Alpine Banks of Colorado Announces Quarterly Cash Dividend on Class B Nonvoting Common Shares and Class A Voting Common Shares, Payable on January 30, 2023
January 12, 2023 at 08:30 pm
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Alpine Banks of Colorado announced that a quarterly cash dividend of $0.20 per Class B nonvoting common share will be paid on January 30, 2023, to shareholders of record at the close of business on January 23, 2023. Per the Articles of Incorporation, dividends on the Class B nonvoting common stock shall be declared by the Board of Directors equal to 1/150th of the amount per share declared by the Board of Directors for each share of Class A voting common stock. Additionally, a quarterly cash dividend of $30.00 per Class A voting common share will be paid on January 30, 2023, to shareholders of record at the close of business on January 23, 2023. 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 represents an increase of 11.1% over the dividend paid in the previous quarter.
Alpine Banks of Colorado is a holding company of Alpine Bank (the Bank). The Company, through its subsidiary, provides a range of banking services to individuals and businesses at approximately 39 locations, primarily on the Western Slope and the Front Range of Colorado. The Bank's primary deposit products are demand deposits and certificates of deposit, and its primary lending products are commercial business, real estate mortgage, and installment loans. The Bank also owns real estate, which consists of commercial buildings. The Bank's personal banking services include personal checking, personal lending, online banking, personal savings, and home mortgage loans. The Bank's business banking services include business checking, business lending, commercial services, business online banking, business savings, and business services. The Bank's other services include trust investment management, custodial services, estate management, and tax management and reporting, among others.
Alpine Banks of Colorado Announces Quarterly Cash Dividend on Class B Nonvoting Common Shares and Class A Voting Common Shares, Payable on January 30, 2023
ALPINE BANKS OF COLORADO 
