ServBanc Holdco, Inc. and IF Bancorp, Inc. have entered into an agreement involving a series of mergers. Under the terms of the agreement, IF Bancorp will merge with SBHI Holdings, Inc., a subsidiary of ServBanc, with IF Bancorp as the surviving corporation. This will be followed by IF Bancorp merging into ServBanc, which will then become the surviving entity. Immediately after, Iroquois Federal Savings and Loan Association, a wholly owned subsidiary of IF Bancorp, will be merged with and into Servbank, National Association, a subsidiary of ServBanc, with Servbank as the surviving institution. The definitive proxy statement relating to the transaction was filed with the SEC on December 30, 2025. Following the merger announcement, lawsuits have been filed by purported shareholders of IF Bancorp in the Supreme Court of New York, alleging issues related to the proxy statement and other matters.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IF Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000943374-26-000019), on January 27, 2026, and is solely responsible for the information contained therein.