Cedar Rapids, Iowa

QCR Holdings, Inc. Announces a Cash Dividend of $0.06 Per Share

Retrieved on: 
Thursday, February 18, 2021
Moline, Illinois, QCR Holdings, Geography of Iowa, Regions of the United States, Geography of the United States, Cedar Rapids, Iowa, IOWA, Bank

QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly-owned subsidiary banks.

Key Points: 
  • QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly-owned subsidiary banks.
  • The banks provide full-service commercial and consumer banking and trust and wealth management services.
  • Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company.
  • As of December 31, 2020, the Company had approximately $5.7 billion in assets, $4.3 billion in loans and $4.6 billion in deposits.

Central State Bank goes live on Finastra's Fusion Phoenix core

Retrieved on: 
Wednesday, December 16, 2020
Companies, Geography of Iowa, Finastra, Finance, Cedar Rapids, Iowa, CBI Bank & Trust, Phoenix, Arizona, ING Group

LAKE MARY, Fla., Dec. 16, 2020 /PRNewswire/ -- Finastra today announced that Central State Bank, serving the Iowa City-Cedar Rapids Corridor and Northeast Iowa, has upgraded their Finastra core to the latest Fusion Phoenix offering.

Key Points: 
  • LAKE MARY, Fla., Dec. 16, 2020 /PRNewswire/ -- Finastra today announced that Central State Bank, serving the Iowa City-Cedar Rapids Corridor and Northeast Iowa, has upgraded their Finastra core to the latest Fusion Phoenix offering.
  • With Fusion Phoenix, the bank will enjoy seamless integration with its other Finastra-provided banking solutions, which include Fusion CreditQuest, Fusion LaserPro, and Fusion Digital Banking.
  • "We chose Finastra's Fusion Phoenix core, in part because we recognize the value of having a fully integrated, cohesively designed suite of banking products," said Neil Havlik, Executive Vice President and Chief Financial Officer, Central State Bank.
  • "Finastra was honored that Central State Bank selected Fusion Phoenix for its core upgrade," said Chris Zingo, SVP and GM of Americas Field Operations, Finastra.

Interstate Power and Light Company declares preferred stock dividend

Retrieved on: 
Tuesday, November 10, 2020
Alliant Energy, Alliant, IPL, Cedar Rapids, Iowa, United States, IOWA

CEDAR RAPIDS, Iowa, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Alliant Energys Iowa utility, Interstate Power and Light Company (IPL), has declared dividends for its preferred stock (NASDAQ: IPLDP) shareowners of record on November 30, 2020.

Key Points: 
  • CEDAR RAPIDS, Iowa, Nov. 10, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of Alliant Energys Iowa utility, Interstate Power and Light Company (IPL), has declared dividends for its preferred stock (NASDAQ: IPLDP) shareowners of record on November 30, 2020.
  • Alliant Energys mission is to deliver the energy solutions and exceptional service customers and communities count on safely, efficiently and responsibly.
  • Interstate Power and Light Company and Wisconsin Power and Light Company are Alliant Energys two public utility subsidiaries.
  • Alliant Energy Corporation is a component of the S&P 500.

May River Capital Appoints Brad Sterner as CEO of Advanced Material Processing; Transacts New Sale-Leaseback Unlocking Significant Value for Portfolio Company Marion Process Solutions

Retrieved on: 
Monday, November 9, 2020
Sterner, Leaseback, Cedar Rapids, Iowa, IOWA, States of the United States

Mr. Sterner was previously Executive Chairman of AMP, whichconsists of Kason Corporation and Marion Process Solutions .

Key Points: 
  • Mr. Sterner was previously Executive Chairman of AMP, whichconsists of Kason Corporation and Marion Process Solutions .
  • Brad Sterner has been a terrific partner to May River for many years and he has deep experience in the highly fragmented material processing equipment sector.
  • "It has been incredible to witness the talented AMP team in action, strengthening our industry leadership during this pandemic," commented Sterner.
  • In addition to appointing Sterner CEO, AMP recently executed a sale-leaseback transaction at its Marion facility near Cedar Rapids, Iowa.

QCR Holdings, Inc. Announces a Cash Dividend of $0.06 Per Share

Retrieved on: 
Friday, November 6, 2020
Moline, Illinois, QCR Holdings, Regions of the United States, Geography of Iowa, Cedar Rapids, Iowa, IOWA, Dubuque Bank and Trust

MOLINE, Ill., Nov. 06, 2020 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that on November 5, 2020 the Companys board of directors declared a cash dividend of $0.06 per share payable on January 6, 2021, to holders of common stock of the Company of record on December 18, 2020.

Key Points: 
  • MOLINE, Ill., Nov. 06, 2020 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that on November 5, 2020 the Companys board of directors declared a cash dividend of $0.06 per share payable on January 6, 2021, to holders of common stock of the Company of record on December 18, 2020.
  • QCR 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, Iowa community throughCommunity Bank & Trust, a division ofCedar Rapids Bank & Trust Company.Quad City Bank & Trust Companyengages in commercial leasing through its wholly-owned subsidiary, m2Lease Funds, 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.

BAE Systems Announces Modern Aerospace and Defense Facility Development Project in Cedar Rapids

Retrieved on: 
Thursday, November 5, 2020
Defense, Other Defense, Contracts, Engineering, Technology, Aerospace, Manufacturing, Other Technology, Geography of Iowa, Cedar Rapids, Iowa metropolitan area, Regions of the United States, Cedar Rapids, Iowa, IOWA, BAE Systems, Iowa flood

BAE Systems is investing more than $100 million to build a state-of-the-art facility in Cedar Rapids, Iowa.

Key Points: 
  • BAE Systems is investing more than $100 million to build a state-of-the-art facility in Cedar Rapids, Iowa.
  • View the full release here: https://www.businesswire.com/news/home/20201105005060/en/
    BAE Systems is investing more than $100 million to build a state-of-the-art facility in Cedar Rapids, Iowa to support its newly acquired Navigation & Sensor Systems business.
  • Were excited that BAE Systems has chosen to locate its new facility in Cedar Rapids and look forward to working with them on the project, said Mayor Brad Hart.
  • BAE Systems is a first-class company, and were thrilled they chose Iowa and Cedar Rapids for this beautiful new facility, said Debi Durham, director of the Iowa Economic Development Authority.

United Fire Group, Inc. Reports Estimates for Third Quarter 2020 Results

Retrieved on: 
Thursday, October 29, 2020
Meteorological phenomena, Meteorology, Actuarial science, Reinsurance, Derecho, Cedar Rapids, Iowa, Insurance

CEDAR RAPIDS, Iowa, Oct. 29, 2020 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that the third quarter 2020 results include pre-tax catastrophe losses of $55.4 million.

Key Points: 
  • CEDAR RAPIDS, Iowa, Oct. 29, 2020 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (the "Company" or "UFG") (Nasdaq: UFCS) announced today that the third quarter 2020 results include pre-tax catastrophe losses of $55.4 million.
  • Our 10-year historical average for the third quarter is 8.9 percentage points of the GAAP combined ratio.
  • The August Midwest derecho was a full retention loss, with losses in excess of our stated reinsurance retention of $20.0 million.
  • United Fire Group, Inc. will report third quarter 2020 earnings before the market opens on November 4, 2020, and will host a conference call to discuss its financial results at 9:00 a.m. Central Time on that date.

Sun shines bright in Alliant Energy’s Iowa Clean Energy Blueprint

Retrieved on: 
Thursday, October 29, 2020
LNT, Alliant Energy, Alliant, Cedar Rapids, Iowa, IOWA, States of the United States, Midwestern United States

CEDAR RAPIDS, Iowa, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Today, Alliant Energy (NASDAQ: LNT) introduces the Clean Energy Blueprint for Iowa, a path for accelerating their transition to cleaner energy for customers.

Key Points: 
  • CEDAR RAPIDS, Iowa, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Today, Alliant Energy (NASDAQ: LNT) introduces the Clean Energy Blueprint for Iowa, a path for accelerating their transition to cleaner energy for customers.
  • The Clean Energy Blueprint is part of the companys Powering Whats Next plan, which is guided by their Clean Energy Vision and purpose-driven strategy to serve customers and build stronger communities.
  • We continue to lead the way toward a clean energy future for our customers, said Alliant Energy Chairman, President and CEO John Larsen.
  • Alliant Energys Iowa Clean Energy Blueprint from solar power to battery storage and smart thermostats demonstrates a commitment to the companys values to Do the right thing and Care for others.

United Fire Group, Inc. Announces Its 2020 Third Quarter Earnings Call

Retrieved on: 
Wednesday, October 14, 2020
Finance, Financial markets, Corporate finance, Earnings call, Stock market, Teleconferencing, NASDAQ, Cedar Rapids, Iowa, Money

CEDAR RAPIDS, Iowa, Oct. 14, 2020 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2020 third quarter earnings results will be released before the market opens on November 4, 2020.

Key Points: 
  • CEDAR RAPIDS, Iowa, Oct. 14, 2020 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (Nasdaq: UFCS) (the "Company", "UFG", "we", or "our") announced today that its 2020 third quarter earnings results will be released before the market opens on November 4, 2020.
  • An earnings call will be held at 9:00 a.m. central time on that date to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company's 2020 third quarter results.
  • The event will be archived and available for digital replay through November 18, 2020.
  • A.M. Best Company assigns a rating of "A" (Excellent) for members of the United Fire & Casualty Group.

QCR Holdings, Inc. Completes Private Placement of Subordinated Notes

Retrieved on: 
Monday, September 14, 2020
Geography of Iowa, Regions of the United States, Waterloo – Cedar Falls metropolitan area, Moline, Illinois, QCR Holdings, Cedar Rapids, Iowa, IOWA, Quad Cities

MOLINE, Ill., Sept. 14, 2020 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that it has completed a private placement of $50.0million in aggregate principal amount of 5.125% Fixed-to-Floating Rate Subordinated Notes due 2030 (the Notes).

Key Points: 
  • MOLINE, Ill., Sept. 14, 2020 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) today announced that it has completed a private placement of $50.0million in aggregate principal amount of 5.125% Fixed-to-Floating Rate Subordinated Notes due 2030 (the Notes).
  • QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Springfield communities through its wholly-owned subsidiary banks.
  • Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company.
  • As of June 30, 2020, the Company had approximately $5.6 billion in assets, $4.1 billion in loans and $4.3 billion in deposits.