Bank7 Corp. said it has signed a definitive agreement to buy an approximately 71% controlling stake in Century Financial Services Corp., the Santa Fe, New Mexico-based parent of Century Bank, in a court-supervised sale process.
Century Bank reported $1.35 billion in assets as of March 31, 2026, along with $1.22 billion in deposits and $826 million in gross loans. If the deal closes, Bank7 said the combined organization would have about $3.4 billion in total assets.
The acquisition would push Bank7 beyond its current footprint in Oklahoma, Texas and Kansas and into New Mexico, with a particular emphasis on the Santa Fe market. Century Bank operates nine branches in New Mexico and two loan production offices in Texas.
Bank7 is acting as the stalking horse bidder, setting the opening terms and price floor for the auction. The transaction is still subject to higher bids, court approval, regulatory approvals and other closing conditions, with closing expected in the third quarter.
Thomas L. Travis, Bank7’s president and CEO, said the deal represents a “disciplined use” of the company’s excess capital and would extend its southwest franchise into a neighboring market. Following these announcements, the company's shares moved -1.06%, and are now trading at a price of $49.59. For the full picture, make sure to review Bank7's 8-K report.
