QCR Holdings, Inc.’s $6 Million Acquisision of Bates Companies


Piper Jaffray & Co. served as financial advisor to QCR Holdings, Inc. and Barack Ferrazzano Kirschbaum & Nagelberg LLP served as legal counsel. DeWitt Ross & Stevens S.C. served as legal counsel to the Bates Companies.

QCR Holdings, Inc. (QCRH) signed a definitive agreements to acquire Bates Financial Advisors, Inc., Bates Financial Services, Inc., Bates Securities, Inc., and Bates Financial Group, Inc. (the “Bates Companies”).

Established in 1984 by George E. Bates, the Bates Companies are headquartered in Rockford, Illinois. The acquisition and subsequent merger of the Bates Companies into Rockford Bank & Trust will enhance the wealth management services of RBT, a wholly owned bank subsidiary of QCRH.

With assets under management of approximately $700 million as of December 31, 2017, the Bates Companies is one of the longest tenured financial planning firms in the Rockford area with veteran and experienced leadership. The synergies between the Bates Companies’ and RBT’s approach to client service and community involvement are key components in this in-market acquisition.

Barack Ferrazzano advised QCR Holdings, Inc. with a team including Brent McCauley (Picture) and Abdul R. Mitha.

Involved fees earner: Brent McCauley – Barack Ferrazzano; Abdul Mitha – Barack Ferrazzano;

Law Firms: Barack Ferrazzano;

Clients: QCR Holdings, Inc.;

Author: Ambrogio Visconti