Market Overview

IF Bancorp, Inc. Announces Cash Dividend

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IF Bancorp, Inc. (NASDAQ Capital: IROQ) (the "Company"), the holding
company for Iroquois Federal Savings and Loan Association, today
announced that its Board of Directors declared a cash dividend of $0.125
per common share. This reflects a 25% increase over their last dividend
paid in April, 2018. The dividend will be paid on October 19, 2018, to
stockholders of record as of the close of business on September 24, 2018.

"We are pleased to continue paying a cash dividend to our shareholders,"
said Walter H. Hasselbring, III, President and Chief Executive Officer
of the Company. "The payment of dividends represents our long-term
commitment to enhancing shareholder value and we intend to continue
paying a semiannual dividend in the future, assuming that our financial
position and other conditions continue to allow such payment."

Iroquois Federal Savings and Loan Association is a community-oriented
financial institution that conducts its operations from its seven
full-service banking offices located in the municipalities of Watseka,
Danville, Clifton, Hoopeston, Savoy, Bourbonnais and Champaign, Illinois
and its loan production and wealth management office in Osage Beach,
Missouri. Iroquois Federal Savings and Loan Association offers a broad
array of retail and commercial lending and deposit services.

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