What's the Deal?

Information courtesy of Sheshunoff & Co Investment Banking, S&P Global, Inc., and the Federal Reserve System-National Information Center. QCR HOLDINGS, INC., of Moline, III., gained access to a new market when it announced in April it would purchase the Springfield, Mo.-based Springfield Ban...

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Bibliographic Details
Published in:BankBeat 2018-09, Vol.203 (10), p.20-24
Main Author: Hilgert, Jacqueline Nasseff
Format: Article
Language:English
Subjects:
Bank acquisitions & mergers
Bank holding companies
Banking industry
Branch banking
Commercial credit
Corporate presidents
Credit unions
Mortgage companies
Presidents
Regional banks
Succession planning
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Summary:Information courtesy of Sheshunoff & Co Investment Banking, S&P Global, Inc., and the Federal Reserve System-National Information Center. QCR HOLDINGS, INC., of Moline, III., gained access to a new market when it announced in April it would purchase the Springfield, Mo.-based Springfield Bancshares, Inc., the holding company of Springfield First Community Bank. The deal is consistent with OCR's stated strategic plan to selectively acquire highperforming financial institutions in vibrant midsize metropolitan markets with a concentration of commercial clients. A few months later and 140 miles south, La Crosse, Wis.-based Marine Credit Union announced in April it planned to acquire 10 branches from Evansville, Ind.based Old National Bank.