{"success":true,"data":{"pressRelease":{"id":"55463","rtpr_id":"nGNX1xtGY7","ticker":"IROQ","exchange":"NASDAQ","all_tickers":["IROQ"],"title":"Bronstein, Gewirtz & Grossman LLC Urges IF Bancorp, Inc. Investors to Act: Class Action Filed Alleging Investor Harm","author":"Globe Newswire","published_at":"2026-06-04T16:00:00.283Z","article_body":"NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman,\nLLC, a nationally recognized investor-rights law firm, announces that a class\naction lawsuit has been filed against ServBanc Holdco, Inc. (“ServBanc\nHoldco”), as successor in interest to IF Bancorp, Inc. (“IF Bancorp” or\nthe “Company”) (NASDAQ: IROQ), the members of IF Bancorp’s board of\ndirectors (the “Board”), and ServBank, National Association (“ServBank,\nN.A.”).\n\nThis lawsuit seeks to recover damages against Defendants for alleged\nviolations of the federal securities laws. The claims arise in connection with\nthe Board’s solicitation of IF Bancorp shareholders to vote in favor of a\nmerger transaction (the “Merger”)—based on false representations of the\nconsideration shareholders would receive—pursuant to which IF Bancorp merge\nwith and into ServBanc Holdco. Such investors are encouraged to join this case\nby visiting the firm’s site: bgandg.com/IROQ.\n(https://www.globenewswire.com/Tracker?data=ElQQzaB0N8CRMJ-E80sCh4DTNtZ3wu4bBjGkk5Y-NGdWNTPtmoSz02LS7dtBILHG_qDXiYsnMAJsMvAOiGjOyYlQIkJNIShJNfbjVh2SN47sKm3c0PTtBo-MyqN_VBYdWw0GwXz22uRmyYyBEOmCFAttnCg1Ktjwy--HpdAR4Oo=)\n\nServBanc Case Details\n\nThe Complaint alleges that, in connection with IF Bancorp’s merger with\nServBanc Holdco, Defendants caused the Company to issue a materially false and\nmisleading proxy statement that, among other things: \n      (1)    overstated the value and likelihood of the\nconsideration to be received by shareholders, including a purported $27.20\nper-share merger price and the possibility of a special dividend tied to\ncertain tangible common equity thresholds; \n      (2)    failed to disclose that, due to a required $13.99\nmillion loan renewal and an associated reserve that would be imposed as a\ncondition of ServBanc Holdco’s approval, there was no meaningful likelihood\nthat IF Bancorp’s tangible common equity would meet the threshold necessary\nto avoid a downward adjustment or to trigger any special dividend; \n      (3)    misled shareholders regarding the true amount and\nlikelihood of the consideration they would receive, when in reality the merger\nconsideration was expected to be reduced to approximately $26.40 per share and\nany additional contingent payment was uncertain and dependent on future loan\nrepayment; and \n      (4)    as a result, Defendants’ statements were materially\nfalse and misleading at all relevant times, depriving shareholders of the\nability to cast a fully informed vote, inducing them to approve the Merger and\nforgo appraisal rights, and causing them to receive less than the fair value\nof their shares.\n\nWhat's Next for ServBanc Investors?\n\nA class action lawsuit has already been filed. If you wish to review a copy of\nthe Complaint, you can visit the firm’s site: bgandg.com/IROQ.\n(https://www.globenewswire.com/Tracker?data=ElQQzaB0N8CRMJ-E80sCh6UrDu7SVC60pjod5llUir88hgkZnLhWRFvKp9DWKqFT9LAlUzZQRnI6lgyfV_z5MP2LD4Yt8c02eCANrlkOmrEp-t3Y2Qru6IM8WD7mveLF8dwtq9Cy73ShX1pVRcewRPvuhtYR0KIzOG7g8qrKS6Q=)\nor you may contact Peretz Bronstein, Esq. or his Client Relations Manager,\nNathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you\nheld shares as of February 3, 2026, you have until June 29, 2026, to request\nthat the Court appoint you as lead plaintiff. Your ability to share in any\nrecovery doesn't require that you serve as lead plaintiff.\n\nNo Cost to ServBanc Investors\n\nWe, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on\na contingency fee basis. That means we will ask the court to reimburse us for\nout-of-pocket expenses and attorneys’ fees, usually a percentage of the\ntotal recovery, only if we are successful.\n\nWhy Bronstein, Gewirtz & Grossman, LLC for ServBanc Securities Class Action?\n\nBronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that\nrepresents investors in securities fraud class actions and shareholder\nderivative suits. Our firm has recovered hundreds of millions of dollars for\ninvestors nationwide. More at www.bgandg.com\n\n\"Our practice centers on restoring investor capital and ensuring corporate\naccountability, which serves to uphold the essential integrity of the\nmarketplace,\" said Peretz Bronstein\n(https://www.globenewswire.com/Tracker?data=F2mWU_f9x2iRoz1BxM74jTIxLOFk6hb47CzHKOfrPZ9cT-j9jIO_FHUDZ_yCHG6FKJ2WYG5Qt0_jYSKkptijUFjnFba_RZEsVaW_oE36aHLiCjG4zdDyIzwL0tuMSvRclfXBOSu5IwECiHlBXkHGoA==),\nFounding Partner of Bronstein, Gewirtz & Grossman, LLC.\n\nFollow us for updates on LinkedIn\n(https://www.globenewswire.com/Tracker?data=Tjo_9i4ZuTHE9VJFHg_jwjEWCXAxrkS-jPqdGV_LYU22qqmZOKpkeQ_fe7bW8ReWEO7Pb1dcNPMjf6XJwos5wSwwN7Qhaa3jUXiV5mlCvDpID8y2DqctQ3g5lFBV2YHkhQ1XN-ZlZhpMXNgOQHO79A==),\nX\n(https://www.globenewswire.com/Tracker?data=sAXr1kNzuyKcF5xqHpJyTyLuWItCFAsdD_e4zWtdoJhJJZNtnftvnnod0eclV3WpJDw9b7Kyv29UIGGKMn7IRg==),\nFacebook\n(https://www.globenewswire.com/Tracker?data=nvWfKAG8PrmCrufcc3tr4iQRnLlr0ae8lmppgpwHB2e6zFVRL5ec18Z_Ra3rwiZQg2gbbHK_8zUyCDo4Fgz6HPpvkK-OrB1MG6_6yhTHuXI=),\nor Instagram\n(https://www.globenewswire.com/Tracker?data=xUlBszixeAF6Y0B2sJh-zuE6vh8kHzFOsbE9MefeiYCpNp2tXCLTW3cziQL1wkMoHxICkMiqYF-DtrtB2CU07mKFeBz8GNKNPd9Z06MSyJE=).\n\nContact Info\n\nPeretz Bronstein, Esq. or Nathan Miller\nBronstein, Gewirtz & Grossman, LLC\n917-590-0911 | info@bgandg.com\n\nAttorney advertising.\nPrior results do not guarantee similar outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1a031130-a9cc-48ff-b281-d1e47c9a91a5)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX1xtGY7","title":"Bronstein, Gewirtz & Grossman LLC Urges IF Bancorp, Inc. Investors to Act: Class Action Filed Alleging Investor Harm","author":"Globe Newswire","ticker":"IROQ","created":"2026-06-04T16:00:00.283Z","tickers":["IROQ"],"exchange":"NASDAQ","article_body":"NEW YORK, June 04, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman,\nLLC, a nationally recognized investor-rights law firm, announces that a class\naction lawsuit has been filed against ServBanc Holdco, Inc. (“ServBanc\nHoldco”), as successor in interest to IF Bancorp, Inc. (“IF Bancorp” or\nthe “Company”) (NASDAQ: IROQ), the members of IF Bancorp’s board of\ndirectors (the “Board”), and ServBank, National Association (“ServBank,\nN.A.”).\n\nThis lawsuit seeks to recover damages against Defendants for alleged\nviolations of the federal securities laws. The claims arise in connection with\nthe Board’s solicitation of IF Bancorp shareholders to vote in favor of a\nmerger transaction (the “Merger”)—based on false representations of the\nconsideration shareholders would receive—pursuant to which IF Bancorp merge\nwith and into ServBanc Holdco. Such investors are encouraged to join this case\nby visiting the firm’s site: bgandg.com/IROQ.\n(https://www.globenewswire.com/Tracker?data=ElQQzaB0N8CRMJ-E80sCh4DTNtZ3wu4bBjGkk5Y-NGdWNTPtmoSz02LS7dtBILHG_qDXiYsnMAJsMvAOiGjOyYlQIkJNIShJNfbjVh2SN47sKm3c0PTtBo-MyqN_VBYdWw0GwXz22uRmyYyBEOmCFAttnCg1Ktjwy--HpdAR4Oo=)\n\nServBanc Case Details\n\nThe Complaint alleges that, in connection with IF Bancorp’s merger with\nServBanc Holdco, Defendants caused the Company to issue a materially false and\nmisleading proxy statement that, among other things: \n      (1)    overstated the value and likelihood of the\nconsideration to be received by shareholders, including a purported $27.20\nper-share merger price and the possibility of a special dividend tied to\ncertain tangible common equity thresholds; \n      (2)    failed to disclose that, due to a required $13.99\nmillion loan renewal and an associated reserve that would be imposed as a\ncondition of ServBanc Holdco’s approval, there was no meaningful likelihood\nthat IF Bancorp’s tangible common equity would meet the threshold necessary\nto avoid a downward adjustment or to trigger any special dividend; \n      (3)    misled shareholders regarding the true amount and\nlikelihood of the consideration they would receive, when in reality the merger\nconsideration was expected to be reduced to approximately $26.40 per share and\nany additional contingent payment was uncertain and dependent on future loan\nrepayment; and \n      (4)    as a result, Defendants’ statements were materially\nfalse and misleading at all relevant times, depriving shareholders of the\nability to cast a fully informed vote, inducing them to approve the Merger and\nforgo appraisal rights, and causing them to receive less than the fair value\nof their shares.\n\nWhat's Next for ServBanc Investors?\n\nA class action lawsuit has already been filed. If you wish to review a copy of\nthe Complaint, you can visit the firm’s site: bgandg.com/IROQ.\n(https://www.globenewswire.com/Tracker?data=ElQQzaB0N8CRMJ-E80sCh6UrDu7SVC60pjod5llUir88hgkZnLhWRFvKp9DWKqFT9LAlUzZQRnI6lgyfV_z5MP2LD4Yt8c02eCANrlkOmrEp-t3Y2Qru6IM8WD7mveLF8dwtq9Cy73ShX1pVRcewRPvuhtYR0KIzOG7g8qrKS6Q=)\nor you may contact Peretz Bronstein, Esq. or his Client Relations Manager,\nNathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you\nheld shares as of February 3, 2026, you have until June 29, 2026, to request\nthat the Court appoint you as lead plaintiff. Your ability to share in any\nrecovery doesn't require that you serve as lead plaintiff.\n\nNo Cost to ServBanc Investors\n\nWe, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on\na contingency fee basis. That means we will ask the court to reimburse us for\nout-of-pocket expenses and attorneys’ fees, usually a percentage of the\ntotal recovery, only if we are successful.\n\nWhy Bronstein, Gewirtz & Grossman, LLC for ServBanc Securities Class Action?\n\nBronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that\nrepresents investors in securities fraud class actions and shareholder\nderivative suits. Our firm has recovered hundreds of millions of dollars for\ninvestors nationwide. More at www.bgandg.com\n\n\"Our practice centers on restoring investor capital and ensuring corporate\naccountability, which serves to uphold the essential integrity of the\nmarketplace,\" said Peretz Bronstein\n(https://www.globenewswire.com/Tracker?data=F2mWU_f9x2iRoz1BxM74jTIxLOFk6hb47CzHKOfrPZ9cT-j9jIO_FHUDZ_yCHG6FKJ2WYG5Qt0_jYSKkptijUFjnFba_RZEsVaW_oE36aHLiCjG4zdDyIzwL0tuMSvRclfXBOSu5IwECiHlBXkHGoA==),\nFounding Partner of Bronstein, Gewirtz & Grossman, LLC.\n\nFollow us for updates on LinkedIn\n(https://www.globenewswire.com/Tracker?data=Tjo_9i4ZuTHE9VJFHg_jwjEWCXAxrkS-jPqdGV_LYU22qqmZOKpkeQ_fe7bW8ReWEO7Pb1dcNPMjf6XJwos5wSwwN7Qhaa3jUXiV5mlCvDpID8y2DqctQ3g5lFBV2YHkhQ1XN-ZlZhpMXNgOQHO79A==),\nX\n(https://www.globenewswire.com/Tracker?data=sAXr1kNzuyKcF5xqHpJyTyLuWItCFAsdD_e4zWtdoJhJJZNtnftvnnod0eclV3WpJDw9b7Kyv29UIGGKMn7IRg==),\nFacebook\n(https://www.globenewswire.com/Tracker?data=nvWfKAG8PrmCrufcc3tr4iQRnLlr0ae8lmppgpwHB2e6zFVRL5ec18Z_Ra3rwiZQg2gbbHK_8zUyCDo4Fgz6HPpvkK-OrB1MG6_6yhTHuXI=),\nor Instagram\n(https://www.globenewswire.com/Tracker?data=xUlBszixeAF6Y0B2sJh-zuE6vh8kHzFOsbE9MefeiYCpNp2tXCLTW3cziQL1wkMoHxICkMiqYF-DtrtB2CU07mKFeBz8GNKNPd9Z06MSyJE=).\n\nContact Info\n\nPeretz Bronstein, Esq. or Nathan Miller\nBronstein, Gewirtz & Grossman, LLC\n917-590-0911 | info@bgandg.com\n\nAttorney advertising.\nPrior results do not guarantee similar outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1a031130-a9cc-48ff-b281-d1e47c9a91a5)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-04T16:00:00.32425507Z","server_sent_at_ms":1780588800324},"received_at":"2026-06-04T16:00:00.507Z","source_url":null},"analysis":{"id":"44896","press_release_id":"55463","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"legal_litigation","narrative":"Bronstein, Gewirtz & Grossman LLC issued a solicitation to investors of IF Bancorp (IROQ) regarding a class action lawsuit alleging false representations in a merger proxy.\n\nThe complaint claims the board overstated the merger consideration at $27.20 per share and failed to disclose a required $13.99 million loan renewal that would reduce the payout to approximately $26.40.\n\nThis release is a law-firm solicitation seeking lead plaintiffs; it is not an issuer disclosure.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace,\" said Peretz Bronstein","namedEntities":{"people":[{"name":"Peretz Bronstein","role":"Founding Partner"},{"name":"Nathan Miller","role":"Client Relations Manager"}],"products":[],"companies":[{"name":"Bronstein, Gewirtz & Grossman, LLC","relationship":"plaintiff law firm"},{"name":"IF Bancorp, Inc.","ticker":"IROQ","relationship":"defendant"},{"name":"ServBanc Holdco, Inc.","relationship":"defendant"},{"name":"ServBank, National Association","relationship":"defendant"}],"dollarAmounts":[{"amount":"$27.20","context":"alleged per-share merger price in proxy statement"},{"amount":"$13.99 million","context":"required loan renewal amount"},{"amount":"$26.40","context":"alleged actual merger consideration per share"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Bronstein, Gewirtz & Grossman LLC. 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