QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced
that Chief Information Officer (“CIO”), Reba Winter, has been
promoted to Chief Operating Officer (“COO”) of the Company.
“We are pleased to announce that we have promoted Reba Winter to
Chief Operating Officer of the Company,” said Larry J. Helling,
Chief Executive Officer. “In her prior role as Chief Information
Officer, Reba has led our Company through several very successful
projects, including the integration and conversion of our recent
acquisition of Guaranty Bank. Reba has also demonstrated a deep
understanding of the intersection of technology and operations and
their impact on how we serve our clients.”
In her new role, Ms. Winter will continue to report to Todd
Gipple, President and Chief Financial Officer of the Company.
“Reba’s promotion to COO is a reflection of her incredibly
strong performance as CIO and our desire to better align and
integrate our Technology and Operations teams,“ said Mr. Gipple.
“She will lead our newly created TechOps Group that combines our
Information Technology, Loan Operations, and Deposit Operations
units as we harness the synergy of expertise and knowledge this
combination creates. This alignment and Reba’s talent and
leadership will continue our focus on exceptional client service
while positioning us for further digitization through process
automation and new technologies.”
Prior to joining the Company in June 2019, Ms. Winter was the
Vice President of Enterprise Applications and User Experience at
Qualcomm, a global semiconductor company. Prior to Qualcomm, she
spent 26 years at Rockwell Collins in Cedar Rapids, with increasing
leadership responsibilities in technology and operations. She holds
a Bachelor of Arts, Chemistry from Coe College and a Master of
Business Administration from the University of Iowa.
About UsQCR 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 on April 1, 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 Milwaukee,
Wisconsin, and also provides correspondent banking services. The
Company has 36 locations in Iowa, Missouri, Wisconsin, and
Illinois. As of March 31, 2023, the Company had $8.0 billion in
assets, $6.2 billion in loans, and $6.5 billion in deposits. For
additional information, please visit the Company’s website at
www.qcrh.com.
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,” “bode”,
“predict,” “suggest,” “project”, “appear,” “plan,” “intend,”
“estimate,” ”annualize,” “may,” “will,” “would,” “could,” “should,”
“likely,” “might,” “potential,” “continue,” “annualized,” “target,”
“outlook,” as well as the negative forms of those words, 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, state, national and international economies(including
effects of inflationary pressures and supply chain constraints);
(ii) the economic impact of any future terrorist threats and
attacks, widespread disease or pandemics (including the COVID-19
pandemic in the United States), acts of war or other threats
thereof (including the Russian invasion of Ukraine), or other
adverse external events that could cause economic deterioration or
instability in credit markets, and the response of the local, state
and national governments to any such adverse external events;
(iii) changes in accounting policies and practices, as may be
adopted by state and federal regulatory agencies, the FASB or the
PCAOB; (iv) changes in local, state and federal laws,
regulations and governmental policies concerning the Company’s
general business and any changes in response to the recent failures
of other banks; (v) changes in interest rates and prepayment
rates of the Company’s assets (including the impact of LIBOR
phase-out); (vi) increased competition in the financial
services sector, including from non-bank competitors such as credit
unions and “fintech” companies, and the inability to attract new
customers; (vii) changes in technology and the ability to
develop and maintain secure and reliable electronic systems;
(viii) unexpected results of acquisitions, which may include
failure to realize the anticipated benefits of acquisitions and the
possibility that transaction costs may be greater than anticipated;
(ix) the loss of key executives or employees; (x) changes
in consumer spending; (xi) unexpected outcomes of existing or
new litigation involving the Company; (xii) the economic
impact of exceptional weather occurrences such as tornadoes, floods
and blizzards; (xiii) fluctuations in the value of securities
held in our securities portfolio; (xiv) concentrations within
our loan portfolio, large loans to certain borrowers, and large
deposits from certain clients; (xv) the concentration of large
deposits from certain clients who have balances above current FDIC
insurance limits and may withdraw deposits to diversity their
exposure; (xvi) the level of non-performing assets on our
balance sheets; (xvii) interruptions involving our information
technology and communications systems or third-party servicers;
(xviii) breaches or failures of our information security
controls or cybersecurity-related incidents, and (ix) the ability
of the Company to manage the risks associated with the foregoing as
well as anticipated. 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.
ContactTodd A. GipplePresident Chief Financial
Officer (309) 743-7745 tgipple@qcrh.com
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