BANK7 CORP. DL-,01 Aktie

Bank7 agreed to acquire all outstanding common stock of Century Financial Services in a cash-and-shares deal valued at about $137.3 million, creating a Southwest banking group with roughly $3.3 billion in total assets. The transaction adds Century's $1.2 billion core deposit base and eight New Mexico branches plus loan production offices in Dallas and Houston. Bank7 will keep the Century Bank name, fund the deal from surplus capital, and merge Century into Bank7 to expand its footprint in the Santa Fe market and neighbouring Southwest regions. » Plus sur finance.yahoo.com

Bank7 realized a $3.7 million net gain after exiting its oil and gas assets and recovered prior cash investments. Q2 results were affected by one-time gains and elevated operating expenses tied to IT material weakness remediation and M&A advisory fees. Management maintains mid-single-digit loan growth guidance and expects core NIM of 4.45%–4.53%, with a robust loan pipeline and Q3 fundings seen roughly doubling Q2. The bank is the stalking-horse bidder for a 71% franchise stake, may face a temporary 'stub period' before full consolidation, and remains open to follow-on acquisitions. » Plus sur finance.yahoo.com

Bank7 has reached an agreement as a stalking-horse bidder to acquire roughly 71% of Century Financial Services; the sale is being conducted by a court-appointed receiver through a supervised auction process. The transaction is subject to higher bids, court approval, regulatory permits and other closing conditions and is expected in the third quarter. If completed, the combined institution would have about $3.4 billion in total assets and would give Bank7 additional branches in New Mexico plus two loan offices in Texas. » Plus sur de.investing.com