Servbank Announces Agreement to Merge IF Bancorp, Inc., Expanding Presence and Enhancing Services
Servbank is excited to announce that we have entered into an agreement to acquire IF Bancorp, Inc., the holding company for Iroquois Federal Savings & Loan Association, a well-established community bank headquartered in Watseka, Illinois.
This is an exciting milestone in our growth journey and while we’re expanding our reach and capabilities, the values and commitment you’ve come to expect will remain unchanged. Beyond growth, this merger reflects our shared commitment to exceptional service. Together, we will honor Iroquois Federal’s tradition of building strong relationships while creating new opportunities for customers, employees, and communities.
About Iroquois Federal
Established in 1883, Iroquois Federal has earned a strong reputation for personalized service and deep community roots. The bank operates seven full-service branches across Central Illinois, complemented by a loan production office, insurance brokerage business and wealth management advisory channel, and offers a comprehensive suite of personal and business banking services.
Why This Matters
This strategic combination strengthens Servbank’s position as a growing financial services leader by:
- Expanding our geographic footprint to reach more communities
- Introducing new service offerings for our clients to experience
- Enhancing scale and efficiency to better serve customers nationwide
The transaction is expected to close in Q2 2026, subject to regulatory approvals and customary closing conditions. Upon completion, Iroquois Federal will be fully integrated under the Servbank brand, ensuring a seamless experience for customers and team members.
Together, we remain committed to our mission: making banking simple, personal, and rewarding, while continuing to Serve to a Higher Standard.
About Servbank
Servbank is more than a financial services provider, we’re a partner in helping people and institutions thrive. Our mission, Serve to a Higher Standard, drives everything we do. By blending cutting-edge technology with a human touch, we make banking simpler, smarter, and more personal. Whether it’s empowering homeowners, supporting lenders, or delivering exceptional service, Servbank is committed to creating experiences that matter.
