IF Bancorp, Inc. and Iroquois Federal Savings & Loan Association Announce Retirement of Frank J. Simutis from the Boards of Directors
August 14, 2019 at 04:37 pm EDT
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On August 12, 2019, Frank J. Simutis notified IF Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Iroquois Federal Savings and Loan Association (the “Bank”), of his decision to retire from the Boards of Directors of the Company and the Bank effective when his term expires at the annual meeting of stockholders on November 25, 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.