From Century Bank:

SANTA FE – Century Financial Services Corporation (“Century”), the Santa Fe, New Mexico-based bank holding company for Century Bank, issued the following statement in response to the press release (link) issued recently by Bank7 Corp. (NASDAQ: BSVN) announcing that Bank7 has entered into a Stock Purchase Agreement pursuant to which it could acquire an approximately 71% controlling ownership interest in Century. 

Century Bank is not for sale. Century is not a party to the Stock Purchase Agreement and is not involved in the proposed transaction. The shares referenced in Bank7’s announcement are owned by individual Century shareholders. Century is not selling any shares, does not participate in the sale process, and has not negotiated, approved, or endorsed the proposed transaction.

As Bank7 noted in its press release, the proposed transaction remains subject to competing bids, court approval, required regulatory approvals, and other closing conditions. Accordingly, there can be no assurance that the transaction—or any sale of the receiver-held shares—will be completed on the terms announced by Bank7, within the anticipated timeframe, or at all.

“We can assure you that it is business as usual at Century Bank,” President/CEO John E. Brichetto said. “The current shareholder matters do not affect accounts, deposits, or the quality of service with Century Bank. We are a well-capitalized financial institution built on a 139-year legacy. We look forward to focusing on our ongoing growth and to continuing to serve our customers, employees, and communities at the highest level.”

Century does not intend to comment further on the court-supervised sale process except as it determines to be appropriate or as may be required by applicable law.

ABOUT CENTURY BANK

Founded in 1887, Century Bank operates nine branches across New Mexico and two loan production offices in Texas, and it remains committed to the relationship-driven banking model that has served New Mexico communities for generations.