QCR Holdings, Inc. Completes Private Placements of Subordinated Notes

Core Points - QCR Holdings, Inc. has completed private placements of $70 million in subordinated notes, consisting of $50 million in 6.875% Fixed-to-Floating Rate Subordinated Notes due September 2035 and $20 million in 7.225% Fixed-to-Floating Subordinated Notes due September 2037 [1][2][3] - The net proceeds from these placements will be used for general corporate purposes, including the redemption of previously announced subordinated notes [1][2] - The issuance supports the company's long-term growth strategy and reinforces its financial strength [2] Financial Details - The 2035 Notes will have a fixed interest rate of 6.875% for the first five years, transitioning to a floating rate thereafter, expected to be the three-month term SOFR plus 350 basis points [2] - The 2037 Notes will have a fixed interest rate of 7.225% for the first seven years, also transitioning to a floating rate, expected to be the three-month term SOFR plus 375 basis points [3] - The blended interest rate for the new issuances is below 7%, indicating a strong transaction [2] Company Overview - QCR Holdings, Inc. is a multi-bank holding company based in Moline, Illinois, serving various communities through its subsidiary banks [5] - As of June 30, 2025, the company reported $9.2 billion in assets, $6.8 billion in loans, and $7.3 billion in deposits [5]