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.

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.

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