QCR Holdings, Inc. announced that, effective at the annual stockholders meeting on May 23, 2019, Douglas M. Hultquist will retire from the company's board of directors and from his roles as President and Chief Executive Officer. Leadership will transition upon Mr. Hultquist's retirement to current executive leaders and company directors, Larry J. Helling and Todd A. Gipple. Mr. Helling will become Chief Executive Officer of the company and Mr. Gipple will become President. Mr. Helling will retain the titles he currently holds at Cedar Rapids Bank & Trust. Mr. Gipple will remain Chief Financial Officer and Chief Operating Officer of the company.
Mr. Helling, an Iowa native and graduate of Iowa State University, has over 30 years of commercial banking experience. He previously was the Executive Vice President and Regional Commercial Banking Manager of Firstar Bank, now US Bank, in Cedar Rapids with a focus on the Cedar Rapids metropolitan area and the Eastern Iowa region. Prior to his six years with Firstar, Mr. Helling spent 12 years with Omaha National Bank.
Mr. Gipple, who joined QCR Holdings in 2000, will remain Chief Financial Officer and Chief Operating Officer in addition to his new duties as President. Mr. Gipple serves in an executive leadership role and is a valuable board member of multiple QCRH charters. He is also an active community leader in the Quad Cities.
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. 
