Alpine Banks of Colorado announces retirement of two directors
Rhea-AI Summary
Alpine Banks of Colorado (OTCQX: ALPIB) announced the planned retirement of directors Linda Childears and Steve Briggs, who will continue to serve through their terms ending at the 2026 annual meetings of the Company and its wholly owned subsidiary, Alpine Bank.
Briggs is a 45-year bank veteran and board member since 1982 with deep community ties in the Roaring Fork Valley. Childears joined the board in July 2020 with decades of banking and nonprofit leadership experience. The company said it will actively seek new board members who reflect its Colorado-focused values.
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News Market Reaction – ALPIB
On the day this news was published, ALPIB declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Regional bank peers AMBZ, DSBX, FNBT, and FMCB show modest gains (up to 1.58%), while FFMR is flat, suggesting a broadly constructive backdrop but not a synchronized sector momentum event.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 04 | Board changes | Neutral | +0.0% | Announced planned retirement of two long-serving directors effective after 2026 meetings. |
| Dec 02 | Exchange offer | Neutral | +0.0% | Voluntary exchange of up to 800,000 Class A shares into listed Class B shares. |
| Nov 24 | Debt issuance | Neutral | +0.1% | Issued $75M subordinated notes to redeem $50M 2030 notes and for general purposes. |
| Oct 30 | Q3 earnings | Positive | +5.7% | Reported higher EPS, expanding net interest margin, and growth in assets, loans, deposits. |
| Oct 09 | Dividend declaration | Positive | +0.2% | Declared $0.21 per share cash dividend on Class A and B common stock. |
Recent clearly positive events like Q3 2025 earnings and the October dividend coincided with modest to strong positive price reactions, while capital structure and management updates have seen minimal moves.
This announcement follows a series of capital and shareholder-focused actions. In October 2025, Alpine Banks reported strong Q3 results with net income of $18.5M, EPS of $1.16, and a 5.68% next-day price gain. A $0.21 dividend was declared on Oct 9, 2025 with a small positive reaction. The bank then issued $75M of subordinated debt and launched a voluntary exchange offer for up to 800,000 Class A shares. Against this backdrop, the planned director retirements represent governance continuity rather than a strategic shift.
Market Pulse Summary
This announcement describes the planned retirement of two long-serving directors, with both continuing to serve until the 2026 annual meetings while the company seeks new board members. It emphasizes leadership continuity and community-focused governance rather than operational or financial changes. In context of recent Q3 net income of $18.5M, EPS of $1.16, and recent capital actions, investors may watch future disclosures for how new directors support the bank’s long-term strategic priorities.
Key Terms
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AI-generated analysis. Not financial advice.
GLENWOOD SPRINGS, Colo., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) (the “Company”) announced today the planned retirement of Linda Childears and Steve Briggs from the boards of directors of the Company and the Company’s wholly owned subsidiary, Alpine Bank. Childears and Briggs will continue to serve their terms ending at the 2026 annual meetings of the Company and Alpine Bank.
"Steve and Linda’s leadership have shaped not just our bank, but the lives of countless people in Colorado,” said Alpine Bank President and Vice Chairman Glen Jammaron. “We’re grateful for their wisdom and friendship, and while we’ll miss their voices at the table, their impact will always be part of who we are.”
Briggs moved to the Roaring Fork Valley in 1974 from New York with his wife Geri. He started as a teller in Snowmass and holds the distinction of being Alpine Bank’s first management trainee. During his 45-year career with the bank, Briggs was named president of the Basalt branch in 1980, then Snowmass in 1987 and he opened Alpine Bank Aspen in 1990.
Elected to the board in 1982, Briggs has also been deeply involved in community organizations, including the Aspen Chamber of Commerce, Aspen Medical Foundation, Neighbor to Neighbor and The Buddy Program.
"Alpine Bank has been more than a career, it’s been a family and a community,” said Briggs. “I am proud of what we’ve built together and the relationships that have grown along the way. Serving our customers and supporting the Roaring Fork Valley has been the honor of a lifetime."
Childears joined Alpine Bank’s board in July 2020, bringing decades of banking experience and nonprofit leadership. She served as president and CEO of the Daniels Fund, CEO of Young Americans Bank and held executive roles at Equitable Bank of Littleton and First National Bank Corporation.
Her accolades include the Del Hock Lifetime Achievement Award and recognition among Colorado’s 25 Most Powerful Women. Childears is also very giving of her time, having served on countless nonprofit boards in the Denver metro area. She and her husband Don look forward to traveling and continuing their mentorship of young people in Colorado.
"Joining Alpine Bank’s board was an opportunity to work alongside people who truly care about Colorado communities,” said Childears. “I’ve valued every moment of contributing to a bank that prioritizes integrity and service.”
Looking ahead, the Company anticipates being actively engaged in identifying new leaders to join the Company board and the board of Alpine Bank.
"As we celebrate Linda and Steve’s remarkable contributions, we’re also excited about the future” said Jammaron. “Alpine Bank seeks leaders who share our vision and commitment to Colorado. This ensures our board continues to reflect the values that have guided us for more than 50 years.”
About Alpine Banks of Colorado
Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a
*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.
| Contacts: | Glen Jammaron President and Vice Chairman Alpine Banks of Colorado 2200 Grand Avenue Glenwood Springs, CO 81601 (970) 384-3266 | Mike Burns Chief Financial Officer Alpine Bank 2200 Grand Avenue Glenwood Springs, CO 81601 (970) 384-3505 |
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.
| Contact: | Glen Jammaron, President Alpine Bank (970) 384-3266 glenjammaron@alpinebank.com |
FAQ
When will Linda Childears and Steve Briggs leave the Alpine Banks of Colorado board (ALPIB)?
What roles did Steve Briggs hold before retiring from Alpine Bank board (ALPIB)?
What is Linda Childears' background on the Alpine Bank board (ALPIB)?
How will Alpine Banks of Colorado (ALPIB) replace the retiring directors?
Will the retirements of Childears and Briggs immediately affect ALPIB governance?
