NEWS RELEASE
September 10, 2026
Contact:
Jay Rickstrew, President
Alpine Banks of Colorado
(970) 625-7276
[email protected]
Alpine Banks of Colorado and Alpine Bank announce senior leadership changes
GLENWOOD SPRINGS, Colo. — Alpine Banks of Colorado (OTCQX: ALPIB) (the “Company”), and its wholly owned subsidiary, Alpine Bank, are pleased to announce senior leadership changes effective as of September 10, 2026.
The President/CEO and Chairman of the Company and Alpine Bank, Glen Jammaron, has transitioned exclusively into the roles of CEO and Chairman. He will continue to focus on high-level banking directives aligning with Alpine Bank’s culture, brand and values.
As part of the leadership transition, Alpine Bank Chief Retail Officer Jay Rickstrew has been appointed President and Vice Chairman of the Company and President of Alpine Bank. In these roles, Rickstrew will oversee day-to-day operations of the Company and its subsidiaries, including Alpine Bank, and maintain accountability for operational and financial performance.
Additionally, Alpine Bank Regional President Matt Teeters has been appointed as Chief Retail Officer of Alpine Bank where he will oversee all retail banking functions, including retail deposit and loan operations, marketing, mortgage services and wealth management.
“These leadership appointments reflect our commitment to thoughtfully preparing the Company and Alpine Bank for the future while staying true to who we are,” said Jammaron. “By building greater focus and alignment across our leadership team, we seek to position the bank for continued success while remaining dedicated to our customers, communities, employees and shareholders.”
About Alpine Bank
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 Nonvoting Common Stock of Alpine Banks of Colorado trade under the symbol “ALPIB” on the OTCQX® Best Market. Learn more at alpinebank.com/media.
*Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.
