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QCR Holdings, Inc. Announces Agreement to Sell Three Branches to BankIowa

QCRH
  • QCR Holdings, Inc. announced its subsidiary Cedar Rapids Bank & Trust Company will sell its Community Bank & Trust division to BankIowa.
  • The sale includes three branch locations: two in Waterloo, Iowa, and one in Cedar Falls, Iowa.
  • The transaction involves approximately $140 million in deposits and $29 million in loans as of September 30, 2026.
  • Wealth management relationships totaling $153 million in assets under management will also transition to BankIowa.
  • The deal is expected to close in the first quarter of 2027, subject to regulatory approvals.
  • The transaction is not anticipated to result in a material gain or loss for QCR Holdings.
  • Clients will continue to be served at existing locations until the closing date.