Noticias y eventos de Bank7 Corp (BSVN)BSVNBank7 Corp

Bank7 Announces Quarterly Cash Dividend Increase to 30 Cents

Bank7 Corp. is pleased to announce that its Board of Directors has declared an increase to its quarterly cash dividend to 30c per common share from the current 27c per common share. This dividend represents an 11.11% increase to the current dividend and is the seventh consecutive annual increase in BSVN's quarterly cash dividend. The dividend will be paid on October 8 to shareholders of record as of the close of business on September 18.

Company Reports Strong Core Banking Results Despite Non-Recurring Loss

"We are pleased with our core banking results this quarter. Reported results include a non-recurring loss on the sale of energy assets, which followed the successful maximization of our loan loss recovery related to an energy loan previously charged off in 2023. The company continues to benefit from strong capital, robust liquidity, a solid net interest margin, and excellent credit quality, which are all supported by our properly matched balance sheet and our location in the dynamic markets we serve," said Thomas Travis, President and CEO of the company.

Bank7 Acquires Approximately 71% Controlling Interest in Century Financial

Bank7 Corp. announced that it has entered into a definitive Stock Purchase Agreement to acquire an approximately 71% controlling ownership interest in Century Financial Services Corporation, the Santa Fe, New Mexico-based bank holding company for Century Bank. The shares to be acquired are being sold by a court-appointed receiver through a court-supervised sale process in the receivership proceeding captioned KS StateBank Corporation v. Peters, et al., pending in the U.S. District Court for the District of Arizona. Bank7 has agreed to serve as the "stalking horse" bidder, establishing the floor price and baseline terms for the sale. Consistent with a court-supervised sale, the agreement and the proposed transaction are subject to higher or otherwise better offers solicited through a competitive bidding and auction process, for which we have a matching right, as well as approval by the Court. Completion of the transaction is also subject to the receipt of all required bank regulatory approvals and the satisfaction of customary closing conditions. The transaction is expected to close in the third quarter. There can be no assurance that the transaction will be completed on the terms described, or at all. Upon completion, the transaction would create a combined Southwest banking organization with approximately $3.4B in total assets. The company expects the acquisition to extend its footprint into an attractive and adjacent new market.