M&A
confidence high
sentiment neutral
materiality 0.50
Bank7 files historical financials of acquired Watonga Bancshares; WBI had $221M assets at year-end 2020
Bank7 Corp.
- Acquisition of Watonga Bancshares closed Dec 9, 2021; this filing adds audited 2020 and unaudited 2021 financials.
- WBI reported total assets $220.6M, deposits $195.0M, stockholders' equity $22.9M as of Dec 31, 2020.
- WBI net income for 2020 was $1.37M; net interest income $7.32M; non-interest expense $7.54M.
- Pro forma combined statements filed for nine months ended Sep 2021 and year 2020.