Press Release

                                                                        Contact:
                                                                  Todd A. Gipple
                                                        Executive Vice President
FOR IMMEDIATE RELEASE                                    Chief Financial Officer
May 5, 2005                                                       (309) 743-7745


             QCR HOLDINGS, INC. ANNOUNCES THE ISSUANCE OF $5,000,000
                          OF TRUST PREFERRED SECURITIES
                 AND RESULTS OF THE ANNUAL STOCKHOLDERS' MEETING


QCR Holdings,  Inc. (Nasdaq Smallcap/QCRH)  announced today the issuance of $5.0
million of Floating Rate Capital  Securities (the "Trust Preferred  Securities")
of QCR Holdings  Statutory  Trust IV (the  "Trust").  The  securities  represent
undivided  beneficial  interest  in the  Trust,  which  was  established  by QCR
Holdings,  Inc. for the purpose of issuing the Trust Preferred  Securities.  The
Trust  Preferred  Securities  were sold in a  private  transaction  exempt  from
registration  under the  Securities Act of 1933, as amended (the "Act") and have
not been registered under the Act. The securities may only be offered or sold in
the United States with appropriate  registration or an applicable exemption from
registration requirements.

The  securities  issued by the Trust  mature  in 30 years.  The Trust  Preferred
Securities are callable at par after five years. The Trust Preferred  Securities
have a  variable  rate  based  on  the  three-month  LIBOR,  reset  and  payable
quarterly,  plus 1.80%.  The Trust used the $5 million of proceeds from the sale
of the Trust Preferred Securities, in combination with $155,000 of proceeds from
its own equity, to purchase $5,155,000 of Junior Subordinated  Debentures of QCR
Holdings,  Inc.  The  Company  incurred  no  issuance  costs as a result of this
transaction.  The Company intends to use its net proceeds for general  corporate
purposes, including the possible paydown of its other borrowings.

The annual meeting of  stockholders  was held at The Lodge located at 900 Spruce
Hills Drive,  Bettendorf,  Iowa on  Wednesday,  May 4, 2005 at 10:00 a.m. At the
meeting, Patrick S. Baird, John K. Lawson and Ronald G. Peterson were re-elected
to serve as Class  III,  with  terms  expiring  in 2008.  Continuing  as Class I
directors, with terms expiring in 2006, are Michael A. Bauer, James J. Brownson,
and Henry Royer. Continuing as Class II directors,  with terms expiring in 2007,
are Larry J.  Helling,  Douglas M.  Hultquist  and Mark C. Kilmer.  Also, at the
meeting there was approval of the QCR Holdings 2005 Deferred Income Plan.

Special Note Concerning Forward-Looking Statements

This press  release  contains,  and future  oral and written  statements  of QCR
Holdings,  Inc. (the "Company") and its management may contain,  forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995 with respect to the  financial  condition,  results of  operations,  plans,
objectives,  future  performance  and business of the  Company.  Forward-looking
statements, which may be based upon beliefs, expectations and assumptions of the
Company's management and on information  currently available to management,  are
generally  identifiable  by the  use  of  words  such  as  "believe,"  "expect,"
"anticipate,"  "plan,"  "intend,"  "estimate,"  "may," "will," "would," "could,"
"should" or other  similar  expressions.  Additionally,  all  statements in this
press release, including forward-looking  statements,  speak only as of the date
they are made, and the Company  undertakes no obligation to update any statement
in light of new information or future events.

A number of  factors,  many of which are  beyond the  ability of the  Company to
control or predict,  could cause actual results to differ  materially from those
in its  forward-looking  statements.  These factors include,  among others,  the
following: (i) the strength of the local and national economy; (ii) the economic
impact of past and any future terrorist attacks,  acts of war or threats thereof
and the response of the United  States to any such  threats and  attacks;  (iii)
changes  in state  and  federal  laws,  regulations  and  governmental  policies
concerning the Company's  general  business;  (iv) changes in interest rates and
prepayment  rates of the  Company's  assets;  (v) increased  competition  in the
financial  services  sector and the  inability  to attract new  customers;  (vi)
changes  in  technology  and the  ability  to develop  and  maintain  secure and
reliable  electronic  systems;  (vii) the loss of key  executives  or employees;
(viii) changes in consumer  spending;  (ix) unexpected  results of acquisitions;
(x) unexpected outcomes of existing or new litigation involving the Company; and
(xi) changes in accounting policies and practices. These risks and uncertainties
should be considered in evaluating forward-looking statements and undue reliance
should not be placed on such statements.  Additional  information concerning the
Company and its business,  including  additional  factors that could  materially
affect the Company's  financial  results,  is included in the Company's  filings
with the Securities and Exchange Commission.


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