QCR Holdings

QCR Holdings, Inc.
Company typePublic
Nasdaq: QCRH
Russell 2000 Component
IndustryFinance
HeadquartersMoline, Illinois, U.S.
Key people
Patrick S. Baird (chairman)
Larry J. Helling (CEO)
ProductsBanks
RevenueUS$312 million (2020)[1]
US$23.63 million (2008)[2]
US$6.71 million (2008)[2]
Number of employees
343

QCR Holdings, Inc., through its subsidiaries, provides commercial and consumer banking, and trust and asset management services for the Quad City and Cedar Rapids communities. QCR Holdings, Inc. was founded in 1993 and is headquartered in Moline, Illinois.[3]

About

QCR Holdings, Inc. is a multi-bank holding company headquartered in Moline, Illinois that serves the Quad Cities and Cedar Rapids communities through its wholly owned subsidiary banks. The company also engages in commercial leasing through a subsidiary company in Milwaukee, Wisconsin.:[4]

Subsidiary Banks

The subsidiary banks of QCR Holdings include:[4]

  • Quad City Bank and Trust - Based in Bettendorf, Iowa - Commenced operations in 1994
  • Cedar Rapids Bank and Trust - Based in Cedar Rapids, Iowa - Commenced operations in 2001

QCR Holdings signed an agreement to sell its Milwaukee subsidiary, First Wisconsin Bank & Trust, to National Bancshares, Inc. near the end of 2008. First Wisconsin commenced operations in 2006.[5]

QCR Holdings announced an agreement to sell its Rockford subsidiary, Rockford Bank and Trust, to Heartland Financial USA, Inc. subsidiary Illinois Bank & Trust on August 13, 2019.[6] The sale closed on November 30, 2019[7] and the bank's systems conversion occurred on February 7, 2020.[8]

In 2022, QCR Holdings acquired Guaranty Federal Bancshares.[9]

References

  1. ^ "Form 10-K". sec.gov. Retrieved 24 August 2023.
  2. ^ a b "QCR Holdings, Inc. (QCRH) Income Statement - Yahoo Finance". finance.yahoo.com. Retrieved 24 August 2023.
  3. ^ Yahoo Finance Company Profile, Accessed January 26, 2010
  4. ^ a b SNL Financial Corporate Profile, Accessed January 26, 2010
  5. ^ QCR Holdings, Inc. Announces Sale of First Wisconsin Bank & Trust, GlobeNewswire, October 13, 2008
  6. ^ "Press Release - QCR Holdings, Inc". www.snl.com. Retrieved 2020-02-13.
  7. ^ "Press Release - QCR Holdings, Inc". www.snl.com. Retrieved 2020-02-13.
  8. ^ "Merger | Illinois Bank & Trust". www.illinoisbank.com. Retrieved 2020-02-13.
  9. ^ "QCR Holdings, Inc. Announces Completion of Acquisition of Guaranty Federal Bancshares, Inc" (Press release). GlobeNewswire. April 1, 2022.