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BRIEF-QCR Holdings plans to acquire Guaranty Bank and Trust Company from Guaranty Bankshares
June 8, 2017 / 8:59 PM / 2 months ago

BRIEF-QCR Holdings plans to acquire Guaranty Bank and Trust Company from Guaranty Bankshares

June 8 (Reuters) - QCR Holdings Inc:

* QCR Holdings, Inc. announces plans to acquire Guaranty Bank and Trust Company from Guaranty Bankshares, Ltd.

* QCR Holdings Inc - Guaranty Bank has 5 banking locations and approximately $267 million in assets and approximately $213 million in deposits as of March 31, 2017

* QCR Holdings Inc - projected deal value at closing of transaction is approximately $44.2 million

* QCR Holdings Inc - agreement to acquire guaranty bank and trust company from guaranty bankshares

* QCR Holdings Inc - co to acquire 100 pct of Guaranty's outstanding common stock,certain other assets of guaranty for total 79 pct co common stock and 21 pct cash Source text for Eikon: Further company coverage:

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