Alpine Banks of Colorado announces retirement of two directors

GLENWOOD SPRINGS, Colo., Dec. 04, 2025 (GLOBE NEWSWIRE) — Alpine Banks of Colorado (OTCQX: ALPIB) (the “Company”) announced today the planned retirement of Linda Childears and Steve Briggs from the boards of directors of the Company and the Company’s wholly owned subsidiary, Alpine Bank. Childears and Briggs will continue to serve their terms ending at the 2026 annual meetings of the Company and Alpine Bank.

“Steve and Linda’s leadership have shaped not just our bank, but the lives of countless people in Colorado,” said Alpine Bank President and Vice Chairman Glen Jammaron. “We’re grateful for their wisdom and friendship, and while we’ll miss their voices at the table, their impact will always be part of who we are.”

Briggs moved to the Roaring Fork Valley in 1974 from New York with his wife Geri. He started as a teller in Snowmass and holds the distinction of being Alpine Bank’s first management trainee. During his 45-year career with the bank, Briggs was named president of the Basalt branch in 1980, then Snowmass in 1987 and he opened Alpine Bank Aspen in 1990.

Elected to the board in 1982, Briggs has also been deeply involved in community organizations, including the Aspen Chamber of Commerce, Aspen Medical Foundation, Neighbor to Neighbor and The Buddy Program.

“Alpine Bank has been more than a career, it’s been a family and a community,” said Briggs. “I am proud of what we’ve built together and the relationships that have grown along the way. Serving our customers and supporting the Roaring Fork Valley has been the honor of a lifetime.”

Childears joined Alpine Bank’s board in July 2020, bringing decades of banking experience and nonprofit leadership. She served as president and CEO of the Daniels Fund, CEO of Young Americans Bank and held executive roles at Equitable Bank of Littleton and First National Bank Corporation.

Her accolades include the Del Hock Lifetime Achievement Award and recognition among Colorado’s 25 Most Powerful Women. Childears is also very giving of her time, having served on countless nonprofit boards in the Denver metro area. She and her husband Don look forward to traveling and continuing their mentorship of young people in Colorado.

“Joining Alpine Bank’s board was an opportunity to work alongside people who truly care about Colorado communities,” said Childears. “I’ve valued every moment of contributing to a bank that prioritizes integrity and service.”

Looking ahead, the Company anticipates being actively engaged in identifying new leaders to join the Company board and the board of Alpine Bank.

“As we celebrate Linda and Steve’s remarkable contributions, we’re also excited about the future” said Jammaron. “Alpine Bank seeks leaders who share our vision and commitment to Colorado. This ensures our board continues to reflect the values that have guided us for more than 50 years.”

About Alpine Banks of Colorado
Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.8 billion independent, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. Alpine Bank employs 890 people and serves 170,000 customers with personal, business, wealth management*, mortgage and electronic banking services across Colorado’s Western Slope, mountains and Front Range. Alpine Bank has a five-star rating — meaning it has earned a superior performance classification — from BauerFinancial, an independent organization that analyzes and rates the performance of financial institutions in the United States. Shares of the Class B Common Stock of the Company trade under the symbol “ALPIB” on the OTCQX® Best Market. Learn more at www.alpinebank.com.

*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.

A note about forward-looking statements
This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “reflects,” “believes,” “can,” “would,” “should,” “will,” “estimates,” “looks forward to,” “continues,” “expects” and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding our evaluation of macro-environment risks, Federal Reserve rate management, and trends reflecting things such as regulatory capital standards and adequacy. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. There are many factors that could cause actual results to differ materially from those contemplated by forward-looking statements. Any forward-looking statement made by us in this press release or in any subsequent written or oral statements attributable to the Company are expressly qualified in their entirety by the cautionary statements above. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.