Alpine Banks of Colorado announces common shareholder dividend

Rhea-AI Summary

Alpine Banks of Colorado (OTCQX: ALPIB) declares unchanged quarterly cash dividends of $30.00 per Class A voting common share and $0.20 per Class B nonvoting common share, to be paid on January 29, 2024, to shareholders of record at the close of business on January 22, 2024.

Glenwood Springs, Colo., Jan. 11, 2024 (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 January 29, 2024, to shareholders of record at the close of business on January 22, 2024. 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 January 29, 2024, to shareholders of record at the close of business on January 22, 2024. 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 $6.5 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 nonvoting common stock of Alpine Banks of Colorado trade under the symbol “ALPIB" on the OTCQX® Best Market. Learn more at alpinebank.com/media.
*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.

FAQ

What is the dividend for Alpine Banks of Colorado Class A voting common share?

The dividend for Alpine Banks of Colorado Class A voting common share is $30.00 per share.

What is the dividend for Alpine Banks of Colorado Class B nonvoting common share?

The dividend for Alpine Banks of Colorado Class B nonvoting common share is $0.20 per share.

When will the dividends be paid?

The dividends will be paid on January 29, 2024.

How are the dividends determined?

The dividends for Class B nonvoting common stock are one-one-hundred-fiftieth of the amount per share declared for each share of Class A voting common stock.

Where are Alpine Banks of Colorado Class B nonvoting common shares traded?

Alpine Banks of Colorado Class B nonvoting common shares are publicly traded on the OTCQX® Best Market under the symbol 'ALPIB'.