Bank7 Completes Century Financial Holding Company Merger

The Tip Desk · November 2, 2026 · 2 min read

The Oklahoma City bank holding company closed a whole-company combination that pairs its franchise with Century Bank’s New Mexico deposit base.

Bank7 Corp. (BSVN) completed a holding company merger with Century Financial Services Corporation, effective November 1, 2026, pairing the Oklahoma City-based lender with the Santa Fe, New Mexico bank holding company for Century Bank.

Thomas L. Travis, President and CEO of Bank7 Corp., said, “The completion of the holding company merger marks an exciting chapter for our combined organization. We look forward to bringing together two community banking organizations that will pair Bank7’s high performing bank with Century’s core deposit franchise.”

The close followed a multi-step path that began in July, when Bank7 agreed to buy an approximately 71% controlling interest in Century from a court-appointed receiver in the receivership proceeding captioned KS StateBank Corporation v. Peters, et al., pending in the U.S. District Court for the District of Arizona. Bank7 served as the stalking-horse bidder in that court-supervised sale.

On September 3, the company was named the successful bidder at the auction. The purchase price for the controlling stake was $91 million, inclusive of a break-up credit of approximately $2 million, for a net cash purchase price of approximately $89 million.

On September 17, Bank7 and Century jointly announced a definitive Agreement and Plan of Merger under which Bank7 would acquire 100% of Century’s outstanding common stock. The company said a whole-company transaction under the Merger Agreement was its preferred path and that it intended to pursue it in lieu of, but without waiver of, the purchase of a controlling interest. The previously announced Stock Purchase Agreement with the receiver remained in full force, and the company reserved all of its rights thereunder. Depending on the outcome of the court process and any order entered by the court, Bank7 said it may elect to proceed under the Stock Purchase Agreement instead.

Upon completion of the whole-company deal, the companies said the transaction would create a combined Southwest banking organization with approximately $3.3 billion in total assets, pairing Bank7’s high-performing franchise with Century’s long-established New Mexico deposit franchise.

Century Bank, founded in 1887, is one of the last remaining independent banks headquartered in New Mexico and the second-largest bank headquartered in the state. It operates eight branches across New Mexico, complemented by two loan production offices in Dallas and Houston, Texas, and serves its markets through a relationship-driven, “local-first” community banking model with the capabilities of a regional bank.

Bank7 operates twelve locations in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area and Kansas, and is focused on serving business owners and entrepreneurs.