Iroquois Federal is Now Joining the Servbank Family
Your trusted community bank, with even more support behind you.
Iroquois Federal Savings and Loan Association, a division of Servbank, N.A., has proudly served our communities since 1883 and that commitment is not going anywhere. We are excited to share that Iroquois Federal is now a division of Servbank, strengthening our ability to serve you while preserving the people, values, and community spirit you know so well.
What This Means for You
The same familiar team—now with expanded support
The bankers you have always relied on are staying right here. Servbank’s leadership has emphasized their commitment to honoring Iroquois Federal’s tradition of exceptional service and strong community relationships.
Your accounts, loans, and services remain unchanged
Nothing about your day-to-day banking will change at this time. Your account numbers, online banking access, automatic payments, and loan terms will continue operating as usual through the transition. Any future updates will be communicated clearly, well in advance.
Both Iroquois Federal and Servbank share a mission of putting customers and communities first. Leaders from both organizations have emphasized the alignment of values and the opportunity to bring innovative solutions and enhanced service to the people we serve.
Why the Acquisition Is Happening
Iroquois Federal has always invested in delivering high-quality service and technology. Joining Servbank provides greater scale and additional resources to continue that mission, helping us serve you better today and for years to come. As banking technology advances, this partnership allows us to offer more modern tools without losing our personal touch.
Servbank is expanding into Central Illinois, and Iroquois Federal’s strong local presence and seven full-service branches make this a natural fit.
The combined organization will manage nearly $1.8 billion in assets, strengthening financial stability and service capabilities.
What You Can Expect Moving Forward
A smooth, customer focused integration
Our teams are working closely to ensure the transition is as smooth as possible. You will be notified well in advance of any updates to systems or account information.
Continued commitment to our communities
Iroquois Federal’s roots in Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, Champaign, and surrounding areas remain at the heart of who we are. Servbank is committed to supporting these communities and investing in the relationships built over more than 140 years.
Have Questions? We are Here to Help.
Your peace of mind is our top priority. If you have questions about the acquisition or what it means for your accounts, please visit your local branch or contact us anytime. We will continue to update this page as more information becomes available.
FAQ's- What's to Come Next
What is happening?
Servbank has officially closed its acquisition of Iroquois Federal Savings and Loan Association. Effective March 12, 2026, Iroquois Federal is now a division of Servbank.
Will my account move to a new bank?
If you are an existing Iroquois Federal customer, your accounts will remain with Iroquois Federal and there will be no immediate changes. In the future, you’ll be fully informed of any updates. There will not be any changes without clear advanced communication from us.
Is the bank planning to relocate or make staffing changes?
No. All of our full-service banking locations, hours, and friendly frontline teams will remain as they are today. Please feel free to visit your local full-service branch!
Will my account number and routing number change?
No. They will remain the same.
Is the bank’s name changing?
Not at this time. Starting March 13, 2026, Iroquois Federal will be operating under the name: Iroquois Federal Savings and Loan Association, a division of Servbank, N.A. Later this year, we will become a combined organization operating under the Servbank brand and systems. Customers will be notified well in advance of any upcoming changes.
Is my online banking or mobile app changing?
No. You will continue using your existing online and mobile banking tools. You will be informed in advance when anything changes in the future.
Do I need to update any automatic payments, BillPay settings, or linked accounts?
No. Everything will continue working the same way. When updates are needed in the future, you will receive clear instructions.
Will my statements, tax documents (1098/1099), or other paperwork change?
No. You will continue receiving documents as you always have.
Will I need different checks or deposit slips?
No. Your routing number and account number remain the same, so your existing checks and deposit slips can be used and will continue to work.
Is my money still federally insured by the FDIC?
Yes. Your deposits remain insured by the Federal Deposit Insurance Corporation (FDIC). Coverage is up to $250,000 per depositor, per insured bank, per ownership category. No action is required from you to maintain FDIC insurance coverage. You should be aware that after March 12, 2026, both Iroquois Federal and Servbank will be a combined institution for purposes of FDIC insurance coverage.
Why did Iroquois Federal enter into this agreement?
Joining with Servbank allows us to bring new capabilities, and expanded services in the future — without changing the personalized, community focused banking experience you rely on today.
Do I need to do anything right now?
No. There are no immediate required actions for customers.
How will you communicate with me?
We may reach out to you in a variety of ways to keep you informed, including email, U.S. mail, and phone. Please make sure your contact information with us is up to date to ensure you receive all important notifications.
Who can I contact with questions?
If you have a question or concern, you may follow our current process by contacting your local branch directly, or reaching out to your existing customer relationship team.
Where can I get news and updates about the integration?
As we move forward, you can find the latest details and updates about the transition here on this page. We’ll also reach out to you with any required notifications in advance of any changes. To make sure you receive all important updates, please ensure your contact information with us is up to date.