Bank7 Corp. said July 2 it 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. If the deal closes, Bank7 said the combined organization would have about $3.4 billion in total assets.
The acquisition would add nine Century Bank branches in New Mexico and two loan production offices in Texas to Bank7’s footprint, extending the company beyond its existing markets in Oklahoma, Texas and Kansas. Bank7 said the transaction is expected to close in the third quarter.
Bank7 is serving as the stalking horse bidder, setting the floor price and baseline terms for the auction. The deal is still subject to competing bids, court approval, regulatory approvals and other closing conditions.
Bank7 said the purchase would deploy excess capital into a franchise it expects to be more valuable than buybacks, dividends or organic growth alone. The company also said Century’s brand would be retained and customers would continue working with their current bankers if the transaction is completed. The market has reacted to these announcements by moving the company's shares -1.06% to a price of $49.59. If you want to know more, read the company's complete 8-K report here.
