QCR Holdings, Inc. Welcomes New Directors and Announces a Cash Dividend of $0.06 Per Share
August 23 2024 - 8:00AM
QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced
the appointment of James R. Batten and Amy L. Reasner to the
Company’s Board of Directors, increasing the Board from 11 to 13
members. The appointments were effective August 21, 2024.
“Both Jim and Amy bring a strong background and expertise that
complements the composition and experience of our board,” said
Larry Helling, Chief Executive Officer. “They also have deep
commitments and close ties to the markets that we serve.”
Mr. Batten currently serves as Chair of the Board of Directors
of Guaranty Bank and previously served as Chair of the Board of
Directors of Guaranty Federated Bancshares, Inc., prior to its
acquisition by QCR Holdings. He currently serves as President of
H2D2, LLC, a family office. His past positions include Chief
Financial Officer for International Dehydrated Foods, a
privately-held ingredients manufacturer for the food industry, and
O’Reilly Automotive, Inc., a publicly traded auto parts retailer
headquartered in Springfield, Missouri. Among his numerous
community roles, Batten is a member of the boards of AG Financial
Solutions and Foundation Capital Resources and previously served on
the boards of the Springfield Area Chamber of Commerce, Big
Brothers Big Sisters of the Ozarks, and New Covenant Academy.
Ms. Reasner currently serves on the Board of Directors of Cedar
Rapids Bank and Trust Company. She currently serves as President
for Lynch Dallas, P.C., a general practice law firm located in
Cedar Rapids, Iowa. Ms. Reasner’s general practice includes labor
and employment law, insurance defense, and internal investigations,
representing a wide range of clients, including insurance
companies, businesses, municipalities, and school districts. She is
the former Chair of the Iowa Department of Transportation, a former
Board Member of the Iowa Finance Authority, and current Vice
President of Willis Dady Homeless Services, among several other
community roles.
Additionally, on August 21, 2024, the Company’s Board of
Directors declared a cash dividend of $0.06 per share payable on
October 2, 2024, to holders of common stock of the Company of
record on September 13, 2024.
About UsQCR Holdings, Inc., headquartered in
Moline, Illinois, is a relationship-driven, multi-bank holding
company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des
Moines/Ankeny and Springfield communities through its wholly owned
subsidiary banks. The banks provide full-service commercial and
consumer banking and trust and wealth management services. Quad
City Bank & Trust Company, based in Bettendorf, Iowa, commenced
operations in 1994, Cedar Rapids Bank & Trust Company, based in
Cedar Rapids, Iowa, commenced operations in 2001, Community State
Bank, based in Ankeny, Iowa, was acquired by the Company in 2016,
Springfield First Community Bank, based in Springfield, Missouri,
was acquired by the Company in 2018, and Guaranty Bank, also based
in Springfield, Missouri, was acquired by the Company and merged
with Springfield First Community Bank in 2022, with the combined
entity operating under the Guaranty Bank name. Additionally, the
Company serves the Waterloo/Cedar Falls, Iowa community through
Community Bank & Trust, a division of Cedar Rapids Bank &
Trust Company. Quad City Bank & Trust Company offers equipment
loans and leases to businesses through its wholly owned subsidiary,
m2 Equipment Finance, LLC, based in Waukesha, Wisconsin, and also
provides correspondent banking services. The Company has 36
locations in Iowa, Missouri, Wisconsin and Illinois. As of June 30,
2024, the Company had $8.9 billion in assets, $6.9 billion in loans
and $6.8 billion in deposits. For additional information, please
visit the Company’s website at www.qcrh.com.
Contact:Todd A. GipplePresidentChief Financial Officer(309)
743-7745tgipple@qcrh.com
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