PRESS RELEASE

FOR IMMEDIATE RELEASE                                  Contact:
May 3, 2005                                            Todd A. Gipple
                                                       Executive Vice President
                                                       Chief Financial Officer
                                                       (309) 743-7745

                               QCR Holdings, Inc.
                            Announces a Cash Dividend

     QCR  Holdings,   Inc.  (Nasdaq  SmallCap/QCRH)  today  announced  that  the
Company's board of directors declared a cash dividend of $0.04 per share payable
on July 6, 2005, to stockholders of record on June 15, 2005.

     QCR Holdings,  Inc.,  headquartered  in Moline,  Illinois,  is a multi-bank
holding  company,  which  serves  the Quad  City,  Cedar  Rapids,  and  Rockford
communities  via its wholly  owned  subsidiary  banks.  Quad City Bank and Trust
Company,  which is based in Bettendorf,  Iowa and commenced  operations in 1994,
Cedar Rapids Bank and Trust  Company,  which is based in Cedar Rapids,  Iowa and
commenced  operations  in 2001,  and Rockford Bank and Trust  Company,  which is
based  in  Rockford,   Illinois  and  commenced   operations  in  2005,  provide
full-service  commercial  and  consumer  banking and trust and asset  management
services.  The Company also engages in credit card processing through its wholly
owned subsidiary, Quad City Bancard, Inc., based in Moline, Illinois.

     Special Note Concerning Forward-Looking Statements. This document contains,
and future oral and written  statements  of 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," "predict," "suggest," "appear,"
"plan," "intend," "estimate," "may," "will," "would," "could," "should" or other
similar expressions.  Additionally,  all statements in this document,  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 armed conflict or terrorist  acts  involving the United States;  (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.