QCR Holdings, Inc., the parent company of Quad City Bank & Trust, is making plans for a new headquarters building and bank branch on the northern edge of Bettendorf.
QCR announced in a news release today, Feb. 28, that it is buying land at the southeast corner of Forest Grove Drive and Middle roads for its new headquarters. The location also will house a new consumer banking branch of QCBT.
This site will become the sixth branch for Quad City Bank & Trust, which has the largest deposit market share in the Quad Cities area. The current QCBT branch in Moline will continue to operate.
Although the move relocates QCR’s headquarters from its longtime site in Moline to Bettendorf, the bank said it is committed to maintaining continued operations in the Illinois Quad Cities.
Construction on the new Bettendorf building is anticipated to begin in late 2024.
In his recent State of the City address, Bettendorf Mayor Bob Gallagher noted that the area around Forest Grove Drive and Middle Road — near the TBK Sports Complex and many other businesses — continues to quickly grow and attract more businesses.
This is the latest new development for QCBT. Just a few weeks ago, the bank and holding company’s leadership gathered with Quad Cities business and community leaders to celebrate the grand reopening of the QCBT branch at 4500 N. Brady St., Davenport. That Jan. 24 ceremony featured a Quad Cities Chamber of Commerce ribbon-cutting ceremony, tours of the renovated branch, speeches and a video outlining some of the bank’s milestones over the years.
“Wow, this is a total goosebumps moment. … We started off with $4 million in assets (30 years ago). Today, we’re over $2 billion in assets,” John Anderson, the bank’s CEO, told the crowd at that event.
Today, the bank has grown to $2.4 billion in assets and 158 employees.
QCR Holdings, Inc., is a relationship-driven, multi-bank holding company serving the Quad Cities as well as the Iowa markets of Cedar Rapids, Cedar Valley, and Des Moines/Ankeny, and the Springfield and Joplin, Missouri, communities through its wholly owned subsidiary banks.
Quad City Bank & Trust is one of four wholly owned subsidiary banks within QCR Holdings, Inc.
