Bank7 Corp. has completed its acquisition of Century Financial Services Corporation, parent of Santa Fe-based Century Bank, in a cash-and-stock deal valued at about US$137.3m when it was agreed in September.
Why Bank7 Corp. is buying Century Financial Services Corporation (Century Bank)
Bank7 said the deal extends its footprint from Oklahoma, Texas and Kansas into neighbouring New Mexico and adds Century's long-established core deposit franchise, creating a group with about US$3.3bn of assets.
Deal terms and financing
Each Century share was converted into about US$210.41 in cash and 3.7052 Bank7 shares, with cash for non-accredited holders. Bank7 had earlier been named successful bidder at a receivership auction for a c.71% stake at a net price of about US$89m before agreeing the whole-company merger on 16 September.
Regulatory approvals and timing
The holding company merger became effective on 1 November 2026; Century Bank is to merge into Bank7 subsequently.
Market context
Century Bank, founded in 1887, operates branches across New Mexico and loan production offices in Texas. Its CFO Anne Kain has been named president.
