Item 1.01 Entry into a Material Definitive Agreement.

On October 6, 2021, Bank7 Corp. (the "Company"), an Oklahoma corporation and holding company for Bank7, an Oklahoma banking corporation ("Bank7"), entered into a Share Acquisition Agreement with Watonga Bancshares, Inc., an Oklahoma corporation ("WBI"), Cornerstone Bank, an Oklahoma banking corporation ("Cornerstone Bank"), and Randy Barrett solely as representative (the "Share Acquisition Agreement") pursuant to which the Company will acquire all of the issued and outstanding shares of WBI (the "Share Acquisition"). The consideration for the Share Acquisition will be approximately $32 million, subject to certain conditions and adjustments as set forth in the Share Acquisition Agreement.

The closing of the Share Acquisition is subject to customary closing conditions, including the receipt of regulatory approvals and approval of the shareholders of WBI. The closing of the Share Acquisition is expected to occur during the fourth quarter of 2021, although delays could occur.

The Agreement also provides that, immediately following the Share Acquisition, subject to shareholder and regulatory approvals, WBI shall be dissolved in accordance with the Oklahoma General Corporation Act, which will result in Cornerstone Bank being directly owned by the Company. Immediately following the dissolution of WBI, Cornerstone Bank will be merged with and into Bank7 with Bank7 surviving.

The description above is qualified in its entirety by reference to the full text of the Share Acquisition Agreement, which is attached as Exhibit 10.1 to this Current Report Form 8-K and is incorporated herein by reference.




Item 8.01 Other Events.

On October 7, 2021, the Company issued a press release announcing the Share Acquisition Agreement and the transactions contemplated by the Share Acquisition Agreement, which included a link to an investor presentation prepared by the Company illustrating further details of the Share Acquisition. A copy of the press release is attached hereto as Exhibit 99.1 and a copy of the investor presentation is attached hereto as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are filed herewith:



      Item                                Description

      10.1   Share Acquisition Agreement dated as of October 6, 2021 by and among
             Bank7 Corp., Watonga Bancshares, Inc., Cornerstone Bank, and Randy
             Barrett solely in his capacity of representative

      99.1   Press release dated October 7, 2021

      99.2   Investor Presentation

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