Timothy O’Reilly Resignation as a Member of the Board of Directors of QCR Holdings, Inc. and Springfield First Community Bank
July 17, 2021 at 01:36 am IST
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On July 15, 2021, Timothy O’Reilly notified QCR Holdings, Inc. of his decision to resign as a member of the Company’s board of directors and as a member of the board of directors of Springfield First Community Bank (the “SFC Bank”), the Company’s wholly owned subsidiary, effective immediately. Mr. O’Reilly’s resignation was not a result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
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. 
