M&A
confidence high
sentiment positive
materiality 0.75
Bank7 Corp. agrees to acquire ~71% of Century Financial Services for $68M as stalking horse bid
Bank7 Corp.
- Purchase price of $68M cash for ~71% controlling interest in Century Financial Services, parent of Century Bank.
- Century Bank has $1.35B assets, $1.22B deposits, $826M loans as of March 31, 2026; combined entity would have ~$3.4B assets.
- Transaction is a stalking horse bid subject to court-supervised auction, higher offers, and regulatory approvals; expected close Q3 2026.
- Break-up fee of $2.04M payable to Bank7 if not selected as successful bidder; good-faith deposit of $7.25M required.
- Acquisition extends Bank7's footprint into New Mexico; Century brand to be retained if successful.