PROXY                        QUAD CITY HOLDINGS, INC.                      PROXY
                  Proxy is Solicited By the Board of Directors
            For the Annual Meeting of Stockholders - October 24, 2001

         The undersigned hereby appoints Michael A. Bauer, James J. Brownson and
Douglas M. Hultquist,  or any of them acting in the absence of the others,  with
power of substitution,  attorneys and proxies,  for and in the name and place of
the  undersigned,  to vote  the  number  of  shares  of  common  stock  that the
undersigned  would be entitled to vote if then personally  present at the annual
meeting of stockholders  of Quad City Holdings,  Inc., to be held at The Mark of
the Quad Cities, 1201 River Drive, Moline, Illinois 61201, on Wednesday, October
24, 2001, at 10:00 a.m., local time, or any adjournments or postponements of the
meeting,  upon the matters  set forth in the notice of annual  meeting and proxy
statement (receipt of which is hereby acknowledged) as designated on the reverse
side,  and in their  discretion,  the proxies are  authorized  to vote upon such
other business as may come before the meeting.

____  Check here for address change.    ____   Check here if you plan to attend
                                               the meeting.

New Address:

______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________




                  (Continued and to be signed on reverse side.)







1.  Nominees: Douglas M. Hultquist,        2. Approve an  Amendment  to
              John W. Schricker and           Article I of the Certificate of
              Larry J. Helling                Incorporation to change the name
                                              of the Company

Mark  "For" to  enroll  this  account  to
receive  certain  future  stockholder
communications  in a single package per
household.  Mark "Against" if you do not
want to participate.  You may revoke your
enrollment in the program at any time.
Please see the  accompanying  proxy
statement for more  information  about
this election

                                            This proxy when properly executed
                                            will be voted in the manner directed
                                            herein by the undersigned
                                            stockholder.  If no direction is
                                            made, this proxy will be voted FOR
                                            Proposals 1 and 2.

                                            Dated: _______________________, 2001

                                            Signatures:  _______________________
                                                         _______________________

                                            Please date proxy and sign it
                                            exactly as name appears hereon.
                                            Joint owners should each sign
                                            personally.  Executors, trustees,
                                            etc., should indicate their titles
                                            when signing.