Alpine Banks of Colorado announces results of exchange offer

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) completed an exchange offer to convert up to 800,000 Class A common shares into newly issued Class B shares on a one-for-one basis. As of the January 16, 2026 expiration, 790,791 Class A shares were validly tendered and all were accepted.

The company issued 790,791 Class B shares on January 26, 2026. As of January 27, 2026, Alpine had 7,025,409 Class A shares and 8,937,309 Class B shares outstanding. Equiniti Trust Company LLC acted as exchange agent.

Positive

• Exchange offer nearly fully subscribed: 790,791 of 800,000 shares tendered
• Issued 790,791 Class B shares on January 26, 2026, completing the exchange

Negative

• Class B outstanding increased to 8,937,309 as of January 27, 2026
• Class A outstanding reduced to 7,025,409 as of January 27, 2026

News Market Reaction

+3.54%

1 alert

+3.54% News Effect

On the day this news was published, ALPIB gained 3.54%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

GLENWOOD SPRINGS, Colo., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) (“Alpine” or the “Company”), the holding company for Alpine Bank, announced today the results of its previously announced offer to exchange up to 800,000 shares of its Class A common stock (“Class A Shares”) for newly-issued Class B common stock (“Class B Shares”) on a one-for-one basis. The Company’s transfer agent, Equiniti Trust Company LLC, served as the exchange agent for the exchange offer (“Exchange Agent”).

As reported by the Exchange Agent, as of 5:00 p.m., Mountain Time, on January 16, 2026, the expiration date of the exchange offer, an aggregate of 790,791 Class A Shares had been validly tendered in the exchange offer. The Company accepted for exchange all validly tendered Class A Shares and issued 790,791 Class B Shares on January 26, 2026, the settlement date. On January 27, 2026, the Company had outstanding 7,025,409 Class A Shares and 8,937,309 Class B Shares.

This press release is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any securities of the Company. The solicitation and the offer to exchange Class A Shares was made pursuant to a confidential offer to exchange and related materials that the Company provided to holders of record of Class A Shares in such jurisdictions as was permitted under applicable law.

About Alpine Banks of Colorado
Alpine Banks 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 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
	President and Chairman	Chief Financial Officer
	Alpine Banks of Colorado	Alpine Banks of Colorado
	2200 Grand Avenue	2200 Grand Avenue
	Glenwood Springs, CO 81601	Glenwood Springs, CO 81601
	(970) 384-3266	(970) 259-3090

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

How many ALPIB Class A shares were tendered in the January 2026 exchange offer?

An aggregate of 790,791 Class A shares were validly tendered. According to the company, that amount reflects tenders received by the 5:00 p.m. MT expiration on January 16, 2026.

When did Alpine Banks (ALPIB) settle the exchange and issue Class B shares?

The company issued the exchanged Class B shares on January 26, 2026. According to the company, that date served as the settlement date for the accepted tenders.

What are ALPIB's outstanding share counts after the exchange offer?

As of January 27, 2026, Alpine had 7,025,409 Class A shares and 8,937,309 Class B shares outstanding. According to the company, these are post-exchange totals.

Who served as exchange agent for Alpine Banks' ALPIB exchange offer?

Equiniti Trust Company LLC served as the exchange agent for the offer. According to the company, Equiniti administered tenders and reported final results.

Was the ALPIB exchange offer fully subscribed to its 800,000-share maximum?

The offer was nearly fully subscribed, with 790,791 shares tendered of the 800,000-share limit. According to the company, all valid tenders were accepted for exchange.

Does the ALPIB press release constitute an offer to buy or sell securities?

No. The press release is informational and does not constitute an offer to sell or solicitation to buy. According to the company, the solicitation was made pursuant to provided exchange materials to record holders.