Alpine Banks of Colorado announced that a quarterly cash dividend of $0.20 per Class B nonvoting common share will be paid on May 1, 2023, to shareholders of record at the close of business on April 24, 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 May 1, 2023, to shareholders of record at the close of business on April 24, 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 is unchanged from the dividend paid in the previous quarter.