Alpine Banks of Colorado Declares Increased Quarterly Dividend

Alpine Banks of Colorado Declares Increased Quarterly Dividend

Alpine Banks of Colorado (OTCQX: ALPIB) has made a significant announcement regarding its upcoming quarterly cash dividends. The organization is set to distribute $0.21 per Class B nonvoting common share to its shareholders. This payout will happen on a designated date known to shareholders of record. Additionally, Class A voting common shares will see a more substantial dividend payment, reflecting the bank's commitment to rewarding its shareholders.

Understanding the Dividend Payments

Both classes of shares, Class A and Class B, will receive dividends on the same date. Specifically, shareholders of Alpine Banks of Colorado can expect their dividends paid on January 27. This practice highlights Alpine's strategic approach to dividend distribution, ensuring clarity and consistency for its investors. The company declared that dividends for Class B shares are determined based on a specific ratio to Class A shares, ensuring fairness and proportionality among shareholders.

The Impact of the Dividend Increase

This year, the announced dividend amounts represent a noteworthy 5% increase over the dividend paid in the previous quarter. This increase not only reflects the bank's solid financial health but also reinforces its dedication to its investors and the community at large. By maintaining and even increasing dividend payments, Alpine Banks of Colorado showcases its profitable operations and commitment to stakeholder satisfaction.

A Closer Look at the Company

Founded in 1973, Alpine Banks of Colorado operates as a robust independent organization. It boasts an impressive profile with over $6.5 billion in assets, highlighting its significant presence in the banking sector. The institution is employee-owned, which often translates into a motivated workforce dedicated to providing quality service to its clients.

Services Offered by Alpine Banks of Colorado

Through its primary subsidiary, Alpine Bank, the organization caters to a diverse clientele, providing tailored services, including personal banking, business solutions, wealth management, mortgage services, and electronic banking. With a workforce of 890 employees, Alpine Banks of Colorado serves around 170,000 customers across various regions in Colorado.

Reputation and Ratings

Alpine Banks of Colorado's commitment to excellence is reflected in its prestigious five-star rating from BauerFinancial. This rating distinguishes the bank as having superior performance among financial institutions across the country. As a reputable entity, Alpine continues to enhance its service offerings while ensuring the satisfaction of its customers and shareholders alike.

Contact Information

For further inquiries or more information about Alpine Banks of Colorado, Eric Gardey, the Chief Financial Officer, can be reached directly. Interested parties can contact him via telephone or through email. Engaging with the bank through these channels allows potential investors and customers to explore diverse banking opportunities or clarify any queries regarding shareholder matters.

Frequently Asked Questions

What is the amount of the announced dividend for Class B shares?

The announced dividend for Class B nonvoting shares is $0.21.

When will the dividends be paid out?

Dividends are scheduled to be paid on January 27, with the record date set for January 20.

How does the dividend for Class B shares compare to Class A shares?

The dividend for Class B shares is proportional to the dividends of Class A shares, which will receive $31.50 each.

What services does Alpine Banks of Colorado provide?

Alpine Banks of Colorado offers various banking services, including personal banking, business banking, mortgage services, and wealth management.

Who should I contact for more information?

For more information, you can contact Eric Gardey, the Chief Financial Officer, at (970) 384-3257 or via email at ericgardey@alpinebank.com.

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