QCR Holdings, Inc., the parent company of Quad City Bank & Trust and other subsidiary Midwest banks, has announced the election of three Class II directors during its annual meeting last week.
In a news release Friday, May 23, QCRH announced these developments from its annual stockholders meeting held Thursday, May 22:
- Directors Brent R. Cobb, Mark C. Kilmer and Amy L. Reasner were re-elected to three-year terms on the board. The directorships of Larry J. Helling and Donna J. Sorensen ended during the annual meeting. The action reduces the board’s size from 13 to 11 directors.
- Todd A. Gipple assumed the role of president and chief executive officer due to Mr. Helling’s retirement. Nick W. Anderson assumed the role of chief financial officer, succeeding Mr. Gipple as CFO. Brittany N. Whitfield will serve as chief accounting officer.
- In other action, the board of directors declared a cash dividend of $0.06 per share payable on July 3, 2025, to holders of QCRH’s common stock of record on June 18, 2025.
Headquartered in Moline, QCR Holdings, Inc. 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. Its original bank, Quad City Bank & Trust Co., based in Bettendorf, began in 1994.
The parent company recently broke ground on a new headquarters and branch facility in north Bettendorf. The new facility, being built by Russell, is expected to be complete at the end of 2026.
In all, the company has 36 locations in Iowa, Missouri, and Illinois. As of March 31, it had $9.2 billion in assets, $6.8 billion in loans and $7.3 billion in deposits.
