ALPINE BANKS OF COLORADO-B Business Summary

Alpine Banks of Colorado (ALPIB) operates as the bank holding company for Alpine Bank, a $6.8 billion independent, employee-owned community financial institution. The company generates revenue primarily through net interest income derived from a diversified loan portfolio—including commercial real estate, small business, and residential mortgage lending—and investment securities. Its non-interest income streams are driven by wealth management services, mortgage banking, and transaction-based fees from its electronic and retail banking segments. Serving over 170,000 customers across 39 locations, the bank maintains a strategic footprint in Colorado’s Western Slope, mountain communities, and the Front Range. Alpine Banks of Colorado competes directly with regional and local peers such as FirstBank, Bank of Colorado, and NBH Bank, as well as national entities like US Bank. It distinguishes itself as the fifth-largest deposit holder in Colorado, holding a dominant 28.65% market share in its historic Western Slope markets through a relationship-centric, community-focused service model. Founded in 1973 by the late J. Robert "Bob" Young, Alpine Banks of Colorado is currently led by Chairman and CEO Glen Jammaron, a 40-year veteran of the organization who succeeded the founder in December 2025. The executive leadership team includes Chief Financial Officer Mike Burns, who brings over 28 years of experience within the bank’s regional operations, and Chief Operations Officer Andrew Karow. Other key executives driving the company’s growth include Chief Credit Officer Rachel Gerlach, Chief Development Officer Glenn Davis, and Chief Retail Officer Jay Rickstrew. The company’s 18-member Board of Directors features prominent Colorado figures, including Raymond T. Baker, Colorado State University President Amy L. Parsons, and former Colorado Attorney General John W. Suthers. As an employee-owned entity, the bank’s culture and long-term strategy are heavily influenced by its internal stakeholders, ensuring a high degree of alignment between management and the local communities it serves.