QCR Holdings Receives Regulatory Approval for Acquisition of Guaranty Federal Bancshares
MAR 24, 2022 - 6:09 am
QCR Holdings received all of the regulatory approvals required to complete its previously announced acquisition of Guaranty Federal Bancshares through the merger of Guaranty with and into QCR Holdings, pursuant to the terms of the agreement and plan of merger, dated Nov. 9, 2021, between QCR Holdings and Guaranty.
The merger remains subject to the satisfaction of other customary closing conditions and is expected to close on April 1.
“We are extremely pleased to have received the regulatory approvals required to complete the proposed acquisition with Guaranty, another significant milestone towards closing this transaction,” Larry Helling, CEO of QCR Holdings, said. “We look forward to welcoming the Guaranty team to the QCR family and to continuing to grow our presence in the attractive southwest Missouri region.”
QCR Holdings is a multi-bank holding company headquartered in Moline, IL, that operates through its wholly-owned subsidiary banks, including Quad City Bank & Trust Company, which offers equipment loans and leases to businesses through its wholly-owned subsidiary, m2 Equipment Finance.
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