Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado announces quarterly cash dividends for Class A and Class B shares.

Positive

• Alpine Banks of Colorado will pay a quarterly cash dividend of $0.20 per Class B nonvoting common share and $30.00 per Class A voting common share on October 30, 2023. The dividends are unchanged from the previous quarter.

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• None.

GLENWOOD SPRINGS, Colo, Oct. 12, 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 October 30, 2023, to shareholders of record at the close of business on October 23, 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 October 30, 2023, to shareholders of record at the close of business on October 23, 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 $6.6 billion, 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 800 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 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.

When will Alpine Banks of Colorado pay the dividends?

The dividends will be paid on October 30, 2023.

What is the dividend amount for Class B nonvoting common shares?

The dividend amount for Class B nonvoting common shares is $0.20 per share.

What is the dividend amount for Class A voting common shares?

The dividend amount for Class A voting common shares is $30.00 per share.

Are the dividends unchanged from the previous quarter?

Yes, the dividends remain the same as the previous quarter.