Bank7 Acquires Century Financial Services for $137.3 Million
Bank7 Corp has agreed to acquire all outstanding common stock of Century Financial Services Corporation in a cash-and-shares deal valued at approximately $137.3 million. The acquisition will expand Bank7's presence into New Mexico, adding Century’s deposit base and eight branches in the state along with two loan production offices in Texas. Upon completion, the combined entity is expected to have total assets of around $3.3 billion. Century Financial Services operates as one of the last independent banks based in New Mexico and holds a significant market position there. As of June 2026, Century Bank reported total assets of $1.36 billion, deposits of $1.23 billion, and loans of $845 million. The deal is expected to utilize surplus capital from Bank7 rather than being used for buybacks or dividends. Both CEOs expressed optimism about the merger's potential to strengthen their presence in the Southwest region while maintaining Century’s brand identity and deposit franchise.
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