QCR to buy Ankeny-based Community State Bank in $80 million deal

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QCR Holdings Inc., the parent company of Quad-City Bank & Trust Co., is expanding its reach with its pending acquisition of Ankeny-based Community State Bank, the Quad-City Times reported. 


Moline, Ill.-based QCR announced Monday that it will acquire the 10-branch bank from Van Diest Investment Co. in an $80 million deal. 


Community State Bank has branches across the Des Moines metropolitan area, including three in Ankeny.