QCR Holdings, Inc. Announces Agreement to Sell Three Branches to BankIowa
Key Highlights
- ➤QCRH agrees to sell three Waterloo-Cedar Falls branches to BankIowa
- ➤Transferred deposits total approximately $140 million as of September 30, 2026
- ➤Transferred loans total approximately $29 million as of September 30, 2026
- ➤Wealth management relationships include approximately $153 million in assets under management
- ➤Closing expected in first quarter 2027; no material gain or loss anticipated
Expert Statements
Todd A. Gipple, President and CEO of QCR Holdings, Inc.
“This transaction reflects our ongoing commitment to strategically allocate resources and optimize our Company for sustained top-tier financial performance.”
Todd A. Gipple, President and CEO of QCR Holdings, Inc.
“While we are grateful for the relationships our team has built in the Waterloo and Cedar Falls markets, we believe this transaction provides the best opportunity for these clients, employees, and communities, while allowing us to sharpen our focus on markets where we see the greatest long-term growth potential.”
Alison Urbina, President and CEO of BankIowa
“We are excited to welcome these clients and employees to BankIowa.”
Alison Urbina, President and CEO of BankIowa
“This transaction strengthens our presence in the Cedar Valley market and aligns with our commitment to deliver exceptional service and support to the individuals, families, and businesses in the area.”
Todd A. Gipple, President and CEO of QCR Holdings, Inc.
“We are committed to ensuring a seamless transition for our clients and employees. We appreciate the trust our Waterloo and Cedar Falls clients have placed in us over the years, and we are confident they will continue to receive outstanding local community-based service from BankIowa.”
MOLINE, Ill., Nov. 02, 2026 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (Nasdaq: QCRH) (the “Company”) today announced that its subsidiary, Cedar Rapids Bank & Trust Company, has entered into a definitive agreement with BankIowa, based in Cedar Rapids, Iowa, to sell its Community Bank & Trust division, which consists of three branch locations serving the Waterloo-Cedar Falls metropolitan area.
The transaction includes two branches located in Waterloo, Iowa, and one branch located in Cedar Falls, Iowa. The sale includes certain deposits and loans associated with the three branches, totaling approximately $140 million and $29 million, respectively, as of September 30, 2026. Certain wealth management relationships associated with customers in the market are also expected to transition as part of the transaction, representing approximately $153 million in assets under management as of September 30, 2026.
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