News & Events zu Bank7 Corp (BSVN)BSVNBank7 Corp

Company and Century Financial Merger Approved, Expected to Close November 1, 2026

We are pleased with another quarter of strong core results, including growth in the loan book despite significant payoffs, while also maintaining a healthy pipeline of new loans. The Company continues to benefit from high capital levels, robust liquidity, a strong net interest margin, and excellent credit quality, supported by our properly matched balance sheet and our position in dynamic markets. Regarding the Century merger, we are pleased to report that in addition to receiving all regulatory approvals, the Century Financial shareholders have approved the merger, which is expected to close on November 1, 2026. The merger will extend the franchise into New Mexico and will allow the Company's proven model to leverage Century's core deposits to provide a highly accretive impact on earnings," said Thomas Travis, President and CEO of the company.

Bank7 to Acquire Century Financial Services in $136.9M Deal

Bank7 and Century Financial Services, the Santa Fe, New Mexico-based bank holding company for Century Bank, have entered into a definitive Agreement and Plan of Merger to which Bank7 will acquire 100% of the outstanding common stock of Century Financial Services. Upon completion, the transaction would create a combined Southwest banking organization with approximately $3.3B in total assets, pairing Bank7's franchise with Century's New Mexico deposit franchise. Founded in 1887, Century Bank is one of the last remaining independent banks headquartered in New Mexico and the second-largest bank headquartered in the state. Century operates eight branches across New Mexico, complemented by two loan production offices in Dallas and Houston, Texas. As of June 30, Century Bank reported total assets of $1.36B , total deposits of $1.23B, and gross loans of $845M. Bank7 intends to retain the Century Bank name and brand image. At closing, each outstanding share of Century common stock will be converted into the right to receive a pro rata portion of aggregate consideration consisting of $70M in cash and 1,232,657 shares of company common stock. This would equate to $210.41 in cash and 3.7052 shares of company common stock per Century share, and implies an aggregate transaction value of approximately $136.9M.

Bank7 Acquires Century Financial Services in $136.9 Million Deal

Bank7 and Century Financial Services, the Santa Fe, New Mexico-based bank holding company for Century Bank, have entered into a definitive Agreement and Plan of Merger to which Bank7 will acquire 100% of the outstanding common stock of Century Financial Services. Upon completion, the transaction would create a combined Southwest banking organization with approximately $3.3B in total assets, pairing Bank7's franchise with Century's New Mexico deposit franchise. Founded in 1887, Century Bank is one of the last remaining independent banks headquartered in New Mexico and the second-largest bank headquartered in the state. Century operates eight branches across New Mexico, complemented by two loan production offices in Dallas and Houston, Texas. As of June 30, Century Bank reported total assets of $1.36B , total deposits of $1.23B, and gross loans of $845M. Bank7 intends to retain the Century Bank name and brand image. At closing, each outstanding share of Century common stock will be converted into the right to receive a pro rata portion of aggregate consideration consisting of $70M in cash and 1,232,657 shares of company common stock. This would equate to $210.41 in cash and 3.7052 shares of company common stock per Century share, and implies an aggregate transaction value of approximately $136.9M.