A former head of the U.S. unit of Dutch-owned insurance company Aegon has been named chairman of a community bank in Illinois.
Patrick Baird, 62, recently became chairman of the board of QCR Holdings in Moline, Ill., the $2.6 billion-asset QCR said in a news release issued Wednesday. He had been the vice chairman since 2011.
Baird was president and CEO of Aegon USA from 2002 to 2010 and remains a vice chairman there, according to an online profile.
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QCR Holdings in Moline, Ill., will sell 2.8 million shares in a public offering.
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Higher loan demand is helping banks and thrifts with $2 billion to $10 billion of assets improve their profitability. Of the 191 institutions that qualified for our mid-tier ranking this year, 40% posted a three-year average return on equity in the double digits, up from 34% in our previous ranking.
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Enterprise Financial Services Corp. in Clayton, Mo., has named a prominent St. Louis private investor and entrepreneur as its next independent chairman.
May 6
He succeeds James Brownson, who stepped down from the job May 13, the release said. Brownson, 69, who had been the company's chairman since 2007, will continue to serve as a director to assist in the transition. Brownson is the retired president of W.E. Brownson Co. in Davenport, Iowa.
QCR Holdings is the parent company of the $367 million-asset Rockford Bank and Trust in Illinois, the $1.4 billion-asset Quad City Bank and Trust in Bettendorf, Iowa and the $870 million-asset Cedar Rapids Bank and Trust in Iowa.
