QCR Holdings adds new directors and increases dividend

By Tamara Parker • Friday, August 23 15:18 • Permanent Link

QCR Holdings, Inc. has announced the addition of two new directors to its Board of Directors, increasing the board's size from 11 to 13 members. James R. Batten, currently serving as Chair of the Board of Directors of Guaranty Bank, and Amy L. Reasner, who serves on the Board of Directors of Cedar Rapids Bank and Trust Company, have joined the board effective August 21, 2024.

In addition to the new appointments, the company's Board of Directors has declared a cash dividend of $0.06 per share, payable on October 2, 2024, to holders of common stock of the Company of record on September 13, 2024.

As of June 30, 2024, QCR Holdings, Inc. reported $8.9 billion in assets, reflecting an increase from the previous period. The company's loans stood at $6.9 billion, and deposits were reported at $6.8 billion, indicating stability and growth in these key financial metrics. Following these announcements, the company's shares moved 5.9%, and are now trading at a price of $76.18. For the full picture, make sure to review QCR's 8-K report.

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