QCR Holdings
Encyclopedia
QCR Holdings, Inc., through its subsidiaries, provides commercial
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...

 and consumer bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

ing, and trust
Trust management
Trust management can be conceptualized in two ways. First, as a process by which individual A becomes trustworthy for other individuals. This trust is significant criterion of success and survival because it makes individuals to collaborate with individual A...

 and asset management
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...

 services for the Quad City
Quad Cities
The Quad Cities is a group of five cities straddling the Mississippi River on the Iowa–Illinois boundary. These cities, Davenport and Bettendorf and Rock Island, Moline, and East Moline , are the center of the Quad Cities Metropolitan Area, which, as of 2010, had an estimated population of...

, Cedar Rapids
Cedar Rapids, Iowa
Cedar Rapids is the second largest city in Iowa and is the county seat of Linn County. The city lies on both banks of the Cedar River, north of Iowa City and east of Des Moines, the state's capital and largest city...

, and Rockford
Rockford, Illinois
Rockford is a mid-sized city located on both banks of the Rock River in far northern Illinois. Often referred to as "The Forest City", Rockford is the county seat of Winnebago County, Illinois, USA. As reported in the 2010 U.S. census, the city was home to 152,871 people, the third most populated...

 communities. QCR Holdings, Inc. was founded in 1993 and is headquartered in Moline, Illinois
Moline, Illinois
Moline is a city located in Rock Island County, Illinois, United States, with a population of 45,792 in 2010. Moline is one of the Quad Cities, along with neighboring East Moline and Rock Island in Illinois and the cities of Davenport and Bettendorf in Iowa. The Quad Cities has a population of...

.

About

QCR Holdings, Inc. is a multi-bank holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 headquartered in Moline, Illinois
Moline, Illinois
Moline is a city located in Rock Island County, Illinois, United States, with a population of 45,792 in 2010. Moline is one of the Quad Cities, along with neighboring East Moline and Rock Island in Illinois and the cities of Davenport and Bettendorf in Iowa. The Quad Cities has a population of...

 that serves the Quad Cities, Cedar Rapids and Rockford communities through its wholly owned subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

 bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

s. Each bank provides full-service commercial and consumer banking, trust, and asset management services. The company also engages in commercial leasing through its 80% owned subsidiary, M2 Lease Funds, LLC, based in Milwaukee, Wisconsin
Milwaukee, Wisconsin
Milwaukee is the largest city in the U.S. state of Wisconsin, the 28th most populous city in the United States and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the...

.:

QCR Holdings' deposit products include non-interest and interest
Interest
Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money, or money earned by deposited funds....

-bearing demand deposit
Demand deposit
Demand deposits, bank money or scriptural money are funds held in demand deposit accounts in commercial banks. These account balances are usually considered money and form the greater part of the money supply of a country.-History:...

s, time deposit
Time deposit
A time deposit is a money deposit at a banking institution that cannot be withdrawn for a certain "term" or period of time...

s, negotiable order of withdrawal account
Negotiable Order of Withdrawal account
In the United States, a Negotiable Order of Withdrawal account is a deposit account that pays interest, on which checks may be written....

s, regular checking accounts, savings deposits, and brokered certificates of deposits
Certificate of deposit
A certificate of Deposit is a time deposit, a financial product commonly offered to consumers in the United States by banks, thrift institutions, and credit unions....

. The company offers commercial
Commercial lender (US)
In the United States a commercial lender offers loans backed by hard collateral. In most cases this is real estate, but it can also include factoring, non-conforming assets, or other sources of collateral.-Commercial lending practices:...

 and retail lending
Credit (finance)
Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately , but instead arranges either to repay or return those resources at a later date. The resources provided may be financial Credit is the trust...

 and investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

 services to corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...

s, partnership
Partnership
A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.Since humans are social beings, partnerships between individuals, businesses, interest-based organizations, schools, governments, and varied combinations thereof, have always been and remain commonplace...

s, individuals, and government agencies. Its loan portfolio comprises commercial loan
Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....

s, including loans to wholesale
Wholesale
Wholesaling, jobbing, or distributing is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services...

rs, manufacturers, building contractors, business services companies, other banks, and retailers; commercial loans, including commercial real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 loans; and business loans, such as lines of credit for working capital
Working capital
Working capital is a financial metric which represents operating liquidity available to a business, organization or other entity, including governmental entity. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Net working capital is...

 and operational purposes. The company’s loan portfolio also includes term loans for the acquisition of facilities, equipment, and other purposes; and consumer loans, including motor vehicle
Motor vehicle
A motor vehicle or road vehicle is a self-propelled wheeled vehicle that does not operate on rails, such as trains or trolleys. The vehicle propulsion is provided by an engine or motor, usually by an internal combustion engine, or an electric motor, or some combination of the two, such as hybrid...

, home improvement
Home improvement
Home improvement, home renovation or remodeling is the process of renovating or making additions to one's home.-Types of home improvement:...

, home equity
Home equity
Home equity is the market value of a homeowner's unencumbered interest in their real property—that is, the difference between the home's fair market value and the outstanding balance of all liens on the property. The property's equity increases as the debtor makes payments against the...

, signature loans, and small personal credit lines. In addition, it offers direct financing lease contracts services.

Subsidiary Banks

The subsidiary banks of QCR Holdings include:
  • Quad City Bank and Trust - Based in Bettendorf, Iowa
    Bettendorf, Iowa
    Bettendorf is a city in Scott County, Iowa, United States. Bettendorf is the fifteenth largest city in the U.S. state of Iowa and the fourth largest city in the "Quad Cities". As of the 2010 United States Census the population grew to 33,217. Bettendorf is one of the Quad Cities, along with...

     - Commenced operations in 1994
  • Cedar Rapids Bank and Trust - Based in Cedar Rapids, Iowa
    Cedar Rapids, Iowa
    Cedar Rapids is the second largest city in Iowa and is the county seat of Linn County. The city lies on both banks of the Cedar River, north of Iowa City and east of Des Moines, the state's capital and largest city...

     - Commenced operations in 2001
  • Rockford Bank and Trust - Based in Rockford, Illinois
    Rockford, Illinois
    Rockford is a mid-sized city located on both banks of the Rock River in far northern Illinois. Often referred to as "The Forest City", Rockford is the county seat of Winnebago County, Illinois, USA. As reported in the 2010 U.S. census, the city was home to 152,871 people, the third most populated...

    - Commenced operations in 2005


QCR Holdings signed an agreement to sell its Milwaukee subsidiary, First Wisconsin Bank & Trust, to National Bancshares, Inc. near the end of 2008. First Wisconsin commenced operations in 2006.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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