QCR Holdings ( (QCRH) ) has issued an update.
On February 24, 2025, QCR Holdings announced the retirement of CEO Larry J. Helling, effective immediately after the annual stockholders’ meeting on May 22, 2025. Todd A. Gipple, currently the President and CFO, will assume the role of CEO, while Nick W. Anderson will become the CFO. This transition is part of a planned succession, with Mr. Helling continuing as a Special Advisor for 18 months post-retirement. The company has also entered into new employment agreements with Gipple and Anderson, including performance-based incentives and severance benefits, ensuring a smooth leadership transition and continued focus on community banking and financial performance.
More about QCR Holdings
QCR Holdings, Inc., headquartered in Moline, Illinois, is a multi-bank holding company that operates in the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its subsidiary banks. The company offers full-service commercial and consumer banking, trust, and wealth management services. It has 36 locations across Iowa, Missouri, Wisconsin, and Illinois, with assets totaling $9.0 billion as of December 31, 2024.
YTD Price Performance: -3.39%
Average Trading Volume: 79,496
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.29B
Learn more about QCRH stock on TipRanks’ Stock Analysis page.