OTC Markets Group Welcomes Alpine Banks of Colorado to OTCQX

NEW YORK, Sept. 9, 2020 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for over 10,000 U.S. and global securities, today announced Alpine Banks of Colorado (OTCQX: ALPIB), the holding company for Alpine Bank, has qualified to trade on the OTCQX® Best Market. With $4.7 billion in total assets, Alpine Banks of Colorado becomes the largest bank to trade on the OTCQX® Best Market. Alpine Banks of Colorado upgraded to OTCQX from the Pink® market.

Alpine Banks of Colorado begins trading today on OTCQX under the symbol "ALPIB." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Alpine Banks of Colorado President and Vice Chairman Glen Jammaron said: "Trading on the OTCQX® Best Market represents another accomplishment in our path to greater shareholder liquidity and growth in our shareholder base. As a fiercely independent Colorado community bank, engagement with our communities is vital to our long-term growth and success. The OTCQX® Best Market enables community members to become involved in the ownership of Alpine Banks of Colorado. We look forward to supplementing our strong employee ownership culture with a healthy and robust community shareholder base. Together we will propel Alpine Banks of Colorado to future success."

D. A. Davidson acted as the company's OTCQX sponsor.

About Alpine Banks of Colorado

Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $4.7 billion, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. With 40 banking offices across Colorado, Alpine Bank employs more than 750 people and serves more than 145,000 customers with personal, business, wealth management, mortgage and electronic banking services. Alpine Bank has a 5-star rating for financial strength by BauerFinancial, Inc., the nation's leading bank rating firm. The 5-star rating is BauerFinancial's highest rating for financial institutions. Learn more at www.alpinebank.com.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Subscribe to the OTC Markets RSS Feed

Media Contact:

OTC Markets Group Inc., +1 (212) 896-4428, [email protected] 

SOURCE OTC Markets Group Inc.

Related Links

http://www.otcmarkets.com