ServBanc Holdco, Inc. Completes Acquisition of IF Bancorp, Inc.

Core Viewpoint - ServBanc Holdco, Inc. has successfully completed the acquisition of IF Bancorp, Inc. and its subsidiary, Iroquois Federal Savings and Loan Association, marking a strategic expansion in the Illinois market [1] Company Overview - ServBanc is the parent company of Servbank, a national banking association focused on relationship-based banking solutions, modern technology, and strong regulatory governance [1] - As of December 31, 2025, ServBanc reported total assets of $995 million, deposits of $600 million, and total equity capital of $210 million [1] Acquisition Details - The acquisition aims to enhance Servbank's financial footprint and is expected to integrate Iroquois Federal's established subservicing platform, including technology and personnel [1] - Former Iroquois Federal branch offices will continue to operate under the name "Iroquois Federal Savings and Loan Association, a division of Servbank, N.A." until the customer and data conversion is completed, anticipated in the fourth quarter of 2026 [1] Leadership and Strategic Direction - Stavros Papastavrou, Chairman of the Board, emphasizes the importance of community and customer relationships in the acquisition [1] - Donald Satiroff, CEO of Servbank, highlights the commitment to serving communities and providing high-quality service through the integration of Iroquois Federal [1] Advisory and Legal Support - Performance Trust Capital Partners, LLC acted as financial advisor, while Hunton Andrews Kurth LLP served as legal counsel for ServBanc [1] - Keefe Bruyette & Woods, Inc. acted as financial advisor, and Luse Gorman, PC served as legal counsel for IF Bancorp [1]