QCR Holdings, Inc. announced that Michael L. Peterson, a Class III director since 2013, and George T. Ralph, a Class III director since 2015, informed the board that they would not seek re-election as directors of the Company at the annual meeting and, accordingly, the board did not re-nominate them for election. The directorships of Mr. Peterson and Mr. Ralph ended at the annual meeting held on May 20, 2020. The board had nominated Elizabeth Libby" S. Jacobs to serve as a Class III director of the Company to fill one of the resulting vacancies. Ms. Jacobs was elected at the annual meeting, and the size of the board was reduced from 12 to 11 directors as of May 20, 2020.
QCR Holdings, Inc. is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield communities, through four wholly owned banking subsidiaries (Banks), Quad City Bank & Trust (QCBT), Cedar Rapids Bank & Trust (CRBT), Community State Bank (CSB) and Guaranty Bank (GB), which provides full-service commercial and consumer banking and trust and asset management services. The Companyâs principal business consists of attracting deposits and investing those deposits in loans/leases and securities. The Company is also engaged in direct financing lease contracts and equipment financing agreements through m2, a wholly owned subsidiary of QCBT based in Waukesha, Wisconsin. It is also engaged in wealth management services through its banking subsidiaries. It also provides a range of commercial and retail lending/leasing and investment services to corporations, partnerships, individuals, and government agencies.
QCR HOLDINGS, INC. 
