Treasury
3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp
US Treasury par yield curve · Jul 31 · Source: U.S. Treasury
Saturday, August 1, 2026
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Comments close 2 September

Bank7 has asked the Federal Reserve to approve its purchase of a Santa Fe bank holding company out of a court receivership, and its own $68m bid can still be beaten at auction

Money & World
The Editorial Team ·
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The buyer is applying for approval to acquire something it might not end up owning.

Bank7 Corp of Oklahoma City has applied to the Federal Reserve to acquire Century Financial Services Corporation and, through it, Century Bank, both of Santa Fe, New Mexico. The Board filed the notice for public inspection on Friday. Comments go to the Federal Reserve Bank of Kansas City or to the Board itself, and they must arrive by 2 September.

The notice itself is four lines long and gives no price. The price is in the company's own filing.

What the 8-K says

Bank7 signed a Stock Purchase Agreement on 1 July with MCA Financial Group, LTD., acting solely as a court-appointed receiver on behalf of a receivership estate created by orders of the United States District Court for the District of Arizona. The company agreed to buy 237,136 shares of Century, plus any further shares caught by the receivership, estimated at about 71 percent of the outstanding stock, for $68.0 million in cash.

The shares come free and clear of liens and on an as-is, where-is basis, and Bank7 assumes none of the receivership estate's liabilities. Its board approved the agreement unanimously.

Stalking horse

The agreement is a stalking horse bid, which the filing states in those words. It is the baseline against which other offers are measured. The sale remains subject to higher and better offers under bidding procedures the Court approves, and qualified bids would send the matter to a Court supervised auction.

Bank7 has posted a $7.25 million good-faith deposit, credited to the price if it prevails. If it does not prevail, the receiver owes it a break-up fee of $2.04 million.

The dates that bind

Closing is conditioned on regulatory approvals, and the filing names the Federal Reserve Board specifically among them. Either party may terminate if closing has not occurred by 30 November 2026, subject to exceptions, or if an auction is held and Bank7 is not the successful bidder.

Neither document says why the receivership exists. Neither gives Century Bank's size. Bank7's most recent current report on EDGAR is dated 16 July and concerns its quarterly results, so no auction outcome has been reported to the SEC.

The document: Two primary documents were read in full and matched against each other. First: Board of Governors of the Federal Reserve System, notice captioned Formations of, Acquisitions by, and Mergers of Bank Holding Companies, FR Doc. 2026-15655, filed for public inspection at 08:45 on 31 July 2026, publication date 3 August 2026, signed by Erin Cayce, Assistant Secretary of the Board. Raw text fetched from federalregister.gov and read in full; no fetch-tool summary was relied upon. Verified from that notice: the application is made under the Bank Holding Company Act of 1956, 12 U.S.C. 1841 et seq., and Regulation Y, 12 CFR part 225; comments must be received not later than 2 September 2026 at the Reserve Bank indicated or at the offices of the Board of Governors, addressed to Benjamin W. McDonough, Secretary of the Board; the Reserve Bank is the Federal Reserve Bank of Kansas City, contact Jeffrey Imgarten, Assistant Vice President, 1 Memorial Drive, Kansas City, Missouri 64198-0001, with electronic comments to KCApplicationComments@kc.frb.org; the notice states that comments received are subject to public disclosure and in general will be made available without change; and the single application listed reads, in full, Bank7 Corp, Oklahoma City, Oklahoma; to acquire Century Financial Services Corporation, and thereby indirectly acquire Century Bank, both of Santa Fe, New Mexico. Second: Bank7 Corp., Form 8-K filed with the Securities and Exchange Commission on 2 July 2026 for an earliest event date of 1 July 2026, accession number 0001140361-26-027463, items 1.01, 7.01 and 9.01, signed by Kelly J. Harris, Chief Financial Officer. The filing was fetched from the SEC EDGAR archives and read in full. Verified from that 8-K: on 1 July 2026 Bank7 Corp. and MCA Financial Group, LTD., and specifically Morris C. Aaron and/or Keith Bierman, solely in their capacity as court-appointed receiver acting on behalf of a Receivership Estate appointed pursuant to orders of the United States District Court for the District of Arizona entered in Case No. CV-25-02576-PHX-ROS, entered into a Stock Purchase Agreement; the company agreed to purchase 237,136 shares of common stock of Century Financial Services Corporation, a New Mexico corporation and registered bank holding company, together with any additional shares subject to the receivership proceeding, estimated at approximately 71 percent of Century's outstanding common stock, for a cash purchase price of $68.0 million; the shares are to be sold free and clear of all liens, claims and encumbrances and are being purchased on an as-is, where-is basis, with no assumption of liabilities of the Receiver or the Receivership Estate; the board of directors of the company unanimously approved the agreement; the agreement is intended to serve as a stalking horse bid subject to approval by the Court, the sale is subject to the receipt of higher and better offers under Court approved bidding procedures, the agreement acts as the baseline bid against which other offers will be measured, and if qualified bids are timely submitted the Receiver would proceed with a Court-supervised auction; the agreement requires a good-faith deposit of $7.25 million, credited to the purchase price if the company is the successful bidder; a break-up fee of $2.04 million is payable to the company by the Receiver in certain circumstances including if the company is not the successful bidder; closing is conditioned on receipt of all required regulatory approvals including approval from the Board of Governors of the Federal Reserve System; and the agreement may be terminated by either party if closing has not occurred by 30 November 2026, subject to certain exceptions, or if an auction has been held and the company was not selected. The 8-K attaches the Stock Purchase Agreement as Exhibit 2.1 and a press release dated 2 July 2026 as Exhibit 99.1. Bank7 Corp. trades as BSVN on the Nasdaq Global Select Market. Bank7's complete EDGAR filing index was retrieved and reviewed for this brief: the most recent Form 8-K is dated 16 July 2026 and carries items 2.02 and 9.01, and no later current report reporting the outcome of any auction appears on the company's EDGAR record as at the time of writing. The statement below that no such filing exists rests on that review and on nothing else. Neither document states why the receiver was appointed, and no allegation of conduct against any person or entity named in the receivership case is made, repeated or implied below. Neither document states Century Bank's assets, deposits, branch count or financial condition, states any price for the remaining shares, names any competing bidder, states whether an auction has occurred, or states when the Federal Reserve will decide. None of those things is asserted below..

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