Company News

Alpine Bank Opens First Denver Branch in New Union Station Neighborhood

(Denver, Colo.) – April 2, 2014Alpine Bank of Colorado, a locally operated and employee-owned $2.4 billion-dollar organization, is excited to announce the opening of its first Denver branch, located at 1777 Wynkoop Street in the IMA building in the highly anticipated new Union Station neighborhood. In addition to its official opening on Saturday, April 12, Alpine Bank is announcing a contest for local entrepreneurs to conclude its What Does LoDo Need? campaign. The person with the best idea will receive a $100,000, two year, interest-free small business loan.

“We are thrilled to open our first location in Downtown Denver, and expand our services from the mountains to the city,” said Norm Franke, Alpine Bank Regional President for the Denver Market. “It is particularly exciting to be opening our first Denver branch in the new Union Station neighborhood, which will be a hub of activity and the perfect locale to introduce Denver businesses and residents to our services.”


The 2,500 square foot Alpine Bank space will be a full service retail location with seven employees, offering exceptional customer service with the latest in cutting edge technology available in banking. The décor will incorporate modern finishes with a mountain ambience.

As a celebration of its entrance into the Denver market, Alpine Bank is announcing a small business contest that kicks off today as well. For the past several weeks, Alpine Bank has been conducting What Does LoDo Need? surveys with individuals in the LoDo neighborhood as well as through the website www.WhatDoesLoDoNeed.com, asking what they think LoDo needs in terms of services and/or retail. More than 3,000 responses have been collected. Top suggestions include a hardware store, youth center, farmers market, local skate shop and grocery store. While Alpine Bank hopes that entrepreneurs will submit business plans for the contest that fulfill these needs, it encourages business plans of any type to enter the contest.

Entrepreneurs interested in competing for the $100,000 two-year, interest-free loan for a small business must submit their business plans to www.WhatDoesLoDoNeed.com by June 16th. Business plan submissions will be evaluated by a panel of Alpine Bank employees and established LoDo business professionals based on several criteria including probability of the business to positively impact LoDo; quality of content of the business plan; feasibility of financial success; and quality and effectiveness of an in-person presentation by the finalists. Three finalists will be announced on June 27 and the winner of the contest will be announced in August. All submission guidelines and rules, as well as a business plan outline can be found at www.WhatDoesLoDoNeed.com and any questions can be emailed to businessplans@alpinebank.com.

“As a locally-owned and operated bank that prides itself on supporting the entrepreneur community in Colorado, we could not be more excited about the small business contest we are announcing today,” said Franke. “We are eager to review the varied and unique business plans that will be submitted for the opportunity to receive an interest-free loan and look forward to helping the best idea achieve their entrepreneurial dreams.”

The new Alpine Bank branch will host an official grand opening celebration on Saturday, April 12, from 10:00 a.m.- 4:00 p.m., featuring a ribbon cutting ceremony, radio event, entertainment, food and giveaways. In line with founder Bob Young’s philanthropic focus, Alpine Bank will donate $10 for every new account opened that day to Colorado UpLift, a Denver-area nonprofit committed to building long-term, life-changing relationships with urban youth. The bank also will make a corporate donation to the organization to celebrate its entrance into the Denver market.

Actively involved in the banking industry since 1961, Alpine Bank founder Bob Young started his career as an assistant bank examiner and then worked his way up to cashier and then on to management within several bank systems before founding Alpine Banks of Colorado in 1973. Boasting 37 locations, 573 employees, and 55,000 ATM’s internationally, Alpine Bank was named one of the best places to work in Colorado for two years in a row by ColoradoBiz Magazine. Additionally, the bank was a finalist in the large businesses category in ColoradoBiz’s “Top Company Award for Family Friendly Business Practices” in 2010 and won Colorado Parent Magazine’s “Top Company for Family Friendly Business Practices” in 2010.

About Alpine Bank
Alpine Bank is a $2.4 billion dollar, employee-owned organization chartered in 1973 with headquarters in Glenwood Springs, Colorado.  With 37 western and southwestern Colorado banking offices, Alpine Bank employs over 500 local people and serves more than 130,000 customers with retail, business, trust, asset management, mortgage, and electronic banking services. For more information, visit www.alpinebank.com.

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