ServBanc Holdco And IF Bancorp Secure Regulatory Approvals To Complete Merger of Holding Companies and Subsidiary Banks

ServBanc Holdco, Inc. ("ServBanc Holdco"), the holding company for Servbank, National Association ("Servbank"), and IF Bancorp, Inc. ("IF Bancorp") (NASDAQ:IROQ), the holding company for Iroquois Federal Savings and Loan Association ("Iroquois Federal"), announced today that they have received all requisite regulatory approvals to complete their pending merger and the merger of their subsidiary banks.

ServBanc Holdco and IF Bancorp expect to complete the proposed transaction in the first quarter of 2026, subject to the satisfaction of customary closing conditions, including the receipt of IF Bancorp shareholder approval. IF Bancorp is scheduled to hold a special shareholders' meeting on February 3, 2026, to vote on the transaction.