QCR Holdings has agreed to sell three branches operated by its Cedar Rapids Bank & Trust subsidiary under the Community Bank & Trust name to BankIowa. The deal covers two locations in Waterloo and one in Cedar Falls, Iowa, and includes related deposits, loans and some wealth-management relationships.
QCR says the sale is part of an effort to focus resources on markets with greater long-term growth potential. The transaction is not expected to produce a material gain or loss and is targeted to close in the first quarter of 2027.
- Business and accounts involved: As of September 30, 2026, the branches had about $140 million in deposits and $29 million in loans. Certain wealth-management relationships are also expected to move to BankIowa, representing about $153 million in assets under management.
- Timing and conditions: The sale remains subject to regulatory approvals and customary closing conditions. Customers will continue to be served at their existing branch locations until the transaction closes and will receive information about account and service transitions beforehand.
- Customer and employee transition: BankIowa says it is looking forward to welcoming the customers and employees. QCR says it intends to support a smooth transition.
- Strategic rationale: QCR says the sale will help it allocate resources toward markets where it sees stronger long-term growth opportunities. BankIowa says the acquisition will strengthen its presence in the Cedar Valley.
What changes: If completed, BankIowa will take over the specified branch-related deposits and loans, along with certain wealth-management relationships. QCR expects no material gain or loss from the transaction; the announcement does not provide a purchase price.