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, Aug. 21, the 233rd day of 2014. There are 132 days left in the year.

1864 -- 150 years ago: Sheriff McLaughlin had the misfortune to dislocate his right shoulder some days ago when his carriage upset. He is now able to walk about but has a very sore shoulder.
1889 -- 125 years ago: A kindergarten was started in the downtown district of Rock Island with the Misses Dodie Hawes and Grace Knowlton as teachers.
1914 -- 100 years ago: Pope Pius X died in Rome.
1939 -- 75 years ago: Rock Island's new theater was named Esquire.
1964 -- 50 years ago: The J.I. Case Co. plant in Bettendorf will add from 150 to 200 employees by Jan. 1 a spokesman for the company said today. The Bettendorf Works today had a payroll of 1,350, but an increased production schedule will require additional people.
1989 -- 25 years ago: The Illowa Council Boy Scouts of America reached and passed its campaign goal in a drive that began 14 months ago by raising more than $2.2 million for the expansion of Loud Thunder Reservation near Andalusia.






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