Bank7 Closes Century Financial Merger; Terms Set at $210.41 Cash Plus 3.7052 BSVN Shares

summarizeSummary

Bank7 completed its previously announced merger with Century Financial Services on November 1, 2026, paying accredited Century holders about $210.41 cash plus 3.7052 BSVN shares per share and naming Anne Kain president of Century Bank.

check_boxKey Events · M&A and Partnerships · BSVN

• Century Merger Completed

  Century Financial Services merged into Bank7 effective 12:01 a.m. Central Time on November 1, 2026, after articles of merger were accepted in Oklahoma and New Mexico.

• Per-Share Consideration Quantified

  Accredited Century holders receive approximately $210.41 in cash plus 3.7052 BSVN shares per share; non-accredited holders receive $426.53 in cash. Phantom stock units were cashed out at $423.56 each.

• New Share Issuance

  The BSVN shares issued in the merger are restricted securities sold in a private placement to accredited investors, so the share count rises by 3.7052 shares per acquired Century share.

• No Dissenters, No Appraisal Risk

  No Century shareholders properly exercised dissenters' rights under New Mexico law, so no fair-value payments are owed.

auto_awesomeAnalysis · BSVN · Finance

With the Century deal now closed, Bank7's balance sheet and branch footprint change today: eight New Mexico branches and one Dallas loan production office join the twelve existing branches. For the first time, the filing also puts hard numbers on the consideration — accredited Century holders receive about $210.41 in cash plus 3.7052 BSVN shares per share, while non-accredited holders get $426.53 in cash. Because the stock portion is newly issued restricted stock, the share count rises, but the cash component is the larger part of the price and no dissenters exercised rights, so there is no appraisal overhang. What matters next is integration and the pending merger of the two subsidiary banks, which still needs regulatory approval.