Bank7 Corp. said it has agreed to buy an approximately 71% controlling stake in Century Financial Services Corp., the Santa Fe, New Mexico bank holding company for Century Bank, in a court-supervised sale process.
Century Bank reported $1.35 billion in assets, $1.22 billion in deposits and $826 million in gross loans as of March 31, 2026. If the deal closes, Bank7 said the combined organization would have about $3.4 billion in total assets.
The transaction would add Century’s nine branches in New Mexico and two loan production offices in Texas to Bank7’s footprint in Oklahoma, Texas and Kansas. Bank7 currently operates 12 locations across those three states.
Bank7 said it is acting as the stalking horse bidder, setting the floor price and terms for the auction process. The company said the deal is expected to close in the third quarter, pending higher bids, court approval, regulatory approvals and other closing conditions.
CEO Thomas L. Travis said the acquisition would deploy excess capital into a franchise-enhancing deal and extend Bank7 into a neighboring Southwest market. Bank7 said Century’s brand would be retained and customers would continue to work with their longtime bankers if the transaction is successful. Today the company's shares have moved -1.06% to a price of $49.59. Check out the company's full 8-K submission here.
