Effective as of October 4, 2019, Elizabeth A. Grabin, Senior Vice President and Chief Accounting Officer of QCR Holdings, Inc., resigned from each of her positions at the company, including principal accounting officer, to pursue an external opportunity. Nick W. Anderson will serve as Chief Accounting Officer and principal accounting officer of the company. His appointment became effective upon Ms. Grabin’s resignation. Mr. Anderson served as the Chief Financial Officer of Quad City Bank & Trust Company.
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.