Bank7 to buy Century Financial Services in cash-and-stock deal valued at about $137 million
BSVN•Bank7 agrees to acquire Century Financial Services
Bank7 agreed to buy Century Financial Services, parent of Century Bank, expanding into New Mexico and adding a long-established deposit franchise.
Consideration totals $70 million in cash and 1,232,657 Bank7 shares, implying about $137.3 million using a $54.57 reference price.
Per Century share, holders would receive $210.41 in cash and 3.7052 Bank7 shares; non-accredited holders would receive cash in lieu of shares.
Century Bank has $1.36 billion in assets, $1.23 billion in deposits and $845 million in gross loans as of June 30, 2026.
Closing is targeted for Q4 2026; Bank7 also has a separate agreement to buy a 71% stake via a court-run process.
