Mergers & Acquisitions ·
QCR Holdings agrees to sell three branches and $169M in deposits to BankIowa
QCRHQcr Holdings Inc
QCR Holdings announced its subsidiary, Cedar Rapids Bank & Trust Company, has entered into a definitive agreement with BankIowa to sell the Community Bank & Trust division. The transaction includes three branch locations serving the Waterloo-Cedar Falls metropolitan area and involves approximately $140 million in deposits and $29 million in loans as of September 30, 2026. Additionally, about $153 million in assets under management from wealth management relationships are expected to transition. The deal is anticipated to close during the first quarter of 2027, subject to regulatory approvals, and is not expected to result in a material gain or loss. QCR Holdings operates as a multi-bank holding company providing commercial and consumer banking services across Iowa, Missouri, and Illinois.