Bank7 raises Century Financial Services stake purchase price to $88.96 million after auction bid - BSVN News | RalliesBank7 raises Century Financial Services stake purchase price to $88.96 million after auction bid
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BSVN• Bank7 increases bid for Century Financial Services stake
- Bank7 raised its bid to buy about 71% of Century Financial Services to $88.96 million from $68 million.
- The revised price reflects a $91 million auction bid, net of a $2.04 million break-up fee credit.
- The deal covers 237,136 Century common shares, with additional receivership shares included.
- Bank7 was named the winning bidder in a court-supervised auction held on Sept. 3, 2026.
- Closing remains subject to a sale order and required regulatory approvals, including Federal Reserve approval.
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