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News Article | December 14, 2016
Site: www.prweb.com

Jamcracker, Inc., a leading provider of Cloud Services Brokerage (CSB) solution, today announced that it has added full support for infrastructure as a service (IaaS) Cloud Management Platform (CMP) functionality for multi-cloud and hybrid cloud services environments. Hence, Jamcracker is the first platform in the industry to unify cloud services management needs for SaaS, PaaS and now IaaS, offering a holistic cloud services enablement solution across all flavors of cloud services. With the enterprise organizations transforming traditional IT to cloud based IT-as-a-service (ITaaS) model, there is a critical need to unify many of the cloud services management functions such as aggregation, onboarding, catalog, self-service fulfillment, access management, billing, invoicing, settlements, SLA monitoring, reporting and services analytics. Offering a single pane of glass and consistent user experience in managing cloud services of all flavors is important to make IT productive. Driven by customer needs, Jamcracker Platform has evolved from being a cloud broker to now a complete cloud services lifecycle manager. Gartner’s 2016 CMP Market Guide for CMP outlines following functional requirements to address IaaS management customer needs. Jamcracker Platform addressed these by adding following key CMP features to existing cloud brokerage platform: Mahendra Soneji, Vice President of Product Management and Customer Success at Jamcracker said: “The key value proposition of a CMP is enabling multi-cloud management to apply policy, orchestrate, and automate provisioning across public and private clouds. For the past two years, we have been working with our key customers to build CMP features into our platform. We have learnt from real customer requirements and pilots to understand broader market needs and perfect our platform features to address key CMP requirements. We are very excited to see that our updated platform is being deployed successfully by our partners to meet their internal and external customer needs.” Malaysia’s leading fully Integrated Managed Connectivity / Information and Communications Technology (ICT) / Business Process Outsourcing (BPO) services provider, VADS Berhad (VADS), a wholly-owned subsidiary of Telekom Malaysia Berhad (TM), an existing partner of Jamcracker, is looking forward to using the latest CMP update of Jamcracker Platform to offer multi-cloud and hybrid cloud managed services which comprise public cloud services including Amazon Web Services (AWS), Microsoft Azure, and private cloud services including VMware vCenter and vCloud Director and OpenStack hosted in VADS’s own data centers. Mahmoud Dasser, Vice President of Partnership and Marketing at VADS, said: “Jamcracker’s cloud management platform consolidates multi-cloud and hybrid cloud environments demanded by our large and small enterprise customers. Making sense of complex access management and billing requirements across a variety of cloud services is critical for our managed services practice. We are delighted that we are able to meet our customers’ expectations. Jamcracker’s technology is enabling us to do that today and bringing us a step closer in making life and business easier for a better Malaysia.” Learn more about Jamcracker Platform’s CMP feature updates here. ___________________________________________ About Jamcracker Jamcracker (a Gartner cool vendor), has been in the cloud services aggregation and enablement business since 1999 (initially for application service providers), providing a platform that enables a single point of service and user management, provisioning, governance, policy controls, security, SSO, spend management, billing, reporting and auditing for multiple services, from hundreds of SaaS vendors and leading IaaS cloud services providers. For more information, visit http://www.jamcracker.com or follow us @JamcrackerInc About VADS Berhad VADS Berhad (VADS) is a fully Integrated Connectivity/ ICT/ BPO Solutions Provider. Established in 1991, it is currently a wholly owned subsidiary of Telekom Malaysia (TM) Berhad. We bring together people, processes and technologies to enable more effective and dynamic use of ICT and BPO Solutions. Together with VADS Lyfe, the TM Smart City Services provider, VADS is able to provide end-to-end solution and managed services to our enterprise and public sector customers. Our multinational team of experts across Malaysia and Indonesia possesses the right mix of skills and experience – from product to project delivery and operations. The depth and breadth of expert skill-sets among VADS personnel that are formed with a global outlook are ultimately what sets us apart from the rest. We empower businesses with value-based innovative solutions and services which would allow you to focus on what you do best – your core business. This is in line with TM’s philosophy of “Business Made Easier”. To learn more about VADS and its solutions, log on to http://www.vads.com.

News Article | February 15, 2017
Site: www.prweb.com

An anonymous donor has committed a $10 million gift to the College of Saint Benedict (CSB) to create the Center for Ethical Leadership in Action. A key function of the Center will be to increase students’ opportunities for experiential learning, which include study abroad, undergraduate research, service learning, fellowships and, often most influentially, internship experiences. This is the largest single gift in the college’s history. The gift will create a permanent endowment fund, which will fund the operations of the Center, including the support of experiential learning as well as a mentoring program and speaker series. Internships and other experiential learning opportunities will be carefully designed to support the formation of ethical women leaders in a variety of fields from business to medicine to education and beyond. “We are grateful for the donors whose vision and generosity have created the Center,” said CSB President Mary Dana Hinton. “It positions us as a leader among liberal arts colleges nationally in developing women’s leadership capacity, ethical decision-making, self-confidence and career readiness.” The establishment of the Center is especially important as increasing numbers of Saint Ben’s students do not have the financial wherewithal to afford an unpaid internship or other experiential learning. The Center for Ethical Leadership in Action will have the resources to offer stipends to students for whom these experiences would otherwise be out of reach. CSB, and its academic partner Saint John’s University, require that every student complete four credits of experiential learning as part of the core curriculum. The college plans to begin awarding stipends as early as summer 2017. Providing financial support such as this is a key goal in the college’s five-year Strategic Directions 2020 plan. In addition to supporting internships and other experiential learning opportunities, the Center will create a mentoring program and host speakers designed to promote the development of ethical leaders. “Having the Center will enable us to focus our educational programming and opportunities on ethical leadership, which has always been central to our mission,” said Richard Ice, CSB/SJU Provost. “Saint Ben’s is overwhelmed by the generosity of this gift,” said Kathy Hansen, vice president of institutional advancement at Saint Ben’s. “The donors have a long-standing appreciation for the quality education their daughter received at Saint Ben’s and a respect for ethical leadership that was nurtured by their parents. They’re driven to see all Saint Ben’s students receive the internships, research and service opportunities that will build character and form ethical leaders.” In 2016, for the 12th consecutive year, CSB and SJU were ranked among the top baccalaureate schools nationally for the total number of students who studied abroad, according to Open Doors 2016, the annual report on international education published by the Institute of International Education. Visit the college online to learn more about CSB and SJU rankings and Experiential Learning and Community Engagement.

News Article | November 16, 2016
Site: www.businesswire.com

MILLERSBURG, Ohio--(BUSINESS WIRE)--CSB Bancorp, Inc., (OTC Pink: CSBB) today announced that the Company’s Board of Directors has declared a fourth quarter cash dividend of $0.20 per share on its common stock, payable December 20, 2016 to shareholders of record as of December 6, 2016. CSB Bancorp, Inc. is a $670 million financial holding company headquartered in Millersburg, Ohio. CSB provides a complete range of banking and other financial services to consumers and businesses through its wholl

The cloud services brokerage and enablement market size is estimated to grow from USD 7.44 billion in 2016 to USD 26.71 billion by 2021, at an estimated CAGR of 29.1% from 2016 to 2021. The report " Cloud Services Brokerage & Enablement Market by Component (Cloud Services Brokerage & Cloud Brokerage Enablement), By Organization Size, By Industry Vertical & By Region - Global Forecast to 2021 ", analyses and studies the major market drivers, restraints, opportunities, and challenges in the emerging nations. Browse Data Tables & Figures Distributed in Pages and Detail Analysis of Charts and Companies Mentioned in Cloud Services Brokerage & Enablement Market at: http://www.marketreportsworld.com/10152863 "The rapid adoption of hybrid cloud technologies, increasing organization demand for single point cloud services access, and need for effective enterprise cost saving are driving the cloud services brokerage and enablement market” The cloud services brokerage and enablement market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the organization’s inclination toward SaaS-based offerings. “External Enablement is expected to gain prominent traction during the forecast period” The external enablement component market is expected to grow at the highest CAGR during the forecast period. The external enablement platform collaborates hardware vendors, virtualization players, distributors, CSPs (IaaS, SaaS, PaaS, BPaaS), security providers, among many other cloud service offerings, on a common platform; this has led to its greater popularity among the cloud enablement market end users. “Latin America is witnessing a high growth potential during the forecast period” North America holds the largest market share in 2016 while APAC is fastest maturing in terms of CAGR. Factors such as continual growth in mobile workforce, increasing complexities in businesses, unregulated nature of internet, and growth in the adoption of BYOD are expected to push companies in APAC to adopt Cloud Services brokerage (CSB). Along with this, the rise in the complex business processes and maintenance costs in Latin America has made companies in this region to opt for cloud services. Further, the majority of the available labor in Latin America is not adequately skilled or certified to operate the in-house services of the company. SMEs and enterprises belonging to various verticals are expected to increase investments in cloud computing services during the next five years. This is the major driving force for the emergence of cloud brokerage firms in the region. In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below as: • By Designation: C level – 42%, Director level – 33%, Others – 25% Hybrid cloud technologies, pay-as-you-go pricing model, SaaS models are some of the upcoming trends in the cloud services brokerage and enablement market. Moreover, this would also help the organizations to avoid the vendor lock-ins, thereby enabling customers to have the flexibility to deploy various cloud-based applications and offerings from multiple vendors, through a seamless interface. The increasing demand for cloud managed services among SMEs has further enhanced the demand for it across many verticals. The various key cloud services brokerage and enablement vendors and service providers profiled in the report are as follows: Need Assistance (Content, Price, Sample, Discount), Ask us @ http://www.marketreportsworld.com/enquiry/pre-order-enquiry/10152863 The report will help the market leaders/new entrants in this market in the following ways: 1. This report segments the cloud services brokerage and enablement market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions. 2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions. “Our Value-Added Services provide you with 10% on demand customization with no additional costs” Market Reports World is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments. For Latest News about Current Market Trends and Forecast Visit @ For Latest News about Current Market Trends and Forecast Visit @

News Article | October 30, 2016
Site: cen.acs.org

Errors in process management and equipment led to a 2013 fatal explosion at the Williams Olefins plant in Geismar, La., an investigation by the U.S. Chemical Safety &Hazards Investigation Board (CSB) recently concluded. Two workers died and 167 other workers reported injuries after hydrocarbons leaked from a plant operation, formed a vapor cloud, and . . .

News Article | November 30, 2016
Site: www.prnewswire.com

DALLAS, Nov. 30, 2016 /PRNewswire/ -- College Savings Bank, a Division of NexBank SSB ("CSB"), has completed a successful core banking system and online banking system conversion. CSB serves as a program manager for FDIC-insured 529 college savings plans nationwide. CSB migrated...

News Article | February 27, 2017
Site: globenewswire.com

NEW HAVEN, Conn., Feb. 27, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of Continuity, a leading provider of compliance management and regulatory technology, today announced that Howard Pitkin, the former Commissioner of Banking for the State of Connecticut, has been elected to the company’s board of directors. The addition of Mr. Pitkin to the company’s board was announced by Chief Executive Officer and Director Michael Nicastro. “We are thrilled and honored to have a such a well-recognized and experienced regulator as Howard Pitkin join our board,” stated Nicastro. “Howard has been involved with and has managed many different facets of compliance over his 40-year career in banking oversight. This level of expertise along with his relationships with the 49 other state regulators as well as federal agencies will be integral to Continuity as we continue to build compliance solutions on our compliance platform for financial institutions.” Mr. Pitkin, who served with the Connecticut Department of Banking for 40 years, was appointed in 2006 to Banking Commissioner by then Governor M. Jodi Rell and again in 2010 by Governor Dannel Malloy. Pitkin is a 1985 graduate of the ABA Stonier Graduate School of Banking at Rutgers University. Since his retirement as Banking Commissioner in January of 2015, Mr. Pitkin has been the American Saving Foundation Banking Fellow at Central Connecticut State University School of Business, an AA-CSB accredited school of business. Acknowledging his election, Mr. Pitkin commented, “I’m very happy and excited to be joining the governance team at Continuity, knowing first-hand the challenges that financial institutions face every day. The ever-growing complexity of rules and regulations makes it crucial to have a platform such as Continuity’s to help simplify the burden.” In addition to Mr. Nicastro, Mr. Pitkin joins Continuity board members Andy Greenawalt, Continuity Founder and Principal of Gnostic Ventures, Rik Vandevenne, Managing Director of River Cities Capital Funds, and Peter Longo, Senior Managing Director - Investments at Connecticut Innovations. About Continuity Continuity is a leading provider of Regulatory Technology (RegTech) solutions that automate compliance management for financial institutions of all sizes. By combining regulatory expertise and cloud technology, Continuity provides a proven way to reduce regulatory burden and mitigate compliance risk at a fraction of the cost. Our solutions are designed to automate all aspects of compliance management, from interpretation of regulatory issuances through intuitive task delegation, vendor management, and board reporting. Continuity serves hundreds of institutions across the US and its territories. For more information about Continuity, visit http://www.Continuity.net/.

This report studies Global Lead-acid Batteries Market 2016, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Johnson Controls Exide Technologies GS Yuasa EnerSys CSB Battery Sebang East Penn Fiamm Panasonic NorthStar Atlasbx ACDelco Trojan Amara Raja C&D Midac Power Mutlu Chaowei Power Tianneng Power Camel Leoch Shoto Fengfan Narada Power Huawei Battery Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Lead-acid Batteries in these regions, from 2011 to 2021 (forecast), like North America Europe China Japan Southeast Asia India Split by product type, with production, revenue, price, market share and growth rate of each type, can be divided into Type I Type II Type III Split by application, this report focuses on consumption, market share and growth rate of Lead-acid Batteries in each application, can be divided into Application 1 Application 2 Application 3 Table of Contents Global Lead-acid Batteries Market Research Report 2016 1 Lead-acid Batteries Market Overview 1.1 Product Overview and Scope of Lead-acid Batteries 1.2 Lead-acid Batteries Segment by Type 1.2.1 Global Production Market Share of Lead-acid Batteries by Type in 2015 1.2.2 Type I 1.2.3 Type II 1.2.4 Type III 1.3 Lead-acid Batteries Segment by Application 1.3.1 Lead-acid Batteries Consumption Market Share by Application in 2015 1.3.2 Application 1 1.3.3 Application 2 1.3.4 Application 3 7 Global Lead-acid Batteries Manufacturers Profiles/Analysis 7.1 Johnson Controls 7.1.1 Company Basic Information, Manufacturing Base and Its Competitors 7.1.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.1.3 Johnson Controls Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.1.4 Main Business/Business Overview 7.2 Exide Technologies 7.2.1 Company Basic Information, Manufacturing Base and Its Competitors 7.2.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.2.3 Exide Technologies Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.2.4 Main Business/Business Overview 7.3 GS Yuasa 7.3.1 Company Basic Information, Manufacturing Base and Its Competitors 7.3.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.3.3 GS Yuasa Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.3.4 Main Business/Business Overview 7.4 EnerSys 7.4.1 Company Basic Information, Manufacturing Base and Its Competitors 7.4.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.4.3 EnerSys Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.4.4 Main Business/Business Overview 7.5 CSB Battery 7.5.1 Company Basic Information, Manufacturing Base and Its Competitors 7.5.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.5.3 CSB Battery Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.5.4 Main Business/Business Overview 7.6 Sebang 7.6.1 Company Basic Information, Manufacturing Base and Its Competitors 7.6.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.6.3 Sebang Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.6.4 Main Business/Business Overview 7.7 East Penn 7.7.1 Company Basic Information, Manufacturing Base and Its Competitors 7.7.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.7.3 East Penn Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.7.4 Main Business/Business Overview 7.8 Fiamm 7.8.1 Company Basic Information, Manufacturing Base and Its Competitors 7.8.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.8.3 Fiamm Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.8.4 Main Business/Business Overview 7.9 Panasonic 7.9.1 Company Basic Information, Manufacturing Base and Its Competitors 7.9.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.9.3 Panasonic Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.9.4 Main Business/Business Overview 7.10 NorthStar 7.10.1 Company Basic Information, Manufacturing Base and Its Competitors 7.10.2 Lead-acid Batteries Product Type, Application and Specification Type I Type II 7.10.3 NorthStar Lead-acid Batteries Production, Revenue, Price and Gross Margin (2015 and 2016) 7.10.4 Main Business/Business Overview 7.11 Atlasbx 7.12 ACDelco 7.13 Trojan 7.14 Amara Raja 7.15 C&D 7.16 Midac Power 7.17 Mutlu 7.18 Chaowei Power 7.19 Tianneng Power 7.20 Camel 7.21 Leoch 7.22 Shoto 7.23 Fengfan 7.24 Narada Power 7.25 Huawei Battery Global QYResearch (http://globalqyresearch.com/ ) is the one spot destination for all your research needs. Global QYResearch holds the repository of quality research reports from numerous publishers across the globe. Our inventory of research reports caters to various industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. With the complete information about the publishers and the industries they cater to for developing market research reports, we help our clients in making purchase decision by understanding their requirements and suggesting best possible collection matching their needs.

The U.S. Chemical Safety Board launched its first major investigation in a year with a probe of a June 27 fire and explosion at a natural gas processing facility in Pascagoula, Miss. The past year was difficult for CSB, involving a congressional investigation and the termination of the board’s former head. Last October, new CSB Chair Vanessa Allen Sutherland announced that the . . .

MOLINE, Ill., Oct. 27, 2016 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ:QCRH) today announced net income of $6.1 million and diluted earnings per share (“EPS”) of $0.46 for the quarter ended September 30, 2016.  This included $1.5 million of acquisition costs (after-tax) related to the previously announced acquisition of Community State Bank (“CSB”).  Excluding these acquisition costs and other non-core items, the Company reported core net income (non-GAAP) of $7.5 million and diluted EPS of $0.57.  By comparison, for the quarter ended June 30, 2016, the Company reported net income of $6.7 million and diluted EPS of $0.53.  This included $231 thousand of acquisition costs (after-tax) related to CSB.  For the third quarter of 2015, the Company reported net income of $6.5 million and diluted EPS of $0.55. For the nine months ended September 30, 2016, the Company reported net income of $19.2 million and diluted EPS of $1.52.  Excluding acquisition costs and other non-core items, the Company reported core net income (non-GAAP) of $20.6 million and diluted EPS of $1.64.  By comparison, for the nine months ended September 30, 2015, the Company reported net income of $10.1 million and diluted EPS of $1.01.  This included several nonrecurring items, including $4.5 million of losses on debt extinguishments (after-tax) related to the balance sheet restructuring that took place in the second quarter of 2015. “Our core operating performance for the first nine months of 2016 has been solid,” commented Douglas M. Hultquist, President and Chief Executive Officer, “and we continue to strategize and explore ways to improve our profitability through our ongoing key initiatives.  Our core return on average assets (non-GAAP) has improved from 0.77% to 1.02%, when comparing the first nine months of 2015 to the same period of the current year.  This is the result of solid loan growth, reductions in wholesale borrowings, continued margin improvements, and strong fee income.” Organic Loan and Lease Growth Strong at 10.6% Annualized Year-To-Date Swap Fee Income and Gains on the Sale of Government Guaranteed Loans Total $4.1 Million Year-To-Date During the third quarter of 2016, the Company’s total assets increased $597.6 million, or 22%, to a total of $3.28 billion, while total loans and leases grew $437.8 million.  Of the $437.8 million of loan growth, $419.5 million related to the acquisition of CSB, while the remaining $18.3 million was organic growth.  The organic loan and lease growth was funded primarily by deposits, which increased $140.1 million in the third quarter, excluding the acquisition of CSB.  This deposit growth also allowed the Company to further reduce borrowings. “Loan and lease growth, excluding the effects of the acquisition, totaled $143.1 million, or an annualized rate of 10.6%, for the first nine months of the year,” commented Todd A. Gipple, Executive Vice President, Chief Operating Officer and Chief Financial Officer.  “Strong loan and lease growth has helped us meet our targeted annual organic growth rate of 10-12% and continues to keep our loan and leases to asset ratio within our targeted range of 70-75%.” “Swap fee income and gains on the sale of government guaranteed loans were strong for the first nine months of 2016, totaling $4.1 million,” said Mr. Gipple.  “We plan to continue executing these types of transactions, as they provide unique and beneficial solutions for our clients.  We also look forward to offering these products in our newest market, Des Moines/Ankeny.” Net interest income totaled $23.6 million for the quarter ended September 30, 2016.  By comparison, net interest income totaled $21.0 million and $20.1 million for the quarters ended June 30, 2016 and September 30, 2015, respectively.  Net interest income totaled $65.2 million for the nine months ended September 30, 2016, an increase of 15.6% from the same period of the prior year.  Net interest income attributable to CSB totaled $2.3 million for the partial quarter. “Net interest margin increased nine basis points from the prior quarter to 3.71%,” stated Mr. Gipple.  He added, “The improvement in margin this quarter was attributable to the addition of Community State Bank.  CSB’s strong margin and solid earnings will contribute significantly to our efforts to achieve upper-quartile ROAA performance and continue to drive shareholder value.  For the month of September 2016, CSB had $546.0 million in average earning assets with a net interest margin of 4.99%.  CSB’s net interest margin prior to acquisition typically ranged from 3.80% to 4.00%.  This has increased due to purchase accounting adjustments, primarily the accretion of the loan discount, including the acceleration of discounts related to the payoff of purchased credit impaired loans.” Nonperforming Assets to Total Assets Ratio Flat During the Third Quarter Nonperforming assets (“NPAs”) increased $3.8 million in the current quarter, which was due to the acquisition of CSB.  The ratio of NPAs to total assets was 0.69% at September 30, 2016, which was down from 0.70% at June 30, 2016 and down from 0.80% a year ago. “Asset quality at our newest charter, CSB, is strong and very much in line with the rest of our subsidiaries, resulting in a slight reduction of our NPAs to total assets ratio this quarter.  We remain committed to further improving asset quality,” stated Mr. Hultquist. The Company’s provision for loan and lease losses totaled $1.6 million for the third quarter of 2016, which was up $410 thousand from the prior quarter, and flat as compared to the third quarter of 2015.  The increase in provision in the third quarter of 2016 is primarily attributable to the addition of CSB.  As of September 30, 2016, the Company’s allowance to total loans and leases was 1.22%, which was down from 1.46% at June 30, 2016 and down from 1.45% at September 30, 2015. In accordance with generally accepted accounting principles for acquisition accounting, the loans acquired through the acquisition of CSB were recorded at market value; therefore, there was no allowance associated with CSB’s loans at acquisition.  Management continues to evaluate the allowance needed on the acquired CSB loans factoring in the net remaining discount ($12.7 million at September 30, 2016).  When factoring this remaining discount into the Company’s allowance to total loans and leases calculation, the Company’s allowance as a percentage of total loans and leases increases from 1.22% to 1.76%. The Company’s total risk-based capital ratio was 11.45%, the common equity tier 1 ratio was 9.32% and the tangible common equity to tangible assets ratio decreased to 7.92%, all as of September 30, 2016.  For comparison, these respective ratios were 14.29%, 11.72% and 10.10% as of June 30, 2016.  The decrease in the Company’s capital ratios was primarily due to the acquisition of CSB. “We are excited about adding such a talented team to the Company and are encouraged by the opportunity for strong growth in Ankeny and the entire Des Moines MSA,” stated Mr. Gipple. As of September 30, 2016, CSB had total assets of $580.2 million, consisting primarily of loans totaling $419.5 million and a securities portfolio of $90.2 million.  These assets were funded by $481.3 million of deposits and $15.3 million of borrowings.  CSB reported net income for the partial quarter of $189 thousand, which included $473 thousand of after tax acquisition costs. Preliminary purchase accounting adjustments were recorded in the third quarter and the resulting accounting marks and the net dilution to tangible book value per share were more favorable than projected when the Company announced the CSB transaction in May of 2016. Actual dilution to tangible book value per share from the transaction, including the common stock issuance of $30.1 million in May of 2016, was only $1.03 per share, or 4.91%.  This compares favorably to the $1.25 per share and 6.11% dilution that was projected. “The terms of the transaction required CSB to retain its earnings through the closing date.  Due to better than projected CSB earnings and more favorable valuation marks, our earn-back on the tangible book value dilution from the transaction should be even more rapid than the three year earn-back we cited in our transaction announcement this past May,” stated Mr. Gipple. Significant One-Time Gain Used to Further Restructure Balance Sheet And Strengthen Net Interest Margin This quarter, the Company had the opportunity to sell an investment and recognize a gain of approximately $4.0 million.  This gain was utilized to further reduce wholesale borrowings by $60 million at a blended rate of 3.24% and further de-lever the balance sheet with the sale of $28 million in securities yielding 1.48%.  The remaining funding was replaced by a mix of core deposits and overnight borrowings.  These transactions were recorded near the end of the quarter.  The positive impact on future earnings will be an increase in net interest income of approximately $1.3 million annually, increasing NIM by approximately 10 basis points. The Company today filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC").  When declared effective by the SEC, the registration statement will allow QCR Holdings, Inc. to offer and sell various types of securities, including common stock, preferred stock, debt securities and/or warrants, from time to time up to an aggregate amount of $100 million.  The Company utilized $30.1 million of its previous shelf registration filing through the offer and sale of its common stock in the second quarter of 2016 to help fund the acquisition of CSB.  This Form S-3 filing will replenish the amount available to the previous $100 million.  The specific terms and prices of any securities offered pursuant to the registration statement will be determined at the time of any future offering and described in a separate prospectus supplement, which would be filed with the SEC at the time of the particular offering, if any. QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company, which serves the Quad City, Cedar Rapids, Cedar Valley, Des Moines/Ankeny, and Rockford communities through its wholly owned subsidiary banks.  Quad City Bank & Trust Company, which is based in Bettendorf, Iowa, and commenced operations in 1994, Cedar Rapids Bank & Trust Company, which is based in Cedar Rapids, Iowa, and commenced operations in 2001, Community State Bank, which is based in Ankeny, Iowa and was acquired by the Company in 2016, and Rockford Bank & Trust Company, which is based in Rockford, Illinois, and commenced operations in 2005, provide full-service commercial and consumer banking and trust and wealth management services.  Quad City Bank & Trust Company also provides correspondent banking services.  In addition, Quad City Bank & Trust Company engages in commercial leasing through its wholly owned subsidiary, m2 Lease Funds, LLC, based in Milwaukee, Wisconsin.  Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. 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,” ”annualize,” “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, national and international economies; (ii) the economic impact of any future terrorist threats and attacks, and the response of the United States to any such threats and attacks; (iii) changes in state and federal laws, regulations and governmental policies concerning the Company’s general business, including the Basel III regulatory capital reforms, the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations issued thereunder; (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) unexpected results of acquisitions (including the acquisition of CSB), which may include failure to realize the anticipated benefits of the acquisition and the possibility that the transaction costs may be greater than anticipated; (viii) the loss of key executives or employees; (ix) changes in consumer spending; (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 SEC.

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