Acquisition of IF Bancorp by Stavros Papastavrou
October 30, 2025
Stavros Papastavrou, the President of Omonia, has acquired IF Bancorp in the United States for $89.8 million. This deal is recognized as a merger of two historic banks, aiming to strengthen the common interests of communities and customers. Servbank, which is part of ServBanc, is strategically expanding its operations in central Illinois. IF Bancorp boasts over 140 years of history in the banking sector. This acquisition marks Papastavrou's strategic entry into the American banking market.