QCR Holdings, Inc. Welcomes New Directors and Announces a Cash Dividend of $0.06 Per Share
QCR Holdings, Inc. (NASDAQ: QCRH) has announced two significant developments. Firstly, the company has appointed James R. Batten and Amy L. Reasner to its Board of Directors, expanding it from 11 to 13 members. Both new directors bring valuable expertise and strong ties to the markets served by QCR Holdings.
Secondly, the company has declared a cash dividend of $0.06 per share, payable on October 2, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates the company's commitment to returning value to its shareholders.
The appointments and dividend declaration were made effective on August 21, 2024, signaling a strategic move to strengthen the company's leadership and maintain investor confidence.
QCR Holdings, Inc. (NASDAQ: QCRH) ha annunciato due sviluppi significativi. In primo luogo, l'azienda ha nominato James R. Batten e Amy L. Reasner nel suo Consiglio di Amministrazione, ampliandolo da 11 a 13 membri. Entrambi i nuovi direttori apportano preziosa esperienza e forti legami con i mercati serviti da QCR Holdings.
In secondo luogo, l'azienda ha dichiarato un dividendo in contante di $0.06 per azione, pagabile il 2 ottobre 2024, agli azionisti registrati al 13 settembre 2024. Questa comunicazione dimostra l'impegno dell'azienda a restituire valore ai propri azionisti.
Le nomine e la dichiarazione del dividendo sono state rese effettive il 21 agosto 2024, segnando una mossa strategica per rafforzare la leadership dell'azienda e mantenere la fiducia degli investitori.
QCR Holdings, Inc. (NASDAQ: QCRH) ha anunciado dos desarrollos significativos. En primer lugar, la compañía ha nombrado a James R. Batten y Amy L. Reasner en su Junta Directiva, ampliando su número de miembros de 11 a 13. Ambos nuevos directores aportan una valiosa experiencia y fuertes lazos con los mercados que sirve QCR Holdings.
En segundo lugar, la compañía ha declarado un dividendo en efectivo de $0.06 por acción, pagadero el 2 de octubre de 2024, a los accionistas registrados hasta el 13 de septiembre de 2024. Este anuncio demuestra el compromiso de la empresa de devolver valor a sus accionistas.
Los nombramientos y la declaración del dividendo entraron en vigor el 21 de agosto de 2024, señalando un movimiento estratégico para fortalecer la dirección de la compañía y mantener la confianza de los inversores.
QCR Holdings, Inc. (NASDAQ: QCRH)는 두 가지 중요한 발전을 발표했습니다. 첫째, 회사는 James R. Batten과 Amy L. Reasner를 이사회에 임명하여 회원 수를 11명에서 13명으로 확대했습니다. 두 신임 이사는 QCR Holdings가 서비스하는 시장과의 강력한 연결고리와 귀중한 전문성을 제공합니다.
둘째, 회사는 주당 $0.06의 현금 배당금을 선언했으며, 2024년 10월 2일에 2024년 9월 13일 기준 주주에게 지급될 예정입니다. 이 발표는 주주에게 가치를 환원하겠다는 회사의 의지를 보여줍니다.
임명 및 배당금 선언은 2024년 8월 21일부터 효력이 발생하여 회사의 리더십을 강화하고 투자자의 신뢰를 유지하는 전략적 조치를 시사합니다.
QCR Holdings, Inc. (NASDAQ: QCRH) a annoncé deux développements significatifs. Premièrement, la société a nommé James R. Batten et Amy L. Reasner à son Conseil d'Administration, portant le nombre de membres de 11 à 13. Ces deux nouveaux administrateurs apportent une expertise précieuse et des liens solides avec les marchés desservis par QCR Holdings.
Deuxièmement, la société a déclaré un dividende en espèces de 0,06 $ par action, payable le 2 octobre 2024, aux actionnaires enregistrés au 13 septembre 2024. Cette annonce démontre l'engagement de l'entreprise à rendre de la valeur à ses actionnaires.
Les nominations et la déclaration de dividende ont pris effet le 21 août 2024, signalant un mouvement stratégique pour renforcer le leadership de l'entreprise et maintenir la confiance des investisseurs.
QCR Holdings, Inc. (NASDAQ: QCRH) hat zwei bedeutende Entwicklungen bekannt gegeben. Erstens hat das Unternehmen James R. Batten und Amy L. Reasner in seinen Vorstand berufen und ihn von 11 auf 13 Mitglieder erweitert. Beide neuen Direktoren bringen wertvolle Fachkenntnisse und enge Verbindungen zu den Märkten mit, die von QCR Holdings bedient werden.
Zweitens hat das Unternehmen eine Barausschüttung von $0.06 pro Aktie erklärt, die am 2. Oktober 2024 an die zum 13. September 2024 registrierten Aktionäre ausgezahlt wird. Diese Ankündigung zeigt das Engagement des Unternehmens, seinen Aktionären Wert zurückzugeben.
Die Ernennungen und die Dividendenankündigung wurden am 21. August 2024 wirksam, was einen strategischen Schritt signalisiert, um die Unternehmensführung zu stärken und das Vertrauen der Investoren zu wahren.
- Expansion of Board of Directors from 11 to 13 members, potentially bringing new perspectives and expertise
- Declaration of a cash dividend of $0.06 per share, providing income for shareholders
- Appointment of directors with strong ties to markets served by QCR Holdings, potentially enhancing market understanding and relationships
- None.
Insights
The appointment of two new directors to QCR Holdings' board is a neutral development for investors. While it expands the board's expertise, it doesn't directly impact the company's financial performance. The cash dividend of
The appointment of Amy L. Reasner to QCR Holdings' board brings valuable legal expertise, particularly in labor and employment law. Her experience with internal investigations and representing diverse clients could enhance the company's risk management and governance practices. This addition may strengthen QCR's position in navigating complex regulatory environments in the banking sector. However, the immediate impact on shareholder value is likely minimal. The real test will be how her expertise translates into improved corporate governance and risk mitigation strategies over time, potentially reducing legal exposures and associated costs for the company.
MOLINE, Ill., Aug. 23, 2024 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced the appointment of James R. Batten and Amy L. Reasner to the Company’s Board of Directors, increasing the Board from 11 to 13 members. The appointments were effective August 21, 2024.
“Both Jim and Amy bring a strong background and expertise that complements the composition and experience of our board,” said Larry Helling, Chief Executive Officer. “They also have deep commitments and close ties to the markets that we serve.”
Mr. Batten currently serves as Chair of the Board of Directors of Guaranty Bank and previously served as Chair of the Board of Directors of Guaranty Federated Bancshares, Inc., prior to its acquisition by QCR Holdings. He currently serves as President of H2D2, LLC, a family office. His past positions include Chief Financial Officer for International Dehydrated Foods, a privately-held ingredients manufacturer for the food industry, and O’Reilly Automotive, Inc., a publicly traded auto parts retailer headquartered in Springfield, Missouri. Among his numerous community roles, Batten is a member of the boards of AG Financial Solutions and Foundation Capital Resources and previously served on the boards of the Springfield Area Chamber of Commerce, Big Brothers Big Sisters of the Ozarks, and New Covenant Academy.
Ms. Reasner currently serves on the Board of Directors of Cedar Rapids Bank and Trust Company. She currently serves as President for Lynch Dallas, P.C., a general practice law firm located in Cedar Rapids, Iowa. Ms. Reasner’s general practice includes labor and employment law, insurance defense, and internal investigations, representing a wide range of clients, including insurance companies, businesses, municipalities, and school districts. She is the former Chair of the Iowa Department of Transportation, a former Board Member of the Iowa Finance Authority, and current Vice President of Willis Dady Homeless Services, among several other community roles.
Additionally, on August 21, 2024, the Company’s Board of Directors declared a cash dividend of
About Us
QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank in 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. Quad City Bank & Trust Company offers equipment loans and leases to businesses through its wholly owned subsidiary, m2 Equipment Finance, LLC, based in Waukesha, Wisconsin, and also provides correspondent banking services. The Company has 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of June 30, 2024, the Company had
Contact:
Todd A. Gipple
President
Chief Financial Officer
(309) 743-7745
tgipple@qcrh.com
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