Alpine Banks of Colorado announces stock repurchase program

Core Viewpoint - Alpine Banks of Colorado has announced a stock repurchase program to buy back up to $5 million of its Class B voting common stock, reflecting confidence in the company's future and aiming to enhance shareholder value [1][3]. Group 1: Stock Repurchase Program Details - The stock repurchase program is set to commence on or about February 5, 2026, following an exchange offer of Class B voting common stock for Class A voting common stock [2]. - The program will expire on July 31, 2026, unless terminated or completed earlier, with repurchase amounts depending on market conditions, available funds, regulatory requirements, and the company's financial performance [3][4]. - Repurchases may occur through various methods, including open-market purchases and negotiated private transactions, in accordance with relevant securities regulations [3]. Group 2: Company Background - Alpine Banks of Colorado is an independent, employee-owned organization with total assets of $6.8 billion, founded in 1973 and headquartered in Glenwood Springs, Colorado [6]. - The company employs 890 people and serves approximately 170,000 customers, offering a range of financial services including personal, business, wealth management, mortgage, and electronic banking [6]. - Alpine Bank has received a five-star rating from BauerFinancial, indicating superior performance among financial institutions in the U.S. [6].