—Iroquois Federal recently announced that the Board of Directors of Iroquois Federal unanimously elected Walter “Chip” Hasselbring, III Chairman of the Board. Mr. Hasselbring succeeds Gary Martin, who reached the age limit established by the Board of Directors in the company bylaws, and retired from his position as Chairman of the Board on November 25, 2024, immediately prior to the Company’s Annual Meeting of Stockholders. Gary Martin joined the Board in 1985 and was elected Chairman on 1/19/2000. “On behalf of the Board, I would like to thank Gary for his many contributions and dedication to the Company and Association as Chairman. The Company and the Association have benefited tremendously from his expertise, leadership and integrity,” said Mr. Hasselbring. “I look forward to continuing to work with our highly skilled and dedicated board and management to execute on our strategic priorities.” In accordance with the Company’s Corporate Governance Guidelines and to provide effective oversight and independence of the Board, the Board appointed Joseph A. Cowan as Lead Independent Director. Mr. Cowan has served as an independent director of the Company and the Association since 2000. In conjunction with these changes, Mr. Hasselbring resigned from his position as President of Iroquois Federal, and the Board of Directors appointed Thomas J. Chamberlain as President of Iroquois Federal. Mr. Chamberlain was formerly Senior Executive Vice President- Chief Lending Officer. Mr. Hasselbring will continue to serve as Chief Executive Officer, overseeing the strategic initiatives of the company, while Mr. Chamberlain will oversee the day-to-day operations and will report to the CEO. Mr. Chamberlain joined the Iroquois Federal team in 2004 to manage the Danville office and oversee growth in commercial lending. He was promoted to Chief Lending Officer in 2010 and managed the lending activities of Iroquois Federal. Following Mr. Chamberlain’s promotion to President, TJ Morris was named Executive Vice President – Chief Lending Officer & Danville Community President. TJ joined Iroquois Federal in 2010 as Vice President- Danville Manager. He later was promoted to Executive Vice PresidentDanville Community President in 2014. Mr. Hasselbring stated, “I want to congratulate Joe, Tom, and TJ on their respective new roles as Lead Independent Director, President, and Chief Lending Officer. Their experience on the Board and with various senior management positions at the Association, respectively, and their knowledge of the communities we serve, make them ideal to serve in these roles.” Iroquois Federal was established in 1883, has more than $893 million in assets and is headquartered in Watseka, Illinois. Iroquois Federal operates 7 full-service offices located in Watseka, Danville, Clifton, Hoopeston, Savoy, Bourbonnais, and Champaign, and a loan production office in Osage Beach, Missouri. In addition to banking services, Iroquois Federal offers a full line of insurance products through IF Insurance and wealth management services through Iroquois Financial.