Bank7 Corp. said it has agreed to buy an approximately 71% controlling stake in Century Financial Services Corp., the Santa Fe, New Mexico-based 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. Bank7 said the acquisition would lift the combined organization to about $3.4 billion in total assets.
The deal would add nine Century Bank branches in New Mexico and two loan production offices in Texas to Bank7’s existing footprint in Oklahoma, Texas and Kansas. Bank7 currently operates 12 locations across those markets.
Bank7 said it is acting as the stalking horse bidder, setting the floor price and terms for the sale. The transaction remains subject to competing bids, court approval, bank regulatory approvals and other closing conditions, with closing expected in the third quarter.
The company said the move would extend its southwest franchise into New Mexico and deploy excess capital into a franchise-enhancing acquisition. The market has reacted to these announcements by moving the company's shares -1.06% to a price of $49.59. For the full picture, make sure to review Bank7's 8-K report.
