Q-C bank sells credit-card portfolio


Share
Posted Online: Feb. 05, 2013, 5:48 pm
Comment on this story | Print this story | Email this story
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.






















 



Local events heading








  Today is Monday, Oct. 20, the 293rd day of 2014. There are 72 days left in the year.

1864 -- 150 years ago: The store of Devoe and Crampton was entered and robbed of about $500 worth of gold pens and pocket cutlery last night.
1889 -- 125 years ago: Michael Malloy was named president of the Tri-City Stone Cutters Union.
1914 -- 100 years ago: Dewitte C. Poole, former Moline newspaperman serving as vice consul general for the United States government in Paris, declared in a letter to friends that the once gay Paris is a city of sadness and desolation.
1939 -- 75 years ago: Plans for the construction of an $80,000 wholesale bakery at 2011 4th Ave. were announced by Harry and Nick Coin, of Rock Island. It is to be known as the Banquet Bakery.
1964 -- 50 years ago: An application has been filed for a state permit to organize a savings and loan association in Moline, it was announced. The applicants are Ben Butterworth, A.B. Lundahl, C. Richard Evans, John Harris, George Crampton and William Getz, all of Moline, Charles Roberts, Rock Island, and Charles Johnson, of Hampton.
1989 -- 25 years ago: Indian summer is quickly disappearing as temperatures slide into the 40s and 50s this week. Last week, highs were in the 80s.


(More History)