Bank7 Secures Century Financial Stake in $91 Million Acquisition

The deal grants Bank7 a roughly 71% stake in the holding company for Century Bank. Accounting for a $2 million break-up credit, the net cash purchase price settles at approximately $89 million. This transaction is moving forward through a court-supervised sale process, a structure that underscores the complexities involved in securing the asset.

While the financial terms are set, the acquisition remains subject to standard bank regulatory approvals. Management anticipates finalizing the deal by the fourth quarter. This move reflects a broader upward momentum for Bank7, which continues to outperform market expectations as it integrates this new holding into its portfolio.