Alpine Banks of Colorado announces appointment of Glen Jammaron as CEO and chairman

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) announced that Glen Jammaron was appointed chief executive officer and chairman effective Dec 16, 2025.

Jammaron succeeds founder and longtime chairman J. Robert “Bob” Young, who died on Dec 11, 2025 after leading the bank for 53 years. Jammaron has worked at Alpine Bank for 40 years, most recently serving as president and vice chairman, and said the bank will remain an independent, employee-owned institution focused on Colorado communities.

Positive

• CEO and chairman appointment on Dec 16, 2025
• Glen Jammaron brings 40 years of Alpine Bank experience
• Commitment to remain independent, employee-owned

Negative

• Founder and longtime chairman Bob Young died on Dec 11, 2025
• Consolidation of CEO and chairman roles raises governance questions

GLENWOOD SPRINGS, Colo., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced that Glen Jammaron has been appointed as chief executive officer and chairman for Alpine Banks of Colorado and its wholly owned subsidiary, Alpine Bank.

Jammaron succeeds J. Robert “Bob” Young, who founded Alpine Bank and served as its chairman for 53 years. Young passed away on December 11, 2025.

“I am honored to continue the incredible legacy that Bob built for Alpine Bank,” noted Jammaron. “We anticipate that our focus will remain on serving Colorado communities as an independent, employee-owned bank founded on trust and exceptional service.”

Jammaron has been with Alpine Bank for 40 years, most recently serving as president and vice chairman. With his decades of leadership and deep commitment to the bank’s mission, he looks forward to continuing Young’s vision of community banking in Colorado which has benefited our customers, communities and employees.

About Alpine Banks of Colorado
Alpine Bank of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.8 billion, independent, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. Alpine Bank employs 890 people and serves 170,000 customers with personal, business, wealth management*, mortgage and electronic banking services across Colorado’s Western Slope, mountains and Front Range. Alpine Bank has a five-star rating—meaning it has earned a superior performance classification—from BauerFinancial, an independent organization that analyzes and rates the performance of financial institutions in the United States. Shares of the Class B voting common stock trade under the symbol “ALPIB" on the OTCQX® Best Market. Learn more at www.alpinebank.com.

*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.

Contacts:	Glen Jammaron	Mike Burns	Alan Sandberg
	CEO and Chairman	Chief Financial Officer	Head of Marketing
	Alpine Banks of Colorado	Alpine Bank	Alpine Bank
	2200 Grand Avenue	2200 Grand Avenue	(970) 384-3216
	Glenwood Springs, CO 81601	Glenwood Springs, CO 81601	alansandberg@alpinebank.com
	(970) 384-3266	(970) 384-3505

A note about forward-looking statements

This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “reflects,” “believes,” “can,” “would,” “should,” “will,” “estimates,” “looks forward to,” “continues,” “expects” and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding our evaluation of macro-environment risks, Federal Reserve rate management, and trends reflecting things such as regulatory capital standards and adequacy. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. There are many factors that could cause actual results to differ materially from those contemplated by forward-looking statements. Any forward-looking statement made by us in this press release or in any subsequent written or oral statements attributable to the Company are expressly qualified in their entirety by the cautionary statements above. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

FAQ

Who is the new CEO and chairman of Alpine Banks of Colorado (ALPIB)?

Glen Jammaron was appointed CEO and chairman effective Dec 16, 2025.

When did Alpine Banks of Colorado (ALPIB) announce the leadership change?

The appointment was announced on Dec 16, 2025.

What happened to founder J. Robert “Bob” Young at Alpine Bank (ALPIB)?

Founder and longtime chairman Bob Young passed away on Dec 11, 2025 after 53 years of service.

How long has Glen Jammaron worked at Alpine Bank before becoming CEO (ALPIB)?

Jammaron has been with Alpine Bank for 40 years and was most recently president and vice chairman.

Will Alpine Bank remain independent after the leadership change (ALPIB)?

The company said it intends to remain an independent, employee-owned bank serving Colorado communities.