April 18, 2018 / 1:12 PM / 3 months ago

BRIEF-Qcr Holdings Announces Plan To Enter The Springfield, Missouri Market By Merging With Springfield Bancshare

April 18 (Reuters) - QCR Holdings Inc:

* QCR HOLDINGS INC ANNOUNCES PLAN TO ENTER THE SPRINGFIELD, MISSOURI MARKET BY MERGING WITH SPRINGFIELD BANCSHARES INC

* QCR HOLDINGS - EXCLUDING ONE-TIME MERGER-RELATED EXPENSES, QCR HOLDINGS EXPECTS TRANSACTION TO BE ABOUT 8% ACCRETIVE TO EPS IN 2019

* QCR HOLDINGS INC - STOCKHOLDERS OF SPRINGFIELD BANCSHARES WILL RECEIVE 0.3060 SHARES OF QCR HOLDINGS COMMON STOCK AND $1.50 IN CASH

* QCR HOLDINGS INC - MERGER AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES

* QCR HOLDINGS INC - TRANSACTION IS VALUED AT APPROXIMATELY $86.7 MILLION

* QCR HOLDINGS INC - QCR HOLDINGS WILL CONTINUE TO OPERATE SFC BANK RETAINING ITS SEPARATE CHARTER AND BRAND WITHIN SPRINGFIELD, MISSOURI MARKET Source text for Eikon: Further company coverage:

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