Alpine Banks of Colorado Announces Shareholder Approval of Forward Stock Split of Class B Nonvoting Common Shares

Nov 12, 2020

Glenwood Springs, Colo., Nov. 12, 2020 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX: ALPIB) (“Alpine”), the holding company for Alpine Bank, announced today that its shareholders voted to approve amended and restated Articles of Incorporation to increase the number of Alpine’s authorized Class B nonvoting common shares, effect a 150-for-1 stock split of the Class B shares and provide that dividends payable on the Class B shares shall equal 1/150^th of any dividends paid on Alpine’s Class A voting shares, among other things. The amended and restated Articles of Incorporation and the related stock split will become effective upon filing with the Colorado Secretary of State which Alpine anticipates will occur on December 1, 2020.

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