Bank7 Corp. Launches Initial Public Offering of Common Stock

OKLAHOMA CITY, Okla., Sept. 10, 2018 (GLOBE NEWSWIRE) — Bank7 Corp., the bank holding company for Bank7, today announced the launch of its initial public offering of common stock. Bank7 Corp. intends to offer 2,825,000 shares of its common stock and certain selling shareholders intend to offer 500,000 shares of Bank7 Corp. common stock. The initial public offering price is currently expected to be between $18.00 and $21.00 per share. The selling shareholders would grant the underwriters a 30-day option to purchase up to an additional 498,750 shares of its common stock. In connection with the initial public offering, Bank7 Corp. has applied to list its common stock on the Nasdaq Global Select Market under the trading symbol “BSVN.”

Bank7 Corp. intends to use the net proceeds from the proposed offering to fund a cash distribution to its existing shareholders and for general corporate purposes. Bank7 Corp. will not receive any proceeds from the sale of shares of common stock by the selling shareholders in the offering.

Keefe, Bruyette & Woods, A Stifel Company and Stephens Inc. are acting as joint book-running managers and Sandler O’Neill + Partners, L.P. is acting as co-manager.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from Keefe, Bruyette & Woods, Inc., Attention: Equity Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019, or by calling 1-800-966-1559, or from Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attention: Syndicate, or by calling 1-800-643-9691.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy these securities be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Bank7 Corp.

Bank7 Corp. is the bank holding company for Bank7, an Oklahoma chartered bank headquartered in Oklahoma City, Oklahoma, which operates seven full-service branches in Oklahoma, the Dallas/Fort Worth metropolitan area, and Kansas.  Bank7 focuses on serving business owners and entrepreneurs by delivering fast, consistent and well-designed banking solutions.  As of June 30, 2018, Bank7 Corp. had total assets of $727.6 million, total loans of $589.3 million, total deposits of $641.8 million and total shareholders’ equity of $77.6 million.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward-looking statements. These forward-looking statements reflect Bank7 Corp.’s current views with respect to, among other things, the commencement and completion of the initial public offering of its common stock. Any statements about Bank7 Corp.’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Bank7 Corp. cautions that the forward-looking statements in this press release are based largely on Bank7 Corp.’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond Bank7 Corp.’s control. Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and Bank7 Corp. does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, new information, the occurrence of unanticipated events, or otherwise, except as required by law.

Thomas L. Travis, President and CEO
ttravis@bank7.com
405-810-7292

 

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Northwest Oklahoma Fire Department Donation

Various Northwest Oklahoma fire departments accepted a $29,000 donation from Bank7 Woodward after fires devastated the area this spring.  Bank7 representatives pictured are (from left to right) Misty Thompson, Connie Rolen, Teri Allen, Tina Stocking, Doug Haines, and Frank Meyer.  (Photo credit – Johnny McMahan, Woodward News)


Bank7 ranked #13 of Top 100 Performing Community Banks in U.S. for 2017

Bank7 was recently ranked #13 of Top Performing Community Banks in the U.S. by S&P Global Market Intelligence.  4,383 other banks with assets under $1 billion were ranked using six metrics (see linked article for more analysis) and Bank7 was once again ranked in top 100 for the seventh year straight, four of those years landing in the top 5.

Read Full Article Here


Woodward Bank Staff Educate High Plains Students

Bank7 Woodward employees participated in the Technical Application Program (TAP) at High Plains Technology Center on March 7th, 2018.  Approximately 90-100 students attended the 2 hour classes focused on the basics of banking, drawing interest, applying for loans, as well as new online and mobile technologies.

The TAP program is new this year and aims to help students learn hands-on skills through project based learning, possibly inspiring an interest in different industries.  The instructors surround each of their learning concepts around a project that is applicable to real life applications.


Walk for Wishes

Bank7 employees from Oklahoma City recently participated in the Walk for Wishes event raising money for Oklahoma’s Make-A-Wish® Foundation.  The program grants wishes for children with terminal diseases.  The walk raised almost $70,000!


Bank7 opens new branch in Irving, TX

Expanding on its already proven success, Bank7 has opened a new full service branch in Irving, TX.  With so much opportunity in the DFW area, the company is excited to add a location to better serve the rapidly growing customer base originating from the Loan Production Office in North Dallas.

The branch is located at 6460 N. MacArthur Blvd. in Irving.  Call 469-351-8700 for more information.

Bank7 is an Oklahoma based full service community bank headquartered in Oklahoma City.  Bank7 has 8 locations in Oklahoma, Kansas, and Texas.

Full story to come.


Bank7 Employee Donates Kidney to Best Friend

Several years ago in the ultimate act of kindness, Lanai (Williams) Berg donated her kidney to her best friend.

Read the amazing and brave story here from lifeshareoklahoma.org.

 

 


Bank7 Volunteers at The Regional Food Bank of Oklahoma

Bank7 staff members donated their time Saturday, Apr. 1st at The Regional Food Bank of Oklahoma.  The Regional Food Bank of Oklahoma is a member of the Feeding America network of Food Banks, it is the largest private domestic hunger-relief charity in the state – providing enough food to feed more than 126,000 hungry Oklahomans every week, 37 percent of which are children.