DivestmentNov 2, 2026, 09:26 AM
QCR Holdings Sells Iowa Branches for $140M Deposits, $29M Loans
AI Summary
QCR Holdings, Inc. announced that its subsidiary, Cedar Rapids Bank & Trust Company, has entered into a definitive agreement to sell its Community Bank & Trust division, comprising three branches in the Waterloo-Cedar Falls metropolitan area. The sale includes approximately $140 million in deposits and $29 million in loans, along with wealth management relationships representing $153 million in assets under management. The company stated the transaction is not expected to result in a material gain or loss and is anticipated to close in the first quarter of 2027. This divestment is part of QCR Holdings' strategy to optimize resources and focus on markets with greater long-term growth potential.
Key Highlights
- QCR Holdings, Inc. subsidiary Cedar Rapids Bank & Trust Company to sell its Community Bank & Trust division.
- The divested division includes three branch locations in Waterloo and Cedar Falls, Iowa.
- The transaction involves approximately $140 million in deposits and $29 million in loans.
- Certain wealth management relationships with approximately $153 million in assets under management will also transition.
- The transaction is not expected to result in a material gain or loss for QCR Holdings, Inc.
- The sale is anticipated to close in the first quarter of 2027, subject to regulatory approvals.
Price Impact
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