WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                        Date of Report: October 22, 2002
                        (Date of earliest event reported)

                               QCR Holdings, Inc.
                        (f/k/a Quad City Holdings, Inc.)
             (Exact name of Registrant as specified in its charter)

                 (State or other jurisdiction of incorporation)

        0-22208                                           42-1397595
------------------------                 ---------------------------------------
(Commission File Number)                 (I.R.S. Employer Identification Number)

             3551 Seventh Street, Suite 204, Moline, Illinois 61265
           ------------------------------------------------ ----------
               (Address of principal executive offices) (Zip Code)

                                 (309) 736-3580
              (Registrant's telephone number, including area code)


Item 5.  Other Events

On October 22, 2002, QCR Holdings,  Inc.  issued a press release  announcing the
sale of a portion of its merchant credit card business to iPayment, Inc. and the
resulting gain. The press release is attached hereto as Exhibit 99.1.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (a)      Financial Statements of Business Acquired.


         (b)      Pro Forma Financial Information.


         (c)      Exhibits.

                  99.1 - Press release dated October 22, 2002


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    QCR HOLDINGS, INC.

Dated:  October 22, 2002            By:  /s/ Todd A Gipple
                                         Todd A. Gipple
                                         Chief Financial Officer