Short answer
Bank7 Corp. (BSVN) filed an 8-K current report with the SEC on July 2, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Bank7 agreed to buy approximately 71% of Century Financial Services for $68.0 million cash.
Bank7 Corp. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Bank7 agreed to buy approximately 71% of Century Financial Services for $68.0 million cash
- Transaction covers 237,136 shares plus additional receivership-held shares, acquired free of liens and assumed liabilities
- Stalking-horse bid requires $7.25 million deposit and remains subject to higher offers and a Court-supervised auction
- Closing requires Court approval and regulatory clearances, including Federal Reserve approval
- Agreement can terminate by November 30, 2026; $2.04 million break-up fee payable to Bank7 in certain outcomes
Item 7.01 · Regulation FD Disclosure
- Exhibit 99.1 contains the July 2, 2026 press release announcing a Purchase Agreement
- Purchase Agreement details and strategic implications require review of the attached exhibit
Item EX-99.1 · Exhibit EX-99.1
- Bank7 agreed to acquire approximately 71% of Century Financial Services, gaining control of Century Bank
- Century adds $1.35B assets, $1.22B deposits, $826M gross loans and nine New Mexico branches
- Combined organization would reach approximately $3.4B assets, extending Bank7 into the Santa Fe market
- Stalking-horse bid remains subject to competing offers, court approval and bank regulatory approvals
- Transaction expected to close in Q3 2026, with Century brand retention planned
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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