Quad City Bank & Trust (QCBT) and its parent company, QCR Holdings, Inc. (QCRH), will officially launch construction on a new company headquarters and banking branch at a ceremony Thursday, May 15.
The ground breaking will be at 1 p.m. at the future building’s site located at the southeast corner of Forest Grove Drive and Middle Road in Bettendorf. The bank holding company, now headquartered in Moline, first announced the new facility in February 2024. Along with housing the QCRH team’s operations, the building also will be the sixth consumer banking branch for its subsidiary, QCBT.
“We will use the ground-breaking festivities to offer our thanks to our partners, including Russell Construction, Streamline Architects, Conceptual Design, Inc, IMEG and Confluence,” Laura “Divot” Ekizian, QCBT president & CEO, said in a pre-event news release Tuesday, May 13. “Each one is sharing their unique skills and talents to create this new headquarters.”
Ms. Ekizian, who succeeded the retiring John Anderson in January, added: “QCRH and QCBT are also committed to supporting our local trades and will be signing an IMPACT Agreement for this project.”
QCBT plans to maintain its current branch in Moline after the QCRH headquarters relocate to Bettendorf.
QCR Holdings is a multi-bank holding company serving the Quad Cities as well as the Iowa markets of Cedar Rapids, Cedar Valley and Des Moines/Ankeny and Springfield, Missouri. The company has $9.2 billion in assets, $6.8 billion in loans and $7.3 billion in deposits.
“We are committed to this community, it’s who we are. Whether it’s through our community partnerships or our donations and sponsorships of hundreds of local organizations and events, we’re here for the citizens of the Quad Cities. This new branch provides us with an opportunity to serve the population of the Quad Cities on a wider scale,” said Ms. Ekizian, who last year was honored by the Quad Cities Regional Business Journal as one of its Women of Influence.
“We think our expanded presence will not only enhance our customers’ experience but will bring the community to us in ways we haven’t yet experienced,” she added.
The new Bettendorf facility is designed to provide more of a ‘campus’ feel, and the bank and QCRH expect to host community events on site and share their green spaces.
Founded more than 30 years ago, QCBT is one of four wholly owned subsidiary banks within QCRH. Employees with QCRH provide support services for all the banks, providing consistent, efficient, and shared solutions.
“Our unique structure allows us to remain true to our roots as relationship-driven community bankers, while having the ability to offer the clout of a larger institution,” QCRH President Todd Gipple said in the release. He will become the holding company’s next CEO at the upcoming annual meeting next week.
QCBT is a local community bank, headquartered in Bettendorf. It employs 162 individuals at five current locations throughout the Quad Cities area.
