QCR Holdings, Inc. Announces Closing of First Two Securitizations by Cedar Rapids Bank & Trust
MOLINE, Ill., Dec. 12, 2023 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ:QCRH) (the “Company”) today announced the successful closing of two securitizations with a total of $265 million of low-income housing tax credit (“LIHTC”) loans sold by Cedar Rapids Bank & Trust, a wholly-owned subsidiary of the Company. The first securitization consisted of $130 million of tax-exempt LIHTC loans and was part of the Freddie Mac-sponsored M-Series. The second securitization consisted of $135 million of taxable LIHTC loans and was part of the Freddie Mac-sponsored Q-Series. Both transactions were designated as Social Bonds by Freddie Mac.
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