Bank7 Corp. to Acquire Controlling Stake in Century Financial Services Corporation
Bank7 Corp. (NASDAQ: BSVN) has been selected as the winning bidder for an approximately 71% controlling interest in Century Financial Services Corporation, a Santa Fe-based bank holding company. The acquisition is valued at $91 million and includes a break-up credit of about $2 million, resulting in a net cash price of around $89 million. This transaction follows a court-supervised auction process initiated by a receiver appointed through the receivership proceeding KS StateBank Corporation v. Peters et al. The deal is expected to close during the fourth quarter after securing necessary regulatory approvals and meeting customary closing conditions. Century Bank, which operates nine branches in New Mexico and two loan production offices in Texas, reported total assets of $1.36 billion as of June 30, 2026. The acquisition will expand Bank7 Corp.'s asset base to approximately $3.4 billion. Bank7's CEO expressed optimism about the transaction, highlighting plans for collaboration with Century’s employees and customers.
Tickers: $BSVN
Topics: Acquisition Banking Corporate Finance