GlobeNewswire Inc | Jul 8, 2021 04:00PM EDT

July 08, 2021

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 nations leading bank rating firm. The 5-star rating is BauerFinancials 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.

Eric GardeyAlpine Banks of Colorado9703843257ericgardey@alpinebank.com