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IF Bancorp, Inc. Announces Stock Repurchase Program

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WATSEKA, Ill.–(BUSINESS WIRE)–IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the “Company”), the holding
company for Iroquois Federal Savings and Loan Association (the
“Association”), today announced that its Board of Directors has adopted
a new stock repurchase program pursuant to which the Company may
repurchase up to 89,526 shares of its common stock, or approximately
2.5% of the Company’s outstanding shares.

Since announcing its first repurchase program in September 2012, the
Company has repurchased 1,333,803 shares of its common stock at an
average price of $17.44 per share.

Walter H. Hasselbring, III, President and Chief Executive Officer of the
Company, stated, “The continued repurchase of our common stock is part
of our long-term commitment to enhancing shareholder value. We may
continue to repurchase our common stock when we determine that it is an
attractive use of capital.”

The Association, originally chartered in 1883 and headquartered in
Watseka, Illinois, conducts its operations from seven full-service
banking offices located in Watseka, Danville, Clifton, Hoopeston, Savoy,
Champaign and Bourbonnais, Illinois and a loan production and wealth
management office in Osage Beach, Missouri. The principal activity of
the Association’s wholly-owned subsidiary, L.C.I. Service Corporation,
is the sale of property and casualty insurance.

This press release may contain statements relating to the future results
of the Company (including certain projections and business trends) that
are considered “forward-looking statements” as defined in the Private
Securities Litigation Reform Act of 1995 (the “PSLRA”). Such
forward-looking statements may be identified by the use of such words as
“believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,”
“intend” and “potential.” For these statements, the Company claims the
protection of the safe harbor for forward-looking statements contained
in the PSLRA.

The Company cautions you that a number of important factors could cause
actual results to differ materially from those currently anticipated in
any forward-looking statement. Such factors include, but are not limited
to: prevailing economic and geopolitical conditions; changes in interest
rates, loan demand, real estate values and competition; changes in
accounting principles, policies, and guidelines; changes in any
applicable law, rule, regulation or practice with respect to tax or
legal issues; and other economic, competitive, governmental, regulatory
and technological factors affecting the Company’s operations, pricing,
products and services and other factors that may be described in the
Company’s annual report on Form 10-K and quarterly reports on Form 10-Q
as filed with the Securities and Exchange Commission. The
forward-looking statements are made as of the date of this release, and,
except as may be required by applicable law or regulation, the Company
assumes no obligation to update the forward-looking statements or to
update the reasons why actual results could differ from those projected
in the forward-looking statements.

Contacts

Walter H. Hasselbring, III
Telephone: (815) 432-2476

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