GLENWOOD SPRINGS, Colo., Nov. 24, 2025 (GLOBE NEWSWIRE) -- Alpine Banks of Colorado (OTCQX:ALPIB) ("Alpine" or the "Company"), the holding company for Alpine Bank, announced today that it has completed the private placement of $75 million in fixed-to-floating rate subordinated notes due 2035. The notes have been structured to qualify as Tier 2 capital under bank regulatory guidelines. The Company intends that proceeds from the sale of the notes will be used to redeem the Company's $50 million subordinated notes due 2030 and for general corporate purposes. The Company is entitled to redeem the notes, in whole or in part, on any interest payment date on or after November 21, 2030, and to redeem the notes at any time in whole upon meeting certain other specified requirements.

"Closing this $75 million subordinated debt offering is a strategic win for the Company. It accomplishes two key goals: it bolsters our capital base and takes advantage of attractive financing options," said Alpine Bank President and Vice Chairman Glen Jammaron. "We believe this positions us well to create long-term value for our shareholders and reinforces our commitment to making Colorado a better place to live, work and raise a family."

Performance Trust Capital Partners, LLC served as the sole placement agent and was advised by Holland & Knight LLP. Alpine Banks of Colorado was advised by Womble Bond Dickinson (US) LLP.

The notes have not been registered under the Securities Act of 1933, as amended ("Act"), or under the securities laws of any state, and were offered and sold pursuant to an applicable exemption from registration ...