After 17 years as CEO of Quad City Bank & Trust (QCBT) and a 40-year banking career, John Anderson will retire effective Jan. 3, 2025.

At that time, Laura “Divot” Ekizian will take over as president and CEO of the Bettendorf-based bank – with $2.6 billion in assets, 115 employees and five Quad Cities locations.

When John Anderson first took the helm in 2007, QCBT had a total asset size of $600 million, which has grown to $2.6 billion today. QCBT has also greatly expanded its market share from number 10 in 2007, to its top spot today with over 20% market share, according to a Monday company release.

QCBT’s Trust Department has also experienced significant expansion with $5 billion in assets under management and $5 billion in safekeeping assets.

“Watching the banking industry transition and change has been amazing, but the one thing that has not changed is how we work with clients and support their financial needs,” Anderson said in the release. “I believe a banker is a dream-maker for their clients and I have had a front row seat to watching that happen.”

He has been extremely active in the Quad Cities community throughout his entire career. Serving the community has been a core belief for Anderson, volunteering for such boards as St. Ambrose University, Genesis Foundation, Vera French, Community Foundation and the Diocese of Davenport Foundation, among others.

“It has been an amazing journey from my first job as a cash vault teller at Davenport Bank to serving as CEO of QCBT for the past 17 years,” Anderson said. “I have been able to witness the impact that a community bank has on the community, and it has been a gift. Watching the Quad Cities grow and prosper has been a personal blessing for me.”

He will continue to work with QCBT to ensure a smooth transition. Laura Ekizian has served as president and chief relationship officer for QCBT for the past four years of her 24-year tenure at QCBT.

“While I am excited and honored to serve QCBT in the role of president and CEO, I am also mindful of the legacy John A has imparted on this company,” Ekizian said in the Monday release. “His commitment to the Quad-City community and to our work as a community banking organization is what we will continue to focus on. I am looking forward to working with our entire team at QCBT to continue our 30-year history of serving this community and being worthy of our name.”

“John has redefined community banking in his stellar career and has done an incredible job cultivating and building upon the customer centric culture created by our founders, Mike Bauer and Doug Hultquist,” said Mark Kilmer, chair of the QCBT board. “John has blended his genuine passion for the community with his strong leadership skills, admiration for our employees, and relentless focus on building a best-in-class financial organization where personal relationships are paramount.”