SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


Date of Report                                                  October 23, 2006
(Date of earliest event reported)

                               QCR Holdings, Inc.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

                                    Delaware
                 (State or other jurisdiction of incorporation)

        0-22208                                          42-1397595
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(Commission File Number)                 (I.R.S. Employer Identification Number)

3551 Seventh Street, Suite 204, Moline, Illinois                           61265
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   (Address of principal executive offices)                           (Zip Code)

                                 (309) 736-3580
              ----------------------------------------------------
              (Registrant's telephone number, including area code)

                                 Not Applicable
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):

     ----- Written communications  pursuant to Rule 425 under the Securities Act
           (17 CFR 230.425)

     ----- Soliciting  material  pursuant to Rule 14a-12  under the Exchange Act
           (17 CFR 240.14a-12)

     ----- Pre-commencement  communications  pursuant to Rule 14d-2(b) under the
           Exchange Act (17 CFR 240.14d-2(b))

     ----- Pre-commencement  communications  pursuant to Rule 13e-4(c) under the
           Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events

On October 23, 2006, QCR Holdings announced that it has entered into a series of
agreements that will result in the addition of a Wisconsin-chartered bank to the
Company's  current family of community  banks. The new bank, which will be known
after the  acquisition as "First  Wisconsin  Bank and Trust  Company," will be a
wholly owned  subsidiary of QCR Holdings  with one office  located at 1133 Quail
Court, Suite 100, in Pewaukee, Wisconsin.

The press release is attached hereto as an exhibit to the Current Report on Form
8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

          (c) Exhibits.

              99.1     Press Release dated October 23, 2006



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                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                                    QCR HOLDINGS, INC.


Dated:  October 23, 2006                    By:     /s/ Todd A. Gipple
        ---------------------                       ----------------------------
                                                    Todd A. Gipple
                                                    Executive Vice President
                                                    and Chief Financial Officer


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