QCR Holdings, Inc. Welcomes New Director Mary Kay Bates and Announces a Cash Dividend of $0.06 per Share
24 Maggio 2018 - 10:05PM
QCR Holdings, Inc. (NASDAQ:QCRH) today announced the election of
four Class I directors on May 23, 2018 at the Company’s annual
meeting of its stockholders. Three of the directors,
John-Paul E. Besong, Todd A. Gipple and Donna J. Sorensen, were
re-elected to three-year terms. Mary Kay Bates, President of
Bank Midwest based in Spirit Lake, IA, is a new independent
director to the Company, effective immediately.
“Mary Kay is an accomplished leader and will bring fresh
perspectives and deep industry knowledge to our board given her
over 30 years of banking experience,” states Doug M. Hultquist,
President and CEO of QCR Holdings, Inc. “In addition, she is a
recognized industry leader and we are confident that QCR Holdings
will benefit greatly from her insights and counsel.”
Ms. Bates is currently president and chief executive officer of
Bank Midwest. She has over 30 years in the financial services
industry and has been with the Bank Midwest since 1995. In
her tenure at the bank, she has served in multiple areas including
lending, marketing and human resources. She also held the
role of executive vice president and chief operating officer and
currently serves on the board of directors of Bank Midwest and
Goodenow Bancorporation. She is a Trustee of the Graduate
School of Banking at Colorado and an active member of the Iowa
Bankers Association, serving on the legislative committee and as a
Regional Vice-Chair. She is a Trustee of Lakes Regional
Healthcare and a board director of Lakes Regional Healthcare
Foundation. Ms. Bates attended Iowa State University and
graduated with honors from the Graduate School of Banking
Colorado.
Immediately following the annual meeting of stockholders the
Company’s board of directors declared a cash dividend of $0.06 per
share payable on July 5, 2018, to holders of common stock of the
Company of record on June 15, 2018.
About Us
QCR Holdings, Inc., headquartered in Moline, Illinois, is a
relationship-driven, multi-bank holding company, which serves the
Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and
Rockford communities through its wholly owned subsidiary
banks. Quad City Bank & Trust Company, which is based in
Bettendorf, Iowa, and commenced operations in 1994, Cedar Rapids
Bank & Trust Company, which is based in Cedar Rapids, Iowa, and
commenced operations in 2001, Community State Bank, which is based
in Ankeny, Iowa and was acquired by the Company in 2016, and
Rockford Bank & Trust Company, which is based in Rockford,
Illinois, and commenced operations in 2005, provide full-service
commercial and consumer banking and trust and wealth management
services. Quad City Bank & Trust Company also provides
correspondent banking services. In addition, Quad City Bank
& Trust Company engages in commercial leasing through its
wholly owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee,
Wisconsin. Additionally, the Company serves the
Waterloo/Cedar Falls, Iowa community through Community Bank &
Trust, a division of Cedar Rapids Bank & Trust Company. The
Company enhanced its presence in Cedar Rapids, Iowa with the
acquisition of Guaranty Bank & Trust Company in October 2017,
which merged with Cedar Rapids Bank & Trust in December
2017.
Contacts:
Todd A. GippleExecutive Vice PresidentChief Operating
OfficerChief Financial Officer(309) 743-7745tgipple@qcrh.com
Christopher J. LindellExecutive Vice PresidentCorporate
Communications(319) 743-7006clindell@qcrh.com
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