- **ServBanc Holdco, Inc.** and **IF Bancorp, Inc.** have entered into a definitive agreement for ServBanc Holdco and its subsidiary Servbank to acquire IF Bancorp and its subsidiary Iroquois Federal.  **[1514743_0001193125-25-257673_d58995dex991.htm:0]** **[1514743_0001193125-25-257673_d58995dex991.htm:1]** 
- IF Bancorp shareholders will receive approximately **$27.20 per share** in cash, totaling **$89.8 million**, subject to certain adjustments based on the company's Tangible Common Equity at closing.  **[1514743_0001193125-25-257673_d58995dex991.htm:1]** **[1514743_0001193125-25-257673_d58995d8k.htm:1]** 
- The transaction is subject to regulatory approval, IF Bancorp shareholder approval, and other conditions, with an expected closing in the **first quarter of 2026**.  **[1514743_0001193125-25-257673_d58995dex991.htm:1]** 
- All outstanding and unvested restricted stock awards of IF Bancorp will automatically vest in full and be entitled to receive the merger consideration.  **[1514743_0001193125-25-257673_d58995d8k.htm:1]** **[1514743_0001193125-25-257673_d58995dex21.htm:12]** 
- IF Bancorp has indefinitely postponed its 2025 annual shareholder meeting, anticipating it will not be convened if the merger is completed.  **[1514743_0001193125-25-257673_d58995dex991.htm:1]** **[1514743_0001193125-25-257673_d58995d8k.htm:4]**

IF Bancorp (IROQ)