On February 17, 2022, Dana L. Nichols informed QCR Holdings, Inc. of his intention to retire from his positions as Executive Vice President, Chief Lending Officer of QCR Holdings, effective May 2, 2022. He served in those positions since May 2019, and previously served as Executive Vice President, Chief Credit Officer of QCR Holdings since 2015, Executive Vice President, Chief Lending Officer of QCR Holdings' wholly owned bank subsidiary, Cedar Rapids Bank and Trust Company (CRBT"), since 2010 and Senior Vice President, Commercial Lending of CRBT since 2001. In connection with the previously announced merger the company appointed John F. Griesemer as a Class III director to fill the resultant vacancy, with such appointment effective on the closing date of the Merger.
As with other Class III directors, once appointed, Mr. Griesemer's initial term will expire at the 2023 annual meeting of stockholders. Mr. Griesemer has served as a director of Guaranty and Guaranty's wholly owned bank subsidiary, Guaranty Bank. Upon appointment, Mr. Griesemer will serve on the Nomination and Governance Committee.
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. 
