Q-C bank sells credit-card portfolio


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Posted Online: Feb. 05, 2013, 5:48 pm
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Quad City Bank & Trust has sold its credit-card portfolio and servicing to Fifth Third Bank, which Quad City Bank & Trust president and CEO John Anderson said willallow the bank to enhance credit-card offerings to its clients.

"We believe we have found a partner in Fifth Third Bank thatunderstands and believes in the delivery of relationship banking thatis core to our Quad City Bank & Trust brand," Mr. Anderson said.

Fifth Third has participated in the agent bank credit-card issuerbusiness for many years and issues creditcards for more than 70 financial institutions across the country.




















 



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  Today is Thursday, April 24, the 114th day of 2014. There are 251 days left in the year.

1864 -- 150 years ago: We learn that it is a contemplation to start a paper mill in Rock Island during the summer by a gentleman from the East.
1889 -- 125 years ago: The gates of Oklahoma were swung open at noon today, and a throng of more than 30,000 settlers started over its soil.
1914 -- 100 years ago: The Iowa Coliseum Co. was incorporated with $40,000 capital and planned a building on 4th Street between Warren and Green streets in Davenport.
1939 -- 75 years ago: Plans are being discussed for resurfacing the streets in the entire downtown district of Rock Island.
1964 -- 50 years ago: Some 45 jobs will be created at J.I. Case Co.'s Rock Island plant in a expansion of operations announced yesterday afternoon at the firm's headquarters in Racine, Wis.
1989 -- 25 years ago: Gardeners and farmers cheered, but not all Quad-Citians found joy Saturday as more than an inch of rain fell on the area. Motorists faced dangerous, rain-slick roads as the water activated grease and grime that had built up during dry weather.








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