QCR Holdings, Inc. (Nasdaq: QCRH) Completes Strategic Divestiture

Represented QCR Holdings, Inc. (Nasdaq: QCRH) in connection with the divestiture of its wholly-owned subsidiary, Rockford Bank and Trust Company, to Illinois Bank & Trust, a wholly-owned subsidiary of Heartland Financial USA, Inc. (Nasdaq: HTLF).

• Transaction Value: Approx. $59.1 million
• Announced: August 2019
• Closed: December 2019

Media Coverage

• https://www.bfkn.com/newsroom-news-477
• http://www.globallegalchronicle.com/heartland-financial-usa-inc-s-acquisition-of-the-operations-of-rockford-bank-and-trust-company
• https://www.spglobal.com/marketintelligence/en/news-insights/trending/4by7dlovzmbl1ztagvjllw2