Tranche Update on IF Bancorp, Inc.'s Equity Buyback Plan announced on June 12, 2019.
January 31, 2020 at 04:15 pm EST
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From October 1, 2019 to December 31, 2019, the company has repurchased 10,900 shares, representing 0.33% for $0.23 million. With this, the company has completed the repurchase of 317,881 shares, representing 9.5% for $7.07 million under the buyback announced on June 12, 2019.
IF Bancorp, Inc. operates as a holding company for Iroquois Federal Savings and Loan Association (Iroquois Federal). The Company is primarily engaged in the business of directing, planning, and coordinating the business activities of Iroquois Federal. Iroquois Federal operates as a federally chartered savings association. Its business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in a range of loans. The Company offers a range of deposit accounts, including savings accounts, certificates of deposit, money market accounts, and commercial and personal checking accounts, among others. It also offers alternative delivery channels, including automated teller machines (ATMs), online banking and bill pay, and mobile banking with mobile deposit and bill pay. It conducts its operations in seven full-service banking offices, and a loan production and wealth management office in Missouri.
IF BANCORP, INC. 
