Alpine Banks of Colorado declares common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) announced a quarterly cash dividend of $0.16 per Class B nonvoting common share, payable on November 1, 2021. Shareholders of record as of October 25, 2021 will receive this dividend, which is unchanged from the previous quarter. The Class A voting shares will also maintain a quarterly dividend of $24.00, reflecting stability in the company's dividend policy. Alpine Banks, which operates a $5.8 billion organization, employs over 790 people, providing a range of banking services across Colorado.

Positive

• Quarterly cash dividend of $0.16 per Class B shares, indicating consistent returns to shareholders.
• Ongoing $24.00 dividend for Class A shares shows stability and confidence in financial performance.

Negative

• None.

Glenwood Springs, Colo., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.16 per Class B nonvoting common share will be paid on November 1, 2021, to shareholders of record at the close of business on October 25, 2021. 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 $24.00 per Class A voting common share will be paid on November 1, 2021, to shareholders of record at the close of business on October 25, 2021. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

The dividend of $24.00 per Class A voting common share and $0.16 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 $5.8 billion, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With banking offices across Colorado, Alpine Bank employs more than 790 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 payment date for ALPIB?

The dividend payment date for ALPIB is November 1, 2021.

How much is the dividend for Class B nonvoting common shares of ALPIB?

The dividend for Class B nonvoting common shares of ALPIB is $0.16.

Who is eligible to receive the ALPIB dividends?

Shareholders of record at the close of business on October 25, 2021, are eligible to receive the ALPIB dividends.

Is the ALPIB dividend amount changing?

No, the dividend amount for both Class A and Class B shares is unchanged from the previous quarter.

What is the financial strength rating of Alpine Banks of Colorado?

Alpine Banks of Colorado has a 5-star financial strength rating by BauerFinancial, Inc.