Guaranty Bank chair named to parent company's board

SBJ file

Jim Batten

The chair of the Guaranty Bank Board of Directors has been selected for a new spot on the organization's parent company board.

Jim Batten's appointment to the board of Moline, Illinois-based QCR Holdings Inc. (Nasdaq: QCRH) became effective Aug. 21, according to a news release. The QCR board increased to 13 members with the selection of Batten and Amy L. Reasner, a board member at Iowa-based Cedar Rapids Bank & Trust Co., another company owned by QCR.

"Both Jim and Amy bring a strong background and expertise that complements the composition and experience of our board,” said Larry Helling, CEO of QCR, in the release. “They also have deep commitments and close ties to the markets that we serve.”

Batten has served as chair of the Guaranty Bank board since 2022, when QCR bought the Springfield company. He previously was Guaranty Bank's board chair leading up to the QCR purchase, according to past reporting.

Batten has leadership experience at International Dehydrated Foods, Convoy of Hope, O’Reilly Automotive Inc. (Nasdaq: ORLY) and the Whitlock Co.

QCR Holdings this summer reported second-quarter profits of $29.1 million, up from $28.4 million in the same quarter of 2023.

QCRH shares were trading at $75.46 as of 10:46 a.m., compared with a 52-week range of $45.84 to $79.61 per share.