QCR Holdings

Last updated
QCR Holdings, Inc.
Company type Public
Nasdaq:  QCRH
Russell 2000 Component
Industry Finance
Headquarters Moline, Illinois, U.S.
Key people
Patrick S. Baird (chairman)
Larry J. Helling (CEO)
Products Banks
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]

Contents

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]

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]

Related Research Articles

<span class="mw-page-title-main">Chicago Express Airlines</span> Former regional airline of the United States (1993–2005)

Chicago Express Airlines, Inc. was a regional airline headquartered in Chicago, Illinois, United States.

Skyway Airlines was an American ramp and aircraft ground handling services and catering company based in Oak Creek, Wisconsin. Until April 5, 2008, it operated as a regional airline and banner carrier exclusively for Midwest Express Airlines under the business name Midwest Connect, feeding Midwest's hub at General Mitchell International Airport with twelve 32-seat Fairchild-Dornier 328JET regional jet aircraft, and four 19-seat Beechcraft 1900 commuter turboprops. Skyway Airlines, along with its parent corporation, Midwest Air Group, has since ceased operations.

<span class="mw-page-title-main">Iowa Interstate Railroad</span> United States railroad subsidiary company

The Iowa Interstate Railroad is a Class II regional railroad operating in the central United States. The railroad is owned by Railroad Development Corporation of Pittsburgh, Pennsylvania.

<span class="mw-page-title-main">BBVA USA</span> Former American bank holding company

BBVA USA was a bank headquartered in Birmingham, Alabama. It was a subsidiary of Banco Bilbao Vizcaya Argentaria from 2007 until 2021, when it was acquired by PNC Financial Services. It operated mainly in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas. The bank was earlier named Central Bank and Trust Company, Central Bank, Central Bancshares of the South, and Compass Bancshares.

<span class="mw-page-title-main">BMO Bank</span> US bank

BMO Bank, N.A. is an American national bank that is headquartered in Chicago, Illinois. It is the U.S. subsidiary of the Toronto-based multinational investment bank and financial services company Bank of Montreal, which owns it through the holding company BMO Financial Corporation. In September 2023, it was the 8th largest bank in the United States by total assets.

The Illinois–Indiana–Iowa League was a Minor League Baseball organization that operated for the better part of 60 seasons, with teams based in Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska and Wisconsin. The league began play in 1901 and disbanded after the 1961 season. It was popularly known as the Three–I League and sometimes as the Three–Eye League.

<span class="mw-page-title-main">Mississippi Valley Airlines</span>

Mississippi Valley Airlines (IATA--XV) was a regional air carrier serving the Upper Midwestern region of the United States. It was founded by Herb Lee, Norm Elsy and Charles A. ("Chuck") Draine as Gateway Aviation, and had its headquarters in La Crosse, Wisconsin. Chuck Draine served as chairman and chief executive officer. It began scheduled flight operations on July 22, 1968 between La Crosse Municipal Airport and both Chicago and Milwaukee. The carrier changed its name to Mississippi Valley Airways in October 1969. It became Mississippi Valley Airlines (MVA) and moved its headquarters to Quad City Airport in Moline, Illinois in January 1982. The airline merged into Air Wisconsin on May 17, 1985 in a $10 million share exchange transaction. At the time of the merger, Mississippi Valley Airlines was the United States' eighth-largest regional airline in terms of ridership.

Firstar Corporation was a Milwaukee, Wisconsin-based regional bank holding company that existed from 1853 to 2001. In 2001, Firstar acquired U.S. Bancorp and assumed its name, moving its headquarters to Minneapolis.

Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a Midwest bank with from more than 220 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas.

<span class="mw-page-title-main">First Citizens BancShares</span> American financial services company

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states and is one of the largest banks in the United States.

Mercantile Bancorporation was the largest bank holding company in Missouri when it was acquired by Firstar Corporation in 1999.

<span class="mw-page-title-main">Cadence Bank</span> Regional Bank

Cadence Bank is a commercial bank with dual headquarters in Tupelo, Mississippi and Houston, Texas with operations in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee, Texas, and Illinois. In 1876, Raymond Trice and Company received a charter to create a bank in its hardware store in Verona, Mississippi. In 1886, the banking operation was moved to Tupelo, Mississippi and the company was renamed to Bank of Lee County, Mississippi. Soon after, it was renamed to the Bank of Tupelo. The bank was renamed to Bank of Mississippi in 1966. In 1997, the bank changed its name to BancorpSouth. In October 2021, the bank changed its name to Cadence Bank. It has the naming rights to Cadence Bank Amphitheatre in Atlanta and Cadence Bank Arena in Tupelo.

<span class="mw-page-title-main">United Community Bank</span> Bank holding company

United Community Banks, Inc. is an American bank. United is one of the largest full-service financial institutions in the Southeast, with $25.9 billion in assets, and 161 offices in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee.

<span class="mw-page-title-main">First Guaranty Bank</span> American bank based in Louisiana

First Guaranty Bank (FGB) is a bank based in Hammond, Louisiana. It is the primary subsidiary of First Guaranty Bancshares, Inc., a bank holding company. The bank operates 21 branches.

Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odessa, and Abilene, Texas; 16 in Bryan–College Station; 6 in Central Oklahoma; and 8 in Tulsa, Oklahoma.

<span class="mw-page-title-main">First Bank System</span> American regional bank holding company

First Bank System was a Minneapolis, Minnesota-based regional bank holding company that operated from 1864 to 1997. What was once First Bank forms the core of today's U.S. Bancorp; First Bank merged with the old U.S. Bancorp in 1997 and took the U.S. Bancorp name.

<span class="mw-page-title-main">Guaranty Bank & Trust</span> Bank based in Texas, USA

Guaranty Bank & Trust is a Texas-based commercial bank that offers personal and business banking services.

Guaranty Bank was a community bank established in 1913. The bank operated beneath its holding company, Guaranty Federal Bancshares, Inc. The bank invests deposits attracted from the general public. It is headquartered in Springfield, Mo. and operated branches in Greene, Christian and Jasper counties as well as a loan production office in Webster County.

CBI Bank & Trust, formerly known as Central State Bank, is a community bank based in Muscatine, Iowa. It is a subsidiary of Central Bancshares, Inc., a bank holding company that is also based in Muscatine. Total assets are over $1.45 billion and it employs over 250 individuals.

Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.

References

  1. "Form 10-K". sec.gov. Retrieved 24 August 2023.
  2. 1 2 "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. 1 2 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.