builds around this acquisition, stakeholders and market analysts will closely monitor the transaction's progression until all legal and regulatory hurdles are addressed and resolved satisfactorily. This represents a pivotal moment not only for Bank7 but also for the greater financial services community as it adapts to shifting market dynamics and customer expectations.