Bank7 Corp. Wins Auction to Buy Century Financial for ~$89M

What Happened
Bank7 Corp. announced it was designated the successful bidder in a court‑supervised auction held September 3, 2026 to buy shares of Century Financial Services Corporation. Bank7 originally signed a July 1, 2026 Stock Purchase Agreement to acquire 237,136 shares and any additional shares subject to the receivership (estimated at ~71% of Century) for $68.0 million, but at the auction the Company’s final bid of $91.0 million (inclusive of a breakup fee credit of ~$2.0 million) resulted in a net cash purchase price of approximately $89.0 million. The sale was conducted by the court‑appointed Receiver (MCA Financial Group, LTD.; Morris C. Aaron and/or Keith Bierman) under orders in KS StateBank Corp. v. Kathleen K. Peters, Case No. CV-25-02576-PHX-ROS. A company press release dated September 3, 2026 is attached as Exhibit 99.1.

Key Details

• Purchase Agreement originally dated July 1, 2026 to buy 237,136 shares plus additional receivership shares (estimated ~71% of Century).
• Original agreed purchase price: $68.0 million.
• Court‑supervised auction held September 3, 2026; Bank7’s final bid: $91.0 million (includes ~ $2.0M breakup fee credit), net cash price ≈ $89.0 million.
• Receiver overseeing sale: MCA Financial Group, LTD. (Morris C. Aaron and/or Keith Bierman); matter from U.S. District Court for the District of Arizona.

Why It Matters
This filing reports that Bank7 was selected to acquire an estimated controlling stake in a bank holding company (Century). For investors, the key facts are the scale of the deal (roughly $89M net) and that the purchase price rose materially from the originally disclosed $68M—reflecting a competitive, court‑supervised auction. The outcome could affect Bank7’s capital deployment and business scope once the transaction closes; the company issued a press release with more details (Exhibit 99.1).