Bank7 Corp. To Acquire Century Financial Services To Expand Its Presence In Southwest Market

Bank7 Corp will acquire Century Financial Services Corp in a $137.3m cash-and-shares deal, creating a Southwest banking group with $3.3bn in assets. Century Bank, with $1.36bn in assets, will add its New Mexico deposit base to Bank7's operations. Both CEOs expressed optimism about the strategic benefits and seamless transition.

Bank7 Corp. (BSVN) will acquire Century Financial Services Corporation, expanding into New Mexico. The deal, valued at $137.3M, includes $70M in cash and 1.23M shares. Century has $1.36B in assets, $1.23B in deposits. Both banks focus on community banking. The transaction is subject to regulatory and shareholder approvals.

Bank7 Corp. (BSVN) has been named the successful bidder to acquire a 71% stake in Century Financial Services Corp. for $89 million. The deal, subject to regulatory approvals, is expected to close in Q4 2026. Century Bank has $1.36 billion in assets, and the merger would create a combined entity with $3.4 billion in total assets.

Bank7 Corp. (BSVN) reported Q2 2026 net income of $8.35 million, down 24.8% from $11.11 million, and diluted EPS of $0.87 versus $1.16. Total loans rose 6.7% to $1.60 billion and total assets grew 4.3% to $1.91 billion. Management guided Q3 expenses of $9.5 million to $9.7 million and core NIM of 4.45% to 4.53%.

Bank7 Corp. reported a $3.7 million net gain from exiting its oil and gas investment and said IT material-weakness remediation and related non-recurring costs raised operating expenses. It reiterated mid-single-digit full-year loan growth guidance, expects Q3 expenses of $9.5 million to $9.7 million, and guided core NIM at 4.45% to 4.53%. The bank is pursuing a 71% stake in Century via a court-monitored auction.

Bank7 Corp. (BSVN) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ef20078094_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE: Bank7 Corp. Announces Q2 2026 Earnings Oklahoma City, July 16, 2026 – Bank7 Corp. (NASDAQ: BSVN) ("the Company"), the parent company of Oklahoma City-based Bank7 (the "Bank"), today reported unaudite