{"url_path":"/sec/bsvn/8-k/2026-07-02/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/1746129/0001140361-26-027463-index.html","accession_number":"0001140361-26-027463","cik":"0001746129","ticker":"BSVN","issuer_name":"Bank7 Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1746129/0001140361-26-027463-index.html","primary_entity_key":"0001746129","primary_entity_name":"Bank7 Corp."},"word_count":689,"has_tables":true,"body_markdown":"Item 1.01\n\nEntry into a Material Definitive Agreement.\n\nStock Purchase Agreement\n\nOn July 1, 2026, Bank7 Corp. (the “Company”) and MCA Financial Group, LTD., and specifically Morris C. Aaron and/or Keith Bierman, solely in its/their capacity as\ncourt-appointed receiver (the “Receiver”), acting on behalf of the Receivership Estate appointed pursuant to orders of the United States District Court for the District of Arizona (the “Court”) entered in KS StateBank Corporation v. Kathleen K.\nPeters, et al., Case No. CV-25-02576-PHX-ROS (the “Receivership Proceeding”) entered into a Stock Purchase Agreement (the “Purchase Agreement”).  Pursuant to the terms and subject to the conditions set forth in the Purchase Agreement, the Company\nhas agreed to purchase 237,136 shares of common stock of Century Financial Services Corporation (“Century”), a New Mexico corporation and registered bank holding company, and any additional shares of Century that are subject to the Receivership\nProceeding, estimated at approximately 71% of the outstanding shares of common stock of Century, (collectively, the “Shares”) for a cash purchase price of $68.0 million (the “Purchase Price”).  The Shares are to be sold free and clear of all\nliens, claims, and encumbrances of any kind.  The Company is purchasing the Shares on an “as-is, where-is” basis.  The Company will not assume any liabilities of the Receiver or the Receivership Estate in connection with the purchase.\n\nThe board of directors of the Company unanimously approved the Purchase Agreement.\n\nThe Purchase Agreement is intended to serve as a “stalking horse” bid, subject to approval by the Court.  The sale of the Shares is subject to the receipt of higher\nand better offers pursuant to bidding procedures approved by the Court. The Purchase Agreement acts as the baseline bid against which other offers will be measured.  If one or more qualified bids are timely submitted by other parties in\naccordance with the Court approved bidding procedures, the Receiver would proceed with a Court-supervised auction to determine the successful bidder.  The Purchase Agreement requires the Company to pay a good-faith deposit of $7.25 million, which\nwill be credited to the Purchase Price if the Company is determined to be the successful bidder.\n\nThe sale of the Shares is subject to the receipt of higher and better offers, approval of the sale by the Court by entry of a Sale Order, and the satisfaction of\ncertain other conditions.  The Company’s obligations to close are subject to certain conditions to closing, including, but not limited to, the receipt of all required regulatory approvals, including approval\nfrom the Board of Governors of the Federal Reserve System.\n\nThe Purchase Agreement may be terminated prior to closing in certain circumstances, including: (i) by either party if the closing has not occurred by\nNovember 30, 2026, subject to certain exceptions; or (ii) by either party if an auction has been held and the Company was not selected as the successful bidder.\n\nThe Purchase Agreement provides that a break-up fee of $2.04 million will be payable to the Company by the Receiver upon termination of the Purchase\nAgreement under certain circumstances, including if the Company is not the successful bidder in an auction.\n\nThe foregoing summary of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase\nAgreement, a copy of which is attached hereto as Exhibit 2.1 and incorporated by reference herein.  The Purchase Agreement has been filed to provide investors and security holders with information regarding its terms.  It is not intended to\nprovide any other factual information about the Company, the Receiver, Century, or Century Bank. The representations, warranties, and covenants contained in the Purchase Agreement were made solely for purposes of the Purchase Agreement, as of\nspecific dates, may be subject to important limitations agreed upon by the parties, including limitations on the nature of the representations of the Receiver in its capacity as court-appointed receiver, and may have been made to allocate\ncontractual risk between the parties rather than to establish matters as facts.  Accordingly, the representations, warranties, and covenants in the Purchase Agreement should not be relied upon as characterizations of the actual state of facts or\ncircumstances."}