Alpine Banks of Colorado Restructures Senior Leadership Team
Alpine Banks of Colorado splits executive duties to separate strategic oversight from daily operations, appointing Jay Rickstrew as President and Matt Teeters as Chief Retail Officer.
Alpine Banks of Colorado (OTCQX: ALPIB) has reorganized its senior management structure effective September 10, 2026, to separate high-level strategic direction from day-to-day operational control. The company, which manages a $6.8 billion balance sheet through its subsidiary Alpine Bank, announced that Glen Jammaron will now serve exclusively as CEO and Chairman. This shift removes his previous dual role as President, allowing him to concentrate on aligning banking directives with the institution’s brand and long-term values.
To fill the operational gap left by Jammaron’s role change, Jay Rickstrew, formerly the Chief Retail Officer, has been appointed President and Vice Chairman of the parent company as well as President of Alpine Bank. Rickstrew assumes accountability for the operational and financial performance of the company and its subsidiaries. The restructuring is designed to create a clearer chain of command, ensuring that daily business activities are managed by a dedicated executive while the CEO focuses on corporate governance and strategic oversight.
Retail Banking Operations Shift to Teeters
The leadership transition also impacts the retail sector, where Matt Teeters, previously the Regional President, has been promoted to Chief Retail Officer of Alpine Bank. Teeters now oversees all retail banking functions, including deposit and loan operations, marketing, mortgage services, and wealth management. This appointment consolidates the management of customer-facing services under a single executive, replacing the previous structure where these functions were led by the incoming President.
Company Scale and Employee Ownership Structure
Alpine Bank operates as an independent, employee-owned organization founded in 1973, with headquarters in Glenwood Springs, Colorado. The bank employs 890 people and serves approximately 170,000 customers across Colorado’s Western Slope, mountains, and Front Range. The institution provides personal, business, wealth management, mortgage, and electronic banking services. According to GN stocks/banks data, the company maintains a five-star rating from BauerFinancial, an independent firm that analyzes the performance of U.S. financial institutions, indicating a superior performance classification.
Forward-Looking Statements and Regulatory Context
The company notes that its press release contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to future expectations, including macro-environment risks, Federal Reserve rate management, and regulatory capital standards. The bank cautions that actual results may differ materially due to inherent uncertainties and changes in circumstances. Shares of the Class B common stock trade under the symbol ALPIB on the OTCQX Best Market.
