IF Bancorp, Inc. (IROQ)

US — Financial Services Sector
Peers: BOTJ  FUSB  FNWB  FDSB  AUBN  UBCP  WSBK  PBHC  FGBI  PROV 

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News

ServBanc Holdco, Inc. and IF Bancorp, Inc. Announce Agreement to Merge
IROQ
Published: October 30, 2025 by: Business Wire
Sentiment: Neutral

OSWEGO, Ill. & WATSEKA, Ill.--(BUSINESS WIRE)--ServBanc Holdco, Inc. (“ServBanc Holdco”), the holding company for Servbank, National Association (“Servbank”) and IF Bancorp, Inc. (NASDAQ: IROQ) (“IF Bancorp”), the holding company for Iroquois Federal Savings and Loan Association (“Iroquois Federal”), today jointly announced that they have entered into a definitive agreement whereby ServBanc Holdco and Servbank will acquire IF Bancorp and Iroquois Federal, respectively. Servbank is a banking ins.

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image for news ServBanc Holdco, Inc. and IF Bancorp, Inc. Announce Agreement to Merge

About IF Bancorp, Inc. (IROQ)

  • IPO Date 2011-07-08
  • Website https://iroquoisfed.com
  • Industry Banks - Regional
  • CEO Thomas J. Chamberlain
  • Employees 109
IF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients. The company offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, individual retirement accounts, and health savings accounts. It also provides loans comprising one- to four-family residential mortgage loans; multi-family mortgage loans; commercial real estate loans, such as farm loans; home equity lines of credit; commercial business loans; and consumer loans primarily consisting of automobile loans, as well as construction loans and land development loans. In addition, the company sells property and casualty insurance, as well as offers annuities; mutual funds; individual and group retirement plans; life, disability, and health insurance; individual securities; managed accounts; and other financial services. Further, it invests in securities; and provides ATM, online banking and bill pay, mobile banking, ACH origination, remote deposit capture, and telephone banking services. As of August 31, 2021, it operated a network of seven full-service banking offices located in Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, and Champaign, Illinois; and a loan production and wealth management office in Osage Beach, Missouri. IF Bancorp, Inc. was founded in 1883 and is headquartered in Watseka, Illinois.