Short answer
Bank7 Corp. (BSVN) filed an 8-K current report with the SEC on September 17, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.2). Century merger consideration: $70M cash plus 1,232,657 Bank7 shares.
Bank7 Corp. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Century merger consideration: $70M cash plus 1,232,657 Bank7 shares
- Each Century share converts into $210.41 cash and 3.7052 Bank7 shares
- Century Bank merger into Bank7 follows parent-company transaction, consolidating banking operations
- Closing requires Century shareholder, Federal Reserve, and Receivership Court approvals
- Termination deadline November 30, 2026, extendable to June 30, 2027; $7.32M fee payable by Century under certain circumstances
Item EX-99.1 · Exhibit EX-99.2
- Bank7 to acquire 100% of Century, adding $1.36B in assets, $1.23B deposits, and $845M loans as of June 30, 2026
- Consideration totals $70M cash plus 1,232,657 Bank7 shares, implying approximately $137.3M transaction value
- Combined organization expected to reach approximately $3.3B in assets and enter New Mexico through eight Century branches
- Century’s $1.2B core deposit franchise strengthens funding, while Bank7 gains Santa Fe exposure and Texas loan-production offices
- Expected fourth-quarter 2026 closing remains subject to shareholder, regulatory, court, and customary approvals; 71% controlling-interest purchase remains an alternative
Other items in this filing:
- Item 7.01: Regulation FD Disclosure
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