Bank7 Corp to Acquire Century Financial Services Corporation and Expand into New Mexico
Bank7 Corp (NASDAQ: BSVN) has entered a definitive agreement to acquire Century Financial Services Corporation, the parent company of Century Bank based in Santa Fe, New Mexico. The acquisition is expected to expand Bank7's footprint into an adjacent Southwest market while adding a stable deposit base and enhancing its regional presence. The combined entity will have approximately $3.3 billion in total assets, leveraging Century’s legacy core deposits totaling $1.23 billion as of June 30, 2026. Founded in 1887, Century Bank is one of the last independent banks headquartered in New Mexico and operates eight branches across the state with additional loan production offices in Texas. Both companies emphasize a relationship-driven community banking model and expect to deliver enhanced services through this merger. The transaction represents a disciplined use of excess capital for Bank7 and aims to strengthen long-term returns.
Tickers: $BSVN
Topics: banking corporate_acquisition