Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) has announced a quarterly cash dividend for its shareholders. The company will pay $0.20 per Class B nonvoting common share on October 28, 2024, to shareholders of record as of October 21, 2024. Additionally, a dividend of $30.00 per Class A voting common share will be paid on the same dates.

The dividend amounts remain unchanged from the previous quarter. As per the company's Articles of Incorporation, the Class B dividend is set at 1/150th of the Class A dividend. While Class B shares are publicly traded on the OTCQX® Best Market under the symbol 'ALPIB', Class A shares are not publicly traded.

Positive

• Consistent dividend payment maintained from previous quarter
• $0.20 per Class B share and $30.00 per Class A share dividends declared
• Class B shares are publicly traded, providing liquidity for shareholders

Negative

• None.

GLENWOOD SPRINGS, Colo., Oct. 10, 2024 (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 October 28, 2024, to shareholders of record at the close of business on October 21, 2024. 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 October 28, 2024, to shareholders of record at the close of business on October 21, 2024. 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.

About Alpine Banks of Colorado
Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.5 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 nonvoting common stock of Alpine Banks of Colorado 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.

Contact:	Eric Gardey, Chief Financial Officer
	Alpine Banks of Colorado
	(970) 384-3257
	ericgardey@alpinebank.com

FAQ

When will Alpine Banks of Colorado (ALPIB) pay its next dividend?

Alpine Banks of Colorado (ALPIB) will pay its next dividend on October 28, 2024, to shareholders of record as of October 21, 2024.

What is the dividend amount for Alpine Banks of Colorado (ALPIB) Class B shares?

The dividend for Alpine Banks of Colorado (ALPIB) Class B nonvoting common shares is $0.20 per share.

Has Alpine Banks of Colorado (ALPIB) changed its dividend amount from the previous quarter?

No, Alpine Banks of Colorado (ALPIB) has maintained the same dividend amount as the previous quarter for both Class A and Class B shares.

Are Alpine Banks of Colorado (ALPIB) Class A shares publicly traded?

No, Alpine Banks of Colorado (ALPIB) Class A voting common shares are not publicly traded.