Quad City Holdings, Inc.
                                 3551 7th Street
                             Moline, Illinois 61265


November 24, 1998

                                                FOR MORE INFORMATION CONTACT:

                                                Doug Hultquist at (309) 736-3893
                                                             or
                                                Mike Bauer at (319) 344-0600


FOR IMMEDIATE RELEASE



          QUAD CITY HOLDINGS, INC. ANNOUNCES THREE-FOR-TWO STOCK SPLIT


Douglas  Hultquist,  the  President  and Chief  Executive  Officer  of Quad City
Holdings,  Inc. (Nasdaq:  QCHI), announced today that the Company has declared a
three-for-two  stock split in the form of a stock  dividend.  As a result of the
stock split,  holders of the Company's Common Stock as of the November 20, 1998,
record date will receive a stock  dividend of one share of Common Stock for each
two shares  held.  The  intended  distribution  date for the stock  dividend  is
November 30, 1998.

Quad City  Holdings,  Inc.,  which began trading on the Nasdaq  SmallCap  Market
System in October of 1993,  is a  community  based  banking  organization  which
serves the Quad City area with locations in Bettendorf  and Davenport,  Iowa and
Moline,  Illinois.  Quad City Bank and Trust  Company  commenced  operations  in
January, 1994 and specializes in commercial lending and trust. Quad City Bancard
was  formed  in  April,   1995  and  processes  credit  card   transactions  for
approximately 12,500 merchants.