Bank7 Corp. has agreed to buy a controlling stake of about 71% in Century Financial Services Corp., a move that would push the Oklahoma City-based lender into New Mexico and lift its combined asset base to about $3.4 billion.
Century Bank, the Santa Fe-based bank owned by Century Financial, reported $1.35 billion in assets, $1.22 billion in deposits and $826 million in gross loans as of March 31, 2026. The bank operates nine branches in New Mexico and two loan production offices in Texas.
Bank7 said the deal would add a neighboring Southwest market to its current footprint in Oklahoma, Texas and Kansas. Bank7 currently operates 12 locations across those markets.
The acquisition is being pursued through a court-supervised sale process, with Bank7 serving as the stalking horse bidder. The company has a matching right if higher bids emerge.
If completed, the transaction would be Bank7’s latest expansion step and would use excess capital to buy a franchise that adds scale in a new state. Bank7 said it expects the deal to close in the third quarter. The market has reacted to these announcements by moving the company's shares -1.06% to a price of $49.59. Check out the company's full 8-K submission here.
