GlobeNewswire Inc | Jan 19, 2021 10:00AM EST

January 19, 2021

MOLINE, Ill., Jan. 19, 2021 (GLOBE NEWSWIRE) -- QCR Holdings, Inc.(NASDAQ: QCRH) announced today that longtime SFC Bank CEO Rob Fulp is retiring and that current SFC Bank President Monte McNew has also been named CEO. Fulp retires from SFC after nine years with the company.

Rob has been a large part of SFCs success over the years and we wish him the best in retirement, said QCRH CEO Larry Helling. Monte steps in as president and CEO at a time when the bank is performing very well and in a strong position for future growth in the area. Under his leadership, we know our clients will continue to experience the exceptional service theyve come to expect at SFC.

McNew has served as president at SFC since 2014. In that time, he led significant growth in commercial and residential lending at the bank. In addition, he was responsible for managing the banks Credit Department.

I am humbled and proud to lead such a dedicated and professional team, said SFC President and CEO Monte McNew. As a member of the Springfield community my whole life, taking care of our clients and supporting our community is a responsibility Im passionate about. I look forward to building on the strong foundation weve established over the years.

In addition to his role at SFC Bank, McNew also serves on the banks Board of Directors and is very active in the community. He currently serves as a board member for Lost & Found Grief Center, Hickory Hills Country Club and Care to Learn. Monte received his bachelor's in finance and MBA from Missouri State University.

About UsQCR Holdings, Inc., headquartered inMoline,Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities,Cedar Rapids,Cedar Valley,Des Moines/Ankeny, andSpringfieldcommunities 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 inBettendorf,Iowa, commenced operations in 1994,Cedar Rapids Bank &Trust Company, based inCedar Rapids,Iowa, commenced operations in 2001,Community State Bank, based inAnkeny,Iowa, was acquired by the Company in 2016, andSpringfield First Community Bank, based inSpringfield,Missouri, was acquired by the Company in 2018.Additionally, the Company serves theWaterloo/Cedar Falls, Iowacommunity throughCommunity Bank & Trust, a division ofCedar Rapids Bank & Trust Company.Quad City Bank & Trust Companyengages in commercial leasing through its wholly-owned subsidiary, m2Equipment Finance LLC, based inMilwaukee,Wisconsin, and also provides correspondent banking services.The Company has 24 locations inIowa,Missouri,WisconsinandIllinois.As of September 30, 2020, the Company had approximately $5.9 billion in assets, $4.2 billion in loans and $4.7 billion in deposits.For additional information, please visit the Companys website atwww.qcrh.com.

Contacts:

Todd A. Gipple Kim K. GarrettPresident Vice President,Chief Operating Officer Corporate CommunicationsChief Financial Officer Investor Relations Manager(309) 743-7745 (319) 743-7006tgipple@qcrh.com kgarrett@qcrh.com