Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) has announced a quarterly cash dividend of $0.20 per Class B nonvoting common share, set to be paid on May 1, 2023, to shareholders of record by April 24, 2023. Additionally, a dividend of $30.00 per Class A voting common share will also be distributed on the same date. This dividend amount remains unchanged from the previous quarter. Alpine Banks operates as an independent, employee-owned organization with a strong financial standing of $6.3 billion in assets and a workforce of 890 employees across Colorado. The bank serves approximately 170,000 customers, providing a range of financial services and has received a 5-star rating from BauerFinancial for superior performance.

Positive

• Quarterly cash dividend of $0.20 per Class B nonvoting common share signifies consistent shareholder returns.
• Class A voting common share dividend remains stable at $30.00, indicating strong financial management.
• $6.3 billion in assets reflects robust financial health and operational stability.
• Employee-owned organization promotes a strong commitment to service and community.

Negative

• None.

Glenwood Springs, Colo., April 13, 2023 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.20 per Class B nonvoting common share will be paid on May 1, 2023, to shareholders of record at the close of business on April 24, 2023. Per the Articles of Incorporation, dividends on the Class B nonvoting common stock shall be declared by the Board of Directors equal to one-one-hundred-fiftieth (1/150th) of the amount per share declared by the Board of Directors for each share of Class A voting common stock. Alpine Banks of Colorado Class B nonvoting common shares are publicly traded on the OTCQX® Best Market under the symbol “ALPIB”.

Additionally, a quarterly cash dividend of $30.00 per Class A voting common share will be paid on May 1, 2023, to shareholders of record at the close of business on April 24, 2023. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $30.00 per Class A voting common share and $0.20 per Class B nonvoting common share is unchanged from the dividend paid in the previous quarter.

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About Alpine Banks of Colorado

Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.3 billion, independent, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With banking offices across Colorado’s Western Slope, mountains and Front Range, Alpine Bank employs 890 people and serves 170,000 customers with personal, business, wealth management*, mortgage and electronic banking services. Alpine Bank has a 5-star rating — meaning it has earned a superior performance classification — from BauerFinancial, an independent organization that analyzes and rates financial institutions’ performance in the U.S. Shares of the Class B Nonvoting Common Stock of Alpine Banks of Colorado trade under the symbol “ALPIB" on the OTCQX® Best Market. Learn more at www.alpinebank.com/media.

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

FAQ

What is the dividend amount for ALPIB?

The dividend amount for Class B nonvoting common shares (ALPIB) is $0.20.

When will the ALPIB dividend be paid?

The dividend will be paid on May 1, 2023.

What is the record date for the ALPIB dividend?

The record date for the ALPIB dividend is April 24, 2023.

Has the dividend for ALPIB changed from the previous quarter?

No, the dividend for ALPIB has remained unchanged from the previous quarter.

What is the financial status of Alpine Banks of Colorado?

Alpine Banks of Colorado has $6.3 billion in assets, indicating strong financial health.