MOLINE, Ill., Oct. 30 /PRNewswire-FirstCall/ -- QCR Holdings, Inc.
(Nasdaq: QCRH) today announced that on October 26, 2006 the Company's board of
directors declared a cash dividend of $0.04 per share payable on January 5,
2007, to stockholders of record on December 22, 2006.
QCR Holdings, Inc., headquartered in Moline, Illinois, is a multi-bank
holding company, which serves the Quad City, Cedar Rapids, Rockford and
Milwaukee communities through its wholly owned subsidiary banks. Quad City
Bank and Trust Company, which is based in Bettendorf, Iowa and commenced
operations in 1994, Cedar Rapids Bank and Trust Company, which is based in
Cedar Rapids, Iowa and commenced operations in 2001, and Rockford Bank and
Trust Company, which is based in Rockford, Illinois and commenced operations
in 2005, provide full-service commercial and consumer banking and trust and
asset management services. The Company also engages in credit card processing
through its wholly owned subsidiary, Quad City Bancard, Inc., based in Moline,
Illinois and commercial leasing through its 80% owned subsidiary, M2 Lease
Funds, LLC, based in Milwaukee, Wisconsin.
Special Note Concerning Forward-Looking Statements. This document
contains, and future oral and written statements of the Company and its
management may contain, forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 with respect to the financial
condition, results of operations, plans, objectives, future performance and
business of the Company. Forward-looking statements, which may be based upon
beliefs, expectations and assumptions of the Company's management and on
information currently available to management, are generally identifiable by
the use of words such as "believe," "expect," "anticipate," "predict,"
"suggest," "appear," "plan," "intend," "estimate," "annualize," "may," "will,"
"would," "could," "should" or other similar expressions. Additionally, all
statements in this document, including forward-looking statements, speak only
as of the date they are made, and the Company undertakes no obligation to
update any statement in light of new information or future events.
A number of factors, many of which are beyond the ability of the Company
to control or predict, could cause actual results to differ materially from
those in its forward-looking statements. These factors include, among others,
the following: (i) the strength of the local and national economy; (ii) the
economic impact of any future terrorist threats and attacks, and the response
of the United States to any such threats and attacks; (iii) changes in state
and federal laws, regulations and governmental policies concerning the
Company's general business; (iv) changes in interest rates and prepayment
rates of the Company's assets; (v) increased competition in the financial
services sector and the inability to attract new customers; (vi) changes in
technology and the ability to develop and maintain secure and reliable
electronic systems; (vii) the loss of key executives or employees; (viii)
changes in consumer spending; (ix) unexpected results of our strategy to
establish denovo banks in new markets; (x) unexpected outcomes of existing or
new litigation involving the Company; and (xi) changes in accounting policies
and practices. These risks and uncertainties should be considered in
evaluating forward-looking statements and undue reliance should not be placed
on such statements. Additional information concerning the Company and its
business, including additional factors that could materially affect the
Company's financial results, is included in the Company's filings with the
Securities and Exchange Commission.
Contact:
Todd A. Gipple
Executive Vice President
Chief Financial Officer
(309) 743-7745
SOURCE QCR Holdings, Inc.
Contact: Todd A. Gipple, Executive Vice President, Chief Financial Officer, of QCR Holdings, Inc., +1-309-743-7745