Tranche Update on IF Bancorp, Inc.'s Equity Buyback Plan announced on February 8, 2016.
January 31, 2019 at 02:46 am IST
Share
From October 1, 2018 to December 31, 2018, the company has repurchased 255,000 shares, representing 7.03% for $5.43 million. With this, the company has completed the repurchase of 397,653 shares, representing 10.9% for $8.19 million under the buyback announced on February 8, 2016.
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. 
