QCR Holdings' Cedar Rapids Bank & Trust Company Subsidiary Agrees To Sell Its Community Bank & Trust Division To BankIowa; Financial Terms Not Disclosed

QCR Holdings, Inc. (NASDAQ:QCRH) (the "Company") today announced that its subsidiary, Cedar Rapids Bank & Trust Company, has entered into a definitive agreement with BankIowa, based in Cedar Rapids, Iowa, to sell its Community Bank & Trust division, which consists of three branch locations serving the Waterloo-Cedar Falls metropolitan area.

The transaction includes two branches located in Waterloo, Iowa, and one branch located in Cedar Falls, Iowa. The sale includes certain deposits and loans associated with the three branches, totaling approximately $140 million and $29 million, respectively, as of September 30, 2026. Certain wealth management relationships associated with customers in the market are also expected to transition as part of the transaction, representing approximately $153 million in assets under management as of September 30, 2026.