Alpine Banks of Colorado Announces Common Shareholder Dividend

Rhea-AI Summary

On January 13, 2022, Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.18 per Class B nonvoting common share, payable on January 31, 2022. Shareholders of record as of January 24, 2022 will receive this dividend. The dividend reflects a 12.5% increase compared to the previous quarter. In addition, a dividend of $27.00 for Class A voting shares has also been declared, although these shares are not publicly traded. Alpine Banks, an employee-owned organization with $6.2 billion in assets, prides itself on financial strength and customer service.

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• Quarterly dividend of $0.18 per Class B share reflects a 12.5% increase from the previous quarter.
• Alpine Banks is an employee-owned organization with $6.2 billion in assets, indicating financial stability.

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• None.

Glenwood Springs, Colo., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.18 per Class B nonvoting common share will be paid on January 31, 2022, to shareholders of record at the close of business on January 24, 2022. 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 $27.00 per Class A voting common share will be paid on January 31, 2022, to shareholders of record at the close of business on January 24, 2022. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $27.00 per Class A voting common share and $0.18 per Class B nonvoting common share represents an increase of 12.5% over 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 $6.2 billion, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With banking offices across Colorado, Alpine Bank employs nearly 800 people and serves more than 160,000 customers with personal, business, wealth management*, mortgage and electronic banking services. Alpine Bank has a 5-star rating for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. The 5-star rating is BauerFinancial’s highest rating for financial institutions. Learn more at www.alpinebank.com. Shares of the Class B Nonvoting Common Stock of Alpine Banks of Colorado trade under the symbol “ALPIB" on the OTCQX® Best Market.

 *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 quarterly dividend for ALPIB is $0.18 per Class B nonvoting common share.

When will the ALPIB dividend be paid?

The dividend will be paid on January 31, 2022, to shareholders of record as of January 24, 2022.

What was the increase in the ALPIB dividend compared to the previous quarter?

The dividend represents a 12.5% increase over the dividend paid in the previous quarter.

What is the significance of the Class A voting shares dividend?

The Class A voting shares will receive a dividend of $27.00, although these shares are not publicly traded.