QCR Holdings, Inc. (QCRH) is a multi-banked financial holding company based in Moline, Illinois. The institution was founded with the inception of Quad City Bank & Trust Company in 1994, which was organized by a group of community leaders from the Quad Cities area. Over the years, the company has grown significantly through a number of strategic acquisitions and expansion into new markets.
As of today, QCRH through its wholly-owned subsidiary banks, serves the Quad Cities, Cedar Rapids, Waterloo, Des Moines/Ankeny, Rockford, Springfield, and the surrounding areas. The company's subsidiary banks include Quad City Bank & Trust Company, based in Bettendorf, Iowa, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, Community State Bank, based in Ankeny, Iowa, and Rockford Bank and Trust Company, based in Rockford, Illinois.
QCRH operates in two segments: Commercial Banking and Wealth Management. The Commercial Banking segment serves commercial and industrial, commercial real estate and construction and land development customers. It offers a full suite of banking products and services such as business banking, lending, equipment leasing, treasury management, and capital markets and international banking services.
On the other hand, the Wealth Management segment offers wealth planning, portfolio management, trust and estate services, and private banking. This division also provides personal trust and agency services, including the administration of estates, testamentary trusts, revocable and irrevocable trusts, and conservatorships.
The company places a strong emphasis on maintaining a community-centric approach. Its community banking model allows its subsidiary banks to make local decisions based on their deep knowledge of the communities and customers they serve, while leveraging the broader resources and services of the holding company. Internally, QCRH encourages autonomy, entrepreneurial spirit, and a strong commitment to customer service.
Despite the challenging economic environment in recent years, QCRH has shown steady financial performance. The company has a reputation for delivering strong shareholder returns while simultaneously investing in local communities. This balance has allowed QCRH to maintain its growth momentum while staying true to its commitment to community development.
In conclusion, QCRH has grown and evolved over the years but its guiding principles remain unfaltering: to deliver high-quality customer service, maintain resilient operational practices and foster sustainable community impact. These core values, coupled with its robust financial performance, have positioned QCRH as a leading player in the financial services sector.