Browsing Tag
Century Bank
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Bank7 to acquire Century Financial for $137.3m in Southwest banking expansion
Bank7 Corp. has agreed to acquire Century Financial Services Corporation for approximately $137.3 million, creating a Southwest banking group with about $3.3 billion in assets.
Bank7 bids $68m for Century Financial control as Southwest banking consolidation accelerates
Bank7 has agreed to acquire approximately 71% of Century Financial Services through a court-supervised auction. The deal would add nine New Mexico branches, $1.22 billion in deposits and a platform centred on Santa Fe, but Bank7 can still be outbid and will inherit the complexities of controlling a bank with minority shareholders.