On March 12, 2026, IF Bancorp, Inc., the holding company for Iroquois Federal Savings and Loan Association, and ServBanc Holdco, Inc., the holding company for Servbank, National Association, completed their previously announced merger. IF Bancorp merged into ServBanc in an all-cash transaction valued at approximately $87.2 million.

Luse Gorman served as legal counsel to IF Bancorp in the transaction. The Luse Gorman team consisted of Lawrence M.F. Spaccasi, Zac Davis, Tom Hutton, Anahita Mohtasham-Gharagozloo and Trevor Kline.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.