Watch for Century shareholder vote and regulatory approvals (Federal Reserve, court in receivership proceeding). The deal has strong insider support via voting agreements covering a substantial majority of Century shares, reducing execution risk. If the merger fails, BSVN retains the alternative path of purchasing a 71% controlling interest from the receiver.
Price Chart
Executive Summary
Bank7 Corp. (BSVN) has entered into a definitive merger agreement to acquire Century Financial Services Corporation for aggregate consideration of $70 million in cash and 1,232,657 shares of BSVN common stock, implying a total transaction value of approximately $137.3 million. The deal will create a combined $3.3 billion asset Southwest bank, adding Century's $1.2 billion core deposit franchise in New Mexico. The merger is being pursued in lieu of a previously announced stock purchase of a 71% controlling interest from a court-appointed receiver, and BSVN retains all rights under that alternative agreement.
Key Financial Metrics
Key Facts
- Aggregate merger consideration: $70 million cash plus 1,232,657 shares of BSVN common stock
- Implied aggregate transaction value: approximately $137.3 million based on BSVN's 10-day average closing price of $54.57
- Per Century share: $210.41 cash and 3.7052 BSVN shares
- Pro forma combined assets of approximately $3.3 billion
- Century Bank reported $1.36 billion in total assets, $1.23 billion in deposits, and $845 million in gross loans as of June 30, 2026
- Transaction expected to close in Q4 2026, subject to Century shareholder approval, regulatory approvals, and court approval in the receivership proceeding
- Termination fee of $7,320,000 payable by Century to BSVN under certain circumstances
- Directors, executive officers, the receiver, and certain minority shareholders holding a substantial majority have entered into voting agreements supporting the transaction
- BSVN expects 25%+ EPS accretion, 20%+ ROATCE once optimized, and a 1.7-year tangible book value earnback
- BSVN intends to retain the Century Bank name and brand image
Financial Impact
Total deal value of approximately $137.3 million; 25%+ EPS accretion expected; 1.7-year TBV earnback
Risk Factors
- Regulatory approval risk, including Federal Reserve and court approval in the receivership proceeding
- Dissenters' rights: condition that dissenting shares be less than 5% of outstanding Century shares
- Integration risk combining two bank franchises across Oklahoma and New Mexico
- Termination risk: if not closed by November 30, 2026 (extendable to June 30, 2027), either party may terminate
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-036855 |
| Document: ef20081983_8k.htm | 0001140361-26-036855 |
| Document: ef20081983_ex99-2.htm | 0001140361-26-036855 |
| Document: ef20081983_ex99-1.htm | 0001140361-26-036855 |
| Document: 0001140361-26-036855-index-headers.html | 0001140361-26-036855 |
| Document: 0001140361-26-036855-index.html | 0001140361-26-036855 |
| Document: 0001140361-26-036855.txt | 0001140361-26-036855 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 144 | $57.72 | awaiting T+5 | — | $58.72 (+1.73%) |
Oct 15, 2026 12d ago | 8-K | $55.49 $58.80 | ▼ −5.96% | ▼ −6.98% | $58.72 (−5.82%) |
Oct 15, 2026 12d ago | Press Release | $55.49 $58.80 | ▲ +5.96% | ▲ +6.98% | $58.72 (+5.82%) |
Oct 9, 2026 18d ago | 8-K | $54.79 $58.14 | ▲ +6.11% | ▲ +8.08% | $58.72 (+7.17%) |
Oct 6, 2026 21d ago | Press Release | $55.68 $55.20 | ▼ −0.86% | ▼ −0.72% | $58.72 (+5.46%) |
Sep 17, 2026 5w ago | 8-K | $54.56 $55.29 | ▲ +1.34% | ▲ +0.74% | $58.72 (+7.62%) |
Sep 17, 2026 5w ago | Press Release | $54.56 $55.29 | ▲ +1.34% | ▲ +0.74% | $58.72 (+7.62%) |
Jul 23, 2026 13w ago | Insider Cluster | $50.40 $50.00 | ▼ −0.79% | ▼ −1.27% | $58.72 (+16.51%) |
Jul 23, 2026 13w ago | Insider Cluster | $50.40 $50.00 | ▼ −0.79% | ▼ −1.27% | $58.72 (+16.51%) |
Jul 23, 2026 13w ago | Insider Cluster | $50.40 $50.00 | ▼ −0.79% | ▼ −1.27% | $58.72 (+16.51%) |
US Market Status
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