What changed
Bank7 Corp. was named the successful bidder to acquire an approximately 71% controlling interest in Century Financial Services Corporation, parent of Santa Fe-based Century Bank. The purchase price is $91 million, including a breakup credit of about $2 million, for a net cash price of approximately $89 million. Century Bank reported total assets of $1.36 billion, total deposits of $1.23 billion, and gross loans of $845 million as of June 30, 2026. The deal is expected to close in the fourth quarter, subject to regulatory approvals and customary closing conditions.
Why it matters
Bank7 Corp. was named the successful bidder to acquire an approximately 71% controlling interest in Century Financial Services Corporation, parent of Santa Fe-based Century Bank. The purchase price is $91 million, including a breakup credit of about $2 million, for a net cash price of approximately $89 million. Century Bank reported total assets of $1.36 billion, total deposits of $1.23 billion, and gross loans of $845 million as of June 30, 2026. The deal is expected to close in the fourth quarter, subject to regulatory approvals and customary closing conditions.