March 23, 2017
QCR Holdings, Inc. to Purchase CSB
Tuesday, May 24, 2016
QCR Holdings, Inc. announced Monday, May 23, it has proposed to buy Ankeny-based Community State Bank from Van Diest Investment Co.
The deal still requires regulatory approval but is expected to close in the fall.
Based in Moline, Ill., QCR holdings owns multiple banks, including Quad City Bank & Trust, Cedar Rapids Bank & Trust and Rockford Bank & Trust.
QCR CEO Douglas Hultquist said in a statement the holding company "plans to operate (Community State Bank) as a separate bank charter and maintain its local focus and decision-making."