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IF Bancorp , Inc. (NASDAQ:IROQ), a Maryland-based savings institution with a market capitalization of $78.31 million and an impressive one-year return of 41.25%, has announced the renewal of its employment agreements with key executives. InvestingPro analysis suggests the stock is trading above its Fair Value, with several key metrics available for deeper analysis. On May 28, 2025, the company’s Board of Directors and the Board of Directors of its wholly owned subsidiary, Iroquois Federal Savings and Loan Association (the "Bank"), agreed to extend the employment contracts with Walter H. Hasselbring, III. Hasselbring serves as the Chief Executive Officer and Chairman of the Board of Directors for both the Bank and the company. The renewed agreements are set to take effect on July 7, 2025, and will continue until July 7, 2028, with no significant changes to the terms and conditions.
Additionally, the Board of Directors of the Bank renewed the executive change in control agreements for Pamela J. Verkler, Senior Executive Vice President and Chief Financial Officer, and Thomas J. Chamberlain, President of the Bank and the company. These agreements, which now extend from July 7, 2025, through July 7, 2027, also did not undergo any material changes.
These renewals are part of the company’s strategy to maintain leadership stability. According to InvestingPro data, this strategy has yielded positive results, with the company maintaining dividend payments for 13 consecutive years and remaining profitable over the last twelve months. IF Bancorp, headquartered at 201 East Cherry Street, Watseka, Illinois, operates under the ticker symbol IROQ on the NASDAQ Stock Market, LLC, currently trading at $24.53 with a dividend yield of 1.65%. The company has not indicated any changes to its former name or address since the last report.
This information is based on a press release statement filed by IF Bancorp, Inc. with the Securities and Exchange Commission on May 29, 2025. The company’s fiscal year ends on June 30, and it is identified by the Central Index Key number 0001514743. The company’s securities are federally chartered under the standard industrial classification code 6035. Get access to more detailed financial metrics and additional ProTips by subscribing to InvestingPro.
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