8-K

                      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



                              APRIL 5, 2000
                             (Date of report)


                          QUAD CITY HOLDINGS, INC.
            (Exact name of registrant as specified in its charter)




                                 DELAWARE
                      (State or other jurisdiction
                            of incorporation)

0-22208                                                          42-1397595
(Commission                                                    (IRS Employer
File Number)                                                Identification No.)


                             3551-7TH STREET
                         MOLINE, ILLINOIS 61265
           (Address of principal executive offices)(Zip Code)


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



ITEM 5.  OTHER EVENTS

     On March 29, 2000, the board of directors of Quad City Holdings, Inc.
(the "Registrant"), approved a plan to repurchase up to 60,000 shares of the
Registrant's common stock.  A copy of the press release distributed by the
Registrant regarding the stock repurchase plan is attached hereto as Exhibit
99.1.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

     (a)  FINANCIAL STATEMENTS OF BUSINESS ACQUIRED.

          None.

     (b)  PRO FORMA FINANCIAL INFORMATION.

          None.

     (c)  EXHIBITS.

          99.1  Press Release dated April 5, 2000



                                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.

                                          QUAD CITY HOLDINGS, INC.,
                                          a Delaware corporation

                                          By: /s/ Douglas M. Hultquist
                                              ------------------------
Date: April 5, 2000                           Douglas M. Hultquist
                                              President

EX-99.1

                                                                   EXHIBIT 99.1
                         QUAD CITY HOLDINGS, INC.
                             3551 7TH STREET
                          MOLINE, ILLINOIS 61265


APRIL 5, 2000

                                                  FOR MORE INFORMATION CONTACT:

                                               DOUG HULTQUIST AT (309) 736-3580

                                                   MIKE BAUER AT (319) 344-0600

                                                  TODD GIPPLE AT (309) 736-3580

FOR IMMEDIATE RELEASE



          QUAD CITY HOLDINGS, INC. ANNOUNCES STOCK REPURCHASE PROGRAM


     MOLINE, ILLINOIS - Douglas Hultquist, the President and Chief Executive
Officer of Quad City Holdings, Inc. (Nasdaq: QCHI), the holding company for
Quad City Bank and Trust Company, announced today that the Company's board of
directors approved a stock repurchase program enabling the Company to
repurchase up to 60,000 shares of its outstanding stock.  It is anticipated
that these purchases will be made in the open market and/or through privately
negotiated transactions.  As of March 31, 2000 there were approximately
2,325,000 shares of common stock outstanding.

     "The Company's board of directors continues to believe that the
Company's stock is undervalued by the market and the board decided to take
advantage of this opportunity to capture some of this value for our
continuing stockholders," Mr. Hultquist explained.

     Quad City Holdings, Inc. is a community based banking organization which
serves the Quad City area with locations in Bettendorf and Davenport, Iowa
and Moline, Illinois.