ServBanc Holdco, Inc. Acquires IF Bancorp, Inc. and Iroquois Federal Savings and Loan Association
March 12, 2026
ServBanc Holdco, Inc. (the holding company for Servbank) completed its acquisition of IF Bancorp, Inc. (NASDAQ: IROQ) and its subsidiary Iroquois Federal Savings and Loan Association. The deal expands Servbank’s Illinois footprint into central Illinois and includes integration of Servbank’s subservicing platform, technology, and personnel. Former IF Bancorp branch offices will continue operating under the Iroquois Federal name until customer and data conversion is completed (anticipated in Q4 2026).
- Buyers
- ServBanc Holdco, Inc., Servbank, National Association
- Targets
- IF Bancorp, Inc., Iroquois Federal Savings and Loan Association, Iroquois Federal Savings and Loan Association (bank subsidiary referenced as “Iroquois Federal”)
- Industry
- Financial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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