IF Bancorp, Inc.: M&A transaction — ServBanc completes acquisition of IF Bancorp for $26.40 per share in cash

IF Bancorp, Inc.

Each IF Bancorp common share converted into $26.40 cash; contingent payment up to ~$1.51 per share possible if loan repaid.
IF Bancorp common stock delisted from Nasdaq before open on March 13, 2026; Form 25 filed.
All IF Bancorp directors and executive officers ceased; former CEO Walter H. Hasselbring III appointed to Servbank board.
Merger closed March 12, 2026; Iroquois Federal Savings and Loan merged into Servbank.

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Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IF Bancorp, Inc.: Articles of Incorporation ceased to be in effect upon merger consummation.

Change: charter amendment

Exact text from the filing

Effective upon the consummation of the Merger, the Articles of Incorporation and the Bylaws of IF Bancorp ceased to be in effect.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

IF Bancorp, Inc. underwent a change of control involving ServBanc Holdco, Inc. for $26.40 in cash per share, plus potential contingent payment of approximately $1.51 per share from a $5,004,650 fund (closed 2026-03-12).

Action: change of control
Counterparty: ServBanc Holdco, Inc.
Consideration: $26.40 in cash per share, plus potential contingent payment of approximately $1.51 per share from a $5,004,650 fund
Closing: 2026-03-12

Exact text from the filing

and into ServBanc, with ServBanc as the surviving entity. Under the terms of the Merger Agreement, each share of IF Bancorp common stock was converted into the right to receive $26.40 in cash (the “Merger Consideration”), based on the tangible common equity calculation of the IF Bancorp set forth in the Merger Agreement. At the Effective Time, each restricted

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Source: SEC EDGAR

accession 0000943374-26-000126

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