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                                                   August 15, 2005
(Date of earliest event reported)                                August 12, 2005

                               QCR 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)

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2 below):

---  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

---  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR

---  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

---  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))


Item 1.01 Entry into a Material Definitive Agreement.

On August  12,  2005,  Quad City Bank and Trust  Company,  a  wholly-owned  bank
subsidiary  of the Company,  entered into a Unit  Purchase  Agreement  with John
Engelbrecht, the President and Chief Executive Officer of M2 Lease Funds LLC. M2
Lease Funds, based in the Milwaukee,  Wisconsin area, is engaged in the business
of leasing machinery and equipment to commercial and industrial businesses under
direct financing lease contracts.

The agreement  provides for Quad City Bank and Trust to purchase 80% of M2 Lease
Funds's  membership  units for an  approximate  purchase  price of $5.3 million,
which is  subject  to  adjustment  at  closing.  The  transaction  is subject to
regulatory  approval  as well as Mr.  Engelbrecht's  purchase of 80% of M2 Lease
Funds's  issued and  outstanding  membership  units from a current  member of M2
Lease Funds.  The  transaction is expected to close in the third quarter.  After
the transaction is completed,  Quad City Bank and Trust will own 80% of M2 Lease
Funds's  outstanding  membership  units  and Mr.  Engelbrecht,  who will own the
remaining 20% of membership  units,  will continue to serve as its President and
Chief Executive Officer. Under the terms of the operating agreement for M2 Lease
Funds,  which will be entered into at closing,  M2 Lease Funds will be obligated
to  repurchase  Mr.  Engelbrecht's  membership  interests  upon certain  events,
including his termination of employment with M2 Lease Funds.

A press release  announcing  the  transaction  was issued on August 15, 2005, is
attached  hereto  as  Exhibit  99.1 and is  hereby  incorporated  herein by this
reference in its entirety.
Item 9.01 Financial Statements and Exhibits

          (c) Exhibits.

              99.1   Press Release dated August 15, 2005



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:  August 15, 2005                        By:  /s/ Todd A. Gipple
                                                    Todd A. Gipple
                                                    Executive Vice President
                                                    and Chief Financial  Officer