Bank7 wins Century auction with $91m bid, up from its $68m opening offer
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The auction changed the price.
Bank7 was named the successful bidder for an approximately 71 percent controlling interest in Century Financial Services Corporation, parent of Century Bank in Santa Fe. Its $91m purchase price is $23m above the $68m opening bid disclosed in July.
An approximately $2m breakup credit reduces the net cash price to about $89m. The court-supervised sale still requires bank regulatory approvals and satisfaction of other closing conditions. Bank7 expects to close it in the fourth quarter.
Century Bank reported $1.36bn of assets and $1.23bn of deposits at June 30. The combined organization would hold about $3.4bn of assets.
The document: Bank7, Form 8-K, September 3, 2026, 0001140361-26-035571.
