Bank7 Corp. completes $29.3M cash acquisition of Cornerstone Bank, adds 3 branches

Bank7 Corp.

Acquired Watonga Bancshares (parent of Cornerstone Bank) for ~$29.3M cash; WBI dissolved and Cornerstone merged into Bank7.
Pro forma assets increase $254M to $1.4B; deposits up $228M to $1.2B; loans up $118M to $1.0B (as of Sep 30, 2021).
Adds three branches on western edge of Oklahoma City metro; total branches now 12, with 4 in the metro area.
Cornerstone customers continue with their longtime bankers; integration expected to benefit all shareholders.

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