IF Bancorp, Inc.: insider trades · United States · SEC (Form 4)

About IF Bancorp, Inc.

IF Bancorp, Inc. (ticker IROQ) is a US banking holding company that was listed on the NASDAQ in the United States. Its core role has been to own and oversee Iroquois Federal Savings and Loan Association, a federally chartered savings association focused on relationship banking and real-estate-oriented lending. IF Bancorp was formed in March 2011 to serve as the holding company for Iroquois Federal, while the bank’s roots go back to 1883 according to the history published by the institution. The company’s executive offices are located in Watseka, Illinois, at 201 East Cherry Street. From a business-model perspective, IF Bancorp has operated as a traditional community financial institution: it gathers deposits and deploys those funds into loans. Its principal lending categories include one- to four-family residential mortgages, commercial real estate and multifamily real estate loans, home equity lines of credit, construction and land development loans, commercial business loans, and a smaller amount of consumer lending. The bank also makes agricultural loans in its core market area, underscoring the local and diversified nature of its borrower base. Competitively, IF Bancorp has been a niche regional player rather than a scale-driven national competitor. Its edge has come from deep local market knowledge, long-standing customer relationships, and a relatively broad community-banking offering that spans mortgages, small-business lending, and insurance agency services. Like most small savings institutions, its earnings profile is highly dependent on net interest margin, deposit pricing, and credit quality, making it sensitive to interest-rate cycles and housing/commercial real-estate conditions. Geographically, the company has been centered in Illinois, with branch and lending activities concentrated in its local market footprint. It also maintains a loan production office in Osage Beach, Missouri, serving selected Missouri counties. In addition, its subsidiary L.C.I. Service Corporation, doing business as IF Insurance Agency, provides property and casualty insurance, giving the group a modest non-interest-income stream and a broader financial-services proposition. The key recent development is strategic rather than operational. In October 2025, IF Bancorp announced a merger agreement with ServBanc Holdco, Inc., and a subsequent SEC filing states that the transaction closed on March 12, 2026. Under the merger terms, IF Bancorp shareholders received $26.40 in cash per share. For investors, that transaction is the most important recent catalyst and effectively marks the end of IROQ as a standalone publicly traded community bank franchise. Overall, IF Bancorp represented a small but established US regional savings institution with a long operating history, a local deposit base, and a classic community-bank business mix.