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 July 26, 2021, to shareholders of record by July 19, 2021. This dividend remains unchanged from the previous quarter. Additionally, a cash dividend of $24.00 per Class A voting common share will also be paid on the same date to its shareholders. The bank, founded in 1973, has over $5.6 billion in assets and employs more than 800 people across Colorado.

Positive

• Quarterly cash dividend of $0.16 per Class B share and $24.00 per Class A share indicates stable income for shareholders.
• Financial strength rating of 5 stars from BauerFinancial boosts investor confidence.

Negative

• None.

Glenwood Springs, Colo., July 08, 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 July 26, 2021, to shareholders of record at the close of business on July 19, 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 July 26, 2021, to shareholders of record at the close of business on July 19, 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 $5.6 billion, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With banking offices across Colorado, Alpine Bank employs more than 800 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 amount for ALPIB shares?

The dividend amount for Class B nonvoting common shares is $0.16 per share.

When is the dividend for ALPIB shares paid?

The dividend will be paid on July 26, 2021.

What is the record date for the ALPIB dividend?

The record date for the dividend is July 19, 2021.

Are there any changes in the dividend for ALPIB shares?

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