Bank7 Corp has agreed to acquire all outstanding common stock of Century Financial Services Corporation in a cash-and-shares deal valued at about $137.3m. The transaction would create a Southwest banking group with roughly $3.3bn in total assets, adding Century's deposit base in New Mexico to Bank7's existing operations in Oklahoma, Texas and Kansas. Century Bank, founded in 1887 and New Mexico's second-largest bank headquartered in the state, runs eight branches in New Mexico and two loan production offices in Dallas and Houston, and reported total assets of $1.36bn, total deposits of $1.23bn and gross loans of $845m at 30 June 2026. Bank7 plans to keep the Century Bank name and brand, and said it will use surplus capital built up over time rather than share buy-backs, dividends or organic expansion to fund the deal. Century will merge into Bank7, which will remain the surviving entity, and Century Bank will then merge into Bank7.
Bank7 CorpBank7 agrees to acquire Century Financial for ~$137.3m, expanding its assets to ~$3.3bn using surplus capital.
Century Financial shareholders receive a cash-and-shares buyout valued at about $137.3m.
