Bank7 announced it agreed to acquire an approximately 71% controlling stake in Century Financial Services Corporation, the parent of Century Bank in Santa Fe, New Mexico. The stake is being acquired through a court-supervised sale process, with Bank7 serving as the stalking horse bidder and setting the initial bid terms. The deal remains subject to competing bids, court approval, regulatory approvals, and customary closing conditions, and is expected to close in the third quarter of 2026. Following completion, the combined company would have approximately $3.4 billion in total assets, expanding Bank7's footprint into New Mexico and deploying excess capital into long-term growth.
Bank7 CorpBank7 is acquiring a 71% stake in Century Financial, expanding its footprint and deploying excess capital for growth.
Century Financial is being acquired by Bank7, providing an exit for its stakeholders through a court-supervised sale.