Posted Online: Feb. 05, 2013, 5:48 pm

Q-C bank sells credit-card portfolio

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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.