QCR Holdings, Inc. Announces Executive Changes; Declares Cash Dividend, Payable on July 3, 2019
May 24, 2019 at 01:45 am IST
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QCR Holdings, Inc. announced that effective at the annual stockholders' meeting, Douglas M. Hultquist retired from the company's board of directors and from his roles as President and Chief Executive Officer, and leadership of QCR Holdings, Inc. transitioned to current executive leaders and company directors, Larry J. Helling and Todd A. Gipple. Mr. Helling is now Chief Executive Officer of the company, and Mr. Gipple is President in addition to his roles of Chief Operating Officer and Chief Financial Officer. Additionally, Linda K. Neuman, a Company director since 2013, previously informed the board that she would not seek re-election at the meeting and thus was not re-nominated.
Immediately following the annual meeting of stockholders, the company's board of directors declared a cash dividend of $0.06 per share distributable on July 3, 2019, to holders of common stock of the company of record on June 21, 2019.
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. 
