GLENWOOD SPRINGS, Colo., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) announced that Glen Jammaron has been appointed as chief executive officer and chairman for Alpine Banks of Colorado and its wholly owned subsidiary, Alpine Bank. Jammaron succeeds J. Robert “Bob” Young, who founded Alpine Bank and served as its chairman for 53 years. Young passed away on December 11, 2025. “I am honored to continue the incredible legacy that Bob built for Alpine Bank,” noted Jammaron. “We ant ...

Core Insights - The passing of J. Robert "Bob" Young marks a significant loss for Alpine Bank and the community, as he was a pivotal figure in its establishment and growth [2][4][5] - Young's legacy includes a commitment to community service, employee ownership, and a culture of integrity within the bank [3][5][6] Company Overview - Alpine Bank, founded in 1973, has grown to become a respected financial institution in Colorado with 39 locations and $6.8 billion in assets [3][6] - The bank employs 890 people and serves approximately 170,000 customers, offering a range of financial services [6] Leadership and Impact - Bob Young's leadership philosophy emphasized caring for others and community connection, which has shaped the bank's mission [2][5] - Young's initiatives included the introduction of an employee stock ownership plan (ESOP) in 1983, fostering employee investment in the bank's future [3] Community Engagement - Young was actively involved in community service and philanthropy, notably through the creation of the Alpine Bank First-Generation Scholarship, benefiting over 300 college students [4] - His contributions extended to leadership roles in the Colorado Bankers Association and the Colorado state banking board [4] Legacy and Future - The values instilled by Young continue to guide Alpine Bank, ensuring a commitment to community service and integrity [5] - The bank's five-star rating from BauerFinancial reflects its superior performance in the financial sector [6]

Core Viewpoint - Alpine Banks of Colorado announced the planned retirement of board members Linda Childears and Steve Briggs, who will continue to serve until the 2026 annual meetings [1][5]. Group 1: Leadership Contributions - Steve Briggs has had a 45-year career at Alpine Bank, starting as a teller and eventually becoming president of multiple branches, including the Aspen branch [2][3]. - Linda Childears joined the board in July 2020, bringing extensive banking and nonprofit leadership experience, including roles at the Daniels Fund and Young Americans Bank [3][4]. Group 2: Community Involvement - Briggs has been actively involved in various community organizations, emphasizing the bank's commitment to serving the Roaring Fork Valley [3]. - Childears has served on numerous nonprofit boards in the Denver metro area, highlighting her dedication to community service [4]. Group 3: Future Leadership - The company is focused on identifying new leaders to join the boards of both the Company and Alpine Bank, ensuring alignment with their vision and values [5][6]. - Alpine Bank aims to maintain its commitment to Colorado communities through its leadership selection process [6]. Group 4: Company Overview - Alpine Banks of Colorado is an independent, employee-owned organization with $6.8 billion in assets, founded in 1973, and headquartered in Glenwood Springs, Colorado [6]. - The bank employs 890 people and serves 170,000 customers across various banking services, holding a five-star rating from BauerFinancial [6].

Core Viewpoint - Alpine Banks of Colorado has announced an exchange offer for up to 800,000 shares of Class A common stock for newly issued Class B common stock on a one-for-one basis, aimed at enhancing marketability for shareholders [1][2]. Group 1: Exchange Offer Details - The exchange offer will begin on December 12, 2025, and will expire at 5:00 p.m. Mountain Time on January 16, 2026, unless extended [3]. - If the exchange offer is oversubscribed, Class A Shares will be exchanged on a pro rata basis, and no fractional Class B Shares will be issued [1][2]. Group 2: Marketability and Shareholder Benefits - The lack of a publicly traded market for Class A Shares limits their marketability, while Class B Shares are listed on the OTCQX Best Market, providing better opportunities for sale [2]. - The exchange offer is expected to support the interests of shareholders, employee owners, and the communities served by the bank [3]. Group 3: Regulatory Compliance - The company is relying on Section 3(a)(9) of the Securities Act of 1933 to exempt the Class B Shares from registration requirements, ensuring no commissions are paid for soliciting the exchange [4]. Group 4: Company Overview - Alpine Banks of Colorado is an independent, employee-owned organization with $6.8 billion in assets, founded in 1973, and serves 170,000 customers across Colorado [6]. - The bank employs 890 people and offers a range of services including personal, business, wealth management, mortgage, and electronic banking [6].

Core Points - James Beckwith, President and CEO of Five Star Bancorp, has been named Sacramentan of the Year by the Sacramento Metropolitan Chamber of Commerce for his two decades of leadership and community investment [1][2] - Under Beckwith's leadership, Five Star Bank has received multiple awards, including the Sacramento Business Journal's Corporate Champion of the Year and the Greater Sacramento Economic Council's Sustainability Award [3] - Five Star Bank has expanded its operations into San Francisco's Financial District in 2024 and Walnut Creek in 2025, enhancing its business banking services [5] Company Achievements - Five Star Bank has been recognized as one of S&P Global Market Intelligence's Top 3 Best-Performing Community Banks in the nation, with assets between $3 billion and $10 billion [7] - The bank received the 2024 Raymond James Community Bankers Cup and was listed among Piper Sandler's Sm-All Stars for 2023 and 2024 [7] - In 2025, Five Star Bank ranked 4 among U.S. banks with assets less than $5 billion by Bank Director Magazine's RankingBanking [7] Community Involvement - Beckwith has significantly supported non-profit organizations in the Greater Sacramento Region, including Saint John's Program for Real Change and Sacramento Regional Conservation Corps [4] - The bank has invested in local educational institutions, such as Cristo Rey High School and Capital College & Career Academy, to foster the next generation of leaders [4] - Beckwith serves on several boards, including the Greater Sacramento Economic Council and the California Bankers Association, advocating for economic development [4]

Core Points - Five Star Bancorp's President and CEO, James Beckwith, has been named Sacramentan of the Year by the Sacramento Metropolitan Chamber of Commerce for his significant contributions to the Capital Region over the past 20 years [1][2][3] Company Achievements - Under Beckwith's leadership, Five Star Bank has received multiple awards, including the Sacramento Business Journal's Corporate Champion of the Year and the Greater Sacramento Economic Council's Sustainability Award [3] - The bank has been recognized as one of S&P Global Market Intelligence's Top 3 Best-Performing Community Banks in the nation, and it received the 2024 Raymond James Community Bankers Cup [7] - In 2025, Five Star Bank was ranked 4 among U.S. banks with assets less than $5 billion by Bank Director Magazine [7] Community Involvement - Beckwith has actively supported various non-profit organizations and educational institutions, including Cristo Rey High School and Capital College & Career Academy [4] - He serves on several boards, including the Greater Sacramento Economic Council and the California Bankers Association, promoting economic development in the region [4] Expansion Efforts - In 2024, Five Star Bank expanded into San Francisco's Financial District, followed by an expansion into Walnut Creek in 2025, enhancing its business banking services [5]

Core Viewpoint - Alpine Banks of Colorado reported strong financial results for the third quarter of 2025, with net income of $18.5 million, reflecting growth in return on assets (ROA) and return on equity (ROE) as well as earnings per share and book value per share [1][2]. Financial Performance - Net income for Q3 2025 was $18.5 million, up from $17.6 million in Q2 2025 [2]. - Interest income increased by $2.3 million in Q3 2025 compared to Q2 2025, driven by higher yields and increased loan volume [2]. - Noninterest income rose by $0.5 million in Q3 2025, mainly due to higher service charges on deposit accounts [2]. - Noninterest expense increased by $0.7 million in Q3 2025, primarily due to higher salary and employee benefit expenses [2]. - A provision for loan losses of $1.7 million was recorded in Q3 2025, slightly up from $1.6 million in Q2 2025 [2]. Year-to-Date Performance - For the nine months ended September 30, 2025, net income was $50.5 million, compared to $35.9 million for the same period in 2024 [3]. - Interest income for the first nine months of 2025 increased by $12.5 million compared to the same period in 2024 [3]. - Noninterest income increased by $1.7 million year-over-year, primarily from bank-owned life insurance earnings and service charges [3]. - Noninterest expense rose by $7.0 million compared to the first nine months of 2024 [3]. Asset and Loan Growth - Total assets increased by $212.8 million, or 3.2%, to $6.82 billion as of September 30, 2025 [5]. - Loans outstanding totaled $4.2 billion as of September 30, 2025, reflecting a $34.1 million increase during Q3 2025 [7]. - Year-over-year, loans outstanding increased by $216.1 million, or 5.3%, compared to $4.0 billion on September 30, 2024 [8]. Deposit Trends - Total deposits increased by $184.6 million, or 3.1%, to $6.1 billion during Q3 2025 [9]. - Year-over-year, total deposits increased by $187.1 million, or 3.2%, compared to $5.9 billion on September 30, 2024 [10]. - Noninterest-bearing demand accounts comprised 31.7% of all deposits as of September 30, 2025, up from 29.9% on June 30, 2025 [9]. Capital Position - The Bank is designated as "well capitalized," with a Tier 1 Leverage Ratio of 10.02% and a Total Risk-Based Capital Ratio of 15.47% as of September 30, 2025 [11]. - The Company's consolidated Tier 1 Leverage Ratio was 9.75% as of September 30, 2025 [11]. Shareholder Returns - The Company paid cash dividends of $0.21 per Class A and Class B common shares during Q3 2025 [13].

Core Insights - Horizon Bancorp has appointed Larry S. Magnesen as an independent director on its Board of Directors, effective October 10, 2025 [1] - Magnesen brings over 40 years of banking experience, having held senior roles at Fifth Third Bank and other financial institutions [2] - His expertise is expected to enhance Horizon's strategic growth and community support initiatives [3] Company Overview - Horizon Bancorp, Inc. is a commercial bank holding company with assets totaling $7.7 billion as of June 30, 2025 [4] - The company operates in economically attractive Midwestern markets, offering a range of banking services including residential lending, personal banking, wealth management, and business banking [4] - Horizon Bank utilizes digital tools alongside its physical branches in Indiana and Michigan to serve its customers [4]

Core Viewpoint - Westpac Banking Corporation is adapting to the shift towards digital banking by cutting 200 teller and personal banking roles while simultaneously investing in digital infrastructure and expanding its lending workforce [1][2][3]. Group 1: Workforce Changes - The company will eliminate approximately 200 roles focused on in-person counter services across its Australian branches [1][2]. - Affected employees may be redeployed into lending roles or receive retraining for digital support positions [2]. Group 2: Digital Investment - Westpac plans to invest AU$200 million (about $132 million) over three years to enhance ATMs and branch facilities [2]. - An additional AU$5 million will be allocated for staff training in FY26 [2]. Group 3: Lending Expansion - The bank will create 200 new positions in home lending and small business banking to leverage the growing broker channel in Australia [3]. - Business lending has seen a year-over-year increase of 14%, indicating a strategic focus on higher-margin lending segments [3]. Group 4: Company Overview - Westpac is one of Australia's "Big Four" banks, providing a range of banking services across Australia, New Zealand, and the Pacific [4].

Company Overview - Endeavor Bancorp is the holding company for Endeavor Bank, primarily focused on serving Southern California businesses and their owners with local decision-making and relationships [5][6] - The bank is headquartered in downtown San Diego and operates additional offices in Carlsbad and La Mesa, with production teams throughout Southern California [6] Recent Financial Performance - For Q2 2025, Endeavor Bancorp reported a net income of $1.07 million, or $0.25 per diluted share, a decrease from $1.36 million, or $0.32 per diluted share in Q1 2025, but an increase from $760,000, or $0.18 per diluted share in Q2 2024 [9] - The net interest margin increased to 4.21% in Q2 2025, up nine basis points from Q1 2025 and 51 basis points from Q2 2024 [9] - Total assets rose by $42.3 million, or 6.0%, to $746.9 million at June 30, 2025, compared to $704.6 million at March 31, 2025, and increased by $153.1 million, or 25.8%, year-over-year [9] - Total loans outstanding increased by $28.1 million, or 4.7%, to $625.9 million at June 30, 2025, and rose by $142.5 million, or 29.5%, compared to the previous year [9] - Total deposits increased by $41.2 million, or 6.6%, to $667.4 million at June 30, 2025, and grew by $149.2 million, or 28.8%, year-over-year [9] Upcoming Events - Steven Sefton, President, and Julie Glance, CFO, will present at the Financial Services Virtual Investor Conference on September 25, 2025, at 12:30 pm EDT [1][2] - The event will allow real-time questions from investors, with an archived webcast available for those unable to attend live [2][3] Ratings and Recognition - Endeavor Bank has received a Five-Star "Superior" rating from Bauer Financial for strong financial performance, the highest rating from the independent bank rating firm [7] - DepositAccounts.com has awarded Endeavor Bank an A rating [7]