Company Profile
- Alpine Banks of Colorado (“Alpine” or “the company”) is the BHC for Colorado-chartered Alpine Bank (founded in 1973), whose private Class A voting stock remains majority-owned by a combination of its two founders (one that remains Chairman), along with other directors and employees, including a 23% Class A stake owned by the ESOP that was created in 1983. Alpine’s non-voting Class B shares are thinly traded (OTC: ALPIB).
- With the leading and organically based deposit share position in the Western Slope (CO) markets through 39 branches, Alpine expanded east to the Front Range (Denver, Boulder, Fort Collins, and Colorado Springs MSAs) beginning in 2014 and currently has nearly $500 million of deposits in 6 area branches. Moreover, management plans to continue exploring options for de novo locations along the Front Range, notably, a branch in Aurora opening in 2024.
- A real estate-oriented lender at its core, Alpine balances a not insignificant…