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News  ›  GlobeNewswire Inc.

Alpine Banks of Colorado issues $75 million in subordinated debt

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glen Jammaron
Alpine Banks of Colorado issues $75 million in subordinated debt

Alpine Banks of Colorado successfully placed $75 million in fixed-to-floating rate subordinated notes due 2035, which will be used to redeem existing notes and support general corporate purposes.

Insights
SEE   neutral

Offers protective packaging solutions with some sustainable options, but historically focused on traditional plastic materials


ALPIB   positive

The bank completed a strategic debt offering that strengthens its capital base, provides financial flexibility, and positions the company for long-term value creation