Category Archives: Alpine Bank News

The latest news, announcements and information from Alpine Bank.

Working Together: A Bright Future

(Left to Right: Dave Adkins, Blackhawk; Tom Budd, Rockford Bank & Trust; Bill Roop, Alpine Bank; Tom Walsh, Northwest Bank; Ben Barton, Byron Bank.)

(Left to Right: Dave Adkins, Blackhawk Bank; Tom Budd, Rockford Bank & Trust; Bill Roop, Alpine Bank; Tom Walsh, Northwest Bank; Ben Barton, Byron Bank.)

As a bank that believes in the importance of “helping people, businesses and our communities succeed,” when opportunities to help our community achieve economic growth present themselves, they cannot be ignored.

Several months ago it was brought to my attention that, due to the state budget impasse, the construction of Rockford’s new $41 million, 200,000 sq. ft. AAR jet-repair hub was likely coming to a halt in response to the delay in state and federal funding.

Alpine Bank is proud to be a part of a community full of leaders and businessmen and women who are able to put competition aside for the greater good of the region in which we work, live and play. I am fortunate to call many of these leaders my friends and colleagues, and with their help, our community was able to come together to keep this project on track.

A press conference was hosted by the Greater Rockford Airport Authority on Dec. 9, 2015, celebrating the collaboration of Alpine Bank with four other local banks in supplying a $17 million line of credit for the AAR project to ensure that it is completed on time, in the fall of 2016.

I would like to extend a thank you to Northwest Bank, Blackhawk Bank, Byron Bank, and Rockford Bank & Trust. With your help, we’ve been able to ensure that our community will have the opportunity to reap the benefits of this state of the art maintenance, repair and overhaul (MRO) facility, including more than 500 new, well-paying jobs that promise to result in an insurmountable economic impact.

We stepped up to the plate because we truly believe in our people, our businesses and our communities – and for good reason. From local banks, to the hard-working forces behind the Greater Rockford Airport Authority, to our local taxing bodies, we all have one thing in common; the future is bright. Let’s go together.

Bill Roop, President and CEO

Betsy Pierson Joins Alpine Trust & Investment Group

BPierson_09.15Julie O’Rourke, Executive Vice President and Senior Trust & Investment Officer, is pleased to welcome Elizabeth “Betsy” Pierson, Senior Vice President & Chief Investment Officer, to Alpine Trust & Investment Group.

Ms. Pierson joined Alpine Trust & Investment Group earlier this month.  She is responsible for overall investment strategy, as well as client relationships.

Ms. Pierson has been involved with the investment process, asset allocation and strategy decisions for over three decades.  She has worked alongside institutional and high net worth clients to help them achieve their long-term financial goals.  In addition, she has extensive knowledge in the fixed-income area, having managed bond mutual funds and a fixed-income collective investment trust fund for employee benefit plans.

She graduated from the University of Illinois, Champaign-Urbana with a Bachelor of Science in Finance.  She attained her Chartered Financial Analyst designation, in 1991.

She has served on non-profit boards in the past and is looking forward to more opportunities to serve the community.

This is Not a Lehman Moment!

Certainly stock market declines of the nature that we have experienced in the past couple ofStockMarket days are unnerving.  Recollection of the 2007-2009 market decline is very fresh in investors’ minds. It is important to keep these events in perspective. The previous decline was a reaction to a financial system on the brink, a real crisis in confidence in the entire financial system. This is not the case today. In other words, this is not a Lehman moment!

So, what is going on?
>      This is merely a reset of global growth expectations. It’s becoming clear that the global economy, likely in part due to demographics, is going to be in a much slower growth pattern than has historically been the case.
>      If global economic growth is lower, then future earnings growth must be lower too. Earnings are what moves stock prices and that’s why stocks are going lower, to reset to new lower growth expectations.
>      Good news is that U.S. earnings expectations are not very high anyway, however, everyone has been suspicious of China’s reported economic data and given all the actions the government has been taking to stabilize growth, the suspicions are confirmed and China is likely growing slower than previously thought.
>      Market valuation is not at the same high level that it was in 2007, it is much more reasonable.
>      Our economy is still growing steadily. Our largest trading partners are Canada, China, and Mexico. China’s citizens are not heavily involved in their stock market so our exports to China may not even be impacted too much.
>      U.S. new home sales in July were at their highest level since July 2007; auto sales are at best pace in a decade; labor market improved.
>     Europe has become more stable despite Greece’s Prime Minister, Alexis Tsipras’ recent resignation.  European growth is firming, but certainly not robust. Recent Eurozone PMI came in at 54.1, signaling the best expansion in some time for the manufacturing sector.
>     U.S. has gone 1,418 calendar days without a 10% correction, the 3rd longest in the past 50 years. The DOW and S&P 500 have now corrected 10% from their May 2015 highs. 10% corrections are normal and healthy, even though they do not feel very good, especially when they happen as quickly as this one.
>     The Fed has not been clear on its direction and that has spooked markets as well. Market volatility may push off a rate hike until at least December.
>     Most portfolios are diversified and are not fully invested in stocks. Bonds have rallied so that side of your portfolio should have gained in value to help offset equity declines.

Investors in the equity markets know that long term value is achieved only when a long term perspective can be maintained. Volatility like this is difficult to tolerate over the short term but might be easier if the media was as vocal about the gains in your bond portfolio that were serving to mitigate some of the short term equity declines.

Investment and insurance products are: not Alpine Bank products, not FDIC insured; not guaranteed; and, may be subject to investment risk, including possible loss of principal.

 

Jennifer Sipes Promoted to Branch Manager in Roscoe

Jennifer Sipes

Jennifer Sipes

Pat Peterson, Senior Vice President, is pleased to announce Jennifer Sipes has been promoted to Branch Manager of the Roscoe branch, located at 5023 Rockrose Court.

Ms. Sipes began her career in the financial industry 14 years ago.  In 2005, she joined the Alpine Bank family as a teller, after which she held positions as Teller Supervisor and Assistant Branch Manager.

Born and raised in Northern Illinois, Ms. Sipes understands the needs of the community she serves.  She is currently a member of Alpine Kiwanis, volunteer for the Alzheimer’s Association and volunteer with the Hononegah High School – Readiness in the Workplace Program.  Ms. Sipes can also be seen volunteering at numerous Alpine Bank events.

Alpine Bank Community Shred Day Coming to Roscoe

iStock_000002827290LargeAlpine Bank and Paper Recovery Service Corporation, a secure shredding solutions company, are partnering together again to hold Alpine Bank’s annual fall Community Shred Day on Saturday, September 12, 2015, from 9 a.m. to Noon in the parking lot of Alpine Bank’s Roscoe Branch at 5023 Rockrose Court, in Roscoe. This will be the first time since 2011 that  Alpine Bank has held a shred day at this location.

Alpine Bank Community Shred Day is a FREE event open to the entire community. Attendees will be able to drop off their documents at the “shredding drive-thru” and watch Paper Recover shred them during the event on site free of charge – all without leaving the comforts of their vehicle.

People are invited to bring a maximum of 2 boxes of the following materials to be shredded: clean paper of any color, file folders of any color, papers containing staples, paper clips, rubber bands, and/or small binders. Materials that cannot be shredded include: trash, cardboard, telephone books, hardcover books, hanging folders, 3-ring binders, lever-arch binders, and any plastics, including computer disks, CDs, DVDs, VCR tapes, ID badges, x-rays, transparencies, etc.

Nearly 9 million people are affected by identity theft each year.  According to the FTC, “Identity theft is a serious crime. It can disrupt your finances, credit history, and reputation, and take time, money, and patience to resolve.”  With over 4 million tons of junk mail received by Americans each year, there are millions of documents which contain your personal information.  In addition, most Americans still receive paper documents for bank accounts, utility bills, credit cards, etc.  When these documents are discarded, the risk of having your information stolen by a “dumpster diver” drastically increases.  By taking steps, such as shredding to protect yourself, you can potentially lessen this threat.

Alpine Bank hosts two Community Shred Days each year – one in the spring and one in the fall.

For more information about protecting your self from identity theft, visit https://www.bankalpine.com/security-privacy.

About Paper Recovery Service Corporation
Based in Loves Park, IL, Paper Recovery Service Corporation provides solutions from secure document destruction to recycling for businesses in manufacturing, retail, or professional services.

Alpine Bank Announces Junior Golfers for Pro-Am Foursome

Playing golf, ball on tee and golf club. Vintage, retro styleAlpine Bank has selected four up and coming golfers to play in the Alpine Bank foursome at this year’s Rockford Pro-Am on Monday, July 13, 2015. Alpine Bank is pleased to announce that its foursome will include: Adam Norwood, Jesse Slattery, Harrison Engelbrecht, and Carson Racich.

Alpine Bank returns this year as a prime sponsor of the Rockford Pro-Am. The bank is choosing to fill its foursome with young, aspiring golfers, giving them the once-in-a-lifetime opportunity to play in such a prestigious event alongside golf professionals. In April of this year, the bank extended a special invitation to young golfers to apply to play in the Alpine Bank foursome. The application process involved an application where applicants noted their golf skill/ability, extracurricular activities and a personal statement explaining how playing at the Rockford Pro-Am would benefit them. In addition, each applicant was asked to submit a one-page letter of recommendation from a non-family member (i.e. coach, teacher, mentor, etc.). Fifteen junior golfers from the area applied to play. A selection committee reviewed the applications.

“I would like to thank all of the young golfers who applied.  There skill levels were very impressive and any one of them would’ve made a great addition to our team.” said Matt Roegner, executive vice president of Alpine Bank.

In the coming weeks, Alpine Bank will choose the PGA Pro Golfer who will play alongside these talented individuals.  Last year’s foursome, with Kenny Perry, took first place in the tournament, marking the first time our foursome has taken that honor.

Alpine Bank will be hosting a special luncheon for the foursome players, as a special thank you and to become acquainted with one another.  Following the luncheon, the players will be treated to a round of golf at Rockford Country Club.

About Rockford Pro-Am 
Beginning in 1977, The Rockford Pro-Am is the nation’s longest-running, free-standing pro-am not associated with a professional tournament. This year it will be held at Rockford Country Club on Monday, July 13, 2015, and will feature amateur foursomes paired with professional golfers. The foursomes play in a best-ball handicapped format, while the pros keep straight 18-hole scores. Cost is $10 and tickets are available at the gate. For more information, visit www.therockfordproam.com.

About Alpine Bank
Alpine Bank is a locally owned financial institution serving Winnebago, Boone, and DeKalb counties with a total of 15 locations in Rockford, Belvidere, Cherry Valley, Kirkland, Loves Park, Machesney Park, and Roscoe, Illinois. Founded in 1908, Alpine Bank offers a variety of financial products and services for consumers, small businesses, agricultural businesses and commercial companies and provides investment and financial services through Alpine Trust & Investment Group. Alpine Bank is committed to being a bank you can actually like. For more information, visit www.bankalpine.com.

Alpine Bank Adds 55,000 Surcharge-Free ATMs

Allpoint-GrnYel-cmykAlpine Bank has joined Allpoint Network, which means Alpine Bank customers now have access to America’s largest surcharge-free ATM network, with some 55,000 surcharge-free ATMs worldwide.Allpoint Network is an affiliate of Cardtronics, Inc. (NASDAQ: CATM), the world’s largest retail ATM owner.

In addition to Alpine’s branch locations and ATMs, with Allpoint Network, our customers will never be far away from surcharge-free ATM access to their cash, especially in the United States where Allpoint offers 43,000 cash machines in places they’re already visiting as part of their daily routine. Conveniently located in destination retail outlets including major discount retailers, convenience, grocery and pharmacy stores, Allpoint Network ATMs save customers of Alpine Bank time as well as ATM fees.

“By becoming an Allpoint Network member, in an instant Alpine Bank grows its surcharge-free ATM locations to more than double that of even some of the largest banks,” said John Vanderheyden, executive vice president of Operations for Alpine Bank.  “People want a financial service provider that delivers the most convenient account access and management options, and that includes access to their cash.  With Allpoint, we can meet that need.”

How to find Allpoint NetworkAlpine Bank customers looking for the nearest surcharge-free Allpoint ATM—including 12,000 locations in Canada, Mexico, Puerto Rico, the United Kingdom, Australia—can do so with their smartphone using the free Allpoint Network ATM locator app. And once at the store hosting an Allpoint ATM, look for the green Allpoint logo.

Allpoint Network resources:

About Allpoint

Allpoint Network is the largest surcharge-free ATM network with more than 55,000 ATMs in leading national and regional merchant locations across the United States, Canada, Mexico, United Kingdom and Australia.  Allpoint provides greater access, convenience and savings to customers of financial institutions while providing institutions the tools to compete more effectively for customers. For more information or to find the nearest Allpoint surcharge-free ATM, please visit www.AllpointNetwork.com, like us on Facebook and follow @Allpoint on Twitter. Allpoint Network is an affiliate of Cardtronics, Inc. (NASDAQ: CATM)

Alpine Bank Accepting Monetary Donations for Tornado Victims

road to recoveryAt Alpine Bank, our thoughts continue to be with the victims of last Thursday’s tornadoes.  We have many employees and customers affected by this disaster.

Therefore, we have partnered with the Village of Kirkland to establish funds for victims of tornadoes that ravaged the Kirkland/Fairdale area on Thursday, April 9.  A Go Fund Me account has been set up and can be found at http://www.gofundme.com/rk72t88r.  Alpine Bank will cover the administrative costs of the fund, allowing 100% of all monetary donations to be distributed directly to the families.

Accounts have also been established at Alpine Bank to aid affected residents.  You can stop into any of our 15 branches and make a donation.  You may also mail a donation to:

Alpine Bank
Fairdale Relief Fund
PO Box 280
Kirkland, IL 60146

According to the Village of Kirkland’s Tornado Recovery Information page, donations of goods are no longer being accepted, since there is no room left to store these items.  However, monetary donations will continue to be accepted.

If you have any questions, please contact the Village of Kirkland at 815.522.6179 or visit their website at http://villageofkirkland.com.

Alpine Bank To Host Annual Spring Community Shred Day April 25

iStock_000002827290LargeAlpine Bank and Paper Recovery Service Corporation, a secure shredding solutions company, are partnering together again to hold Alpine Bank’s annual spring Community Shred Day on Saturday, April 25, 2015, from 9 a.m. to Noon in the North parking lot of Alpine Bank’s East State Street Branch at 6838 East State Street in Rockford. In conjunction with Money Smart Week Northern Illinois, Alpine Bank’s Community Shred Day is a FREE event open to the entire community. Attendees, without leaving the comforts of their vehicles, will be able to drop off their documents at the “shredding drive-thru” and watch Paper Recover shred them during the event on site free of charge.

People are invited to bring a maximum of 2 boxes of the following materials to be shredded: clean paper of any color, file folders of any color, papers containing staples, paper clips, rubber bands, and/or small binders. Materials that cannot be shredded include: trash, cardboard, telephone books, hardcover books, hanging folders, 3-ring binders, lever-arch binders, and any plastics, including computer disks, CDs, DVDs, VCR tapes, ID badges, x-rays, transparencies, and etc.

Identity theft continues to be a serious growing crime in the United States. As noted on the TransUnion website, nearly 9.9 million Americans are victims of some form of identity theft each year. Shredding personal documents and information is just one way to avoid becoming a victim.  Alpine Bank hosts two Community Shred Days each year – one in the spring and one in the fall.

More Information
For more information about this Community Shred Day, visit www.bankalpine.com or call 815.398.6500. For more information about identity theft and other important security tips, visit www.bankalpine.com/security-privacy.

About Paper Recovery Service Corporation
Based in Loves Park, IL, Paper Recovery Service Corporation provides solutions from secure document destruction to recycling for businesses in manufacturing, retail, or professional services.

Branch Managers Promoted at Alpine Bank

Alpine Bank has announced the promotions of three branch managers.  Melissa Beatty and Natasha (Tasha) Ferguson were promoted to Assistant Vice Presidents & Branch ManagersRachel Parry was promoted to Assistant Vice President & In-Store Branch Manager.

Melissa BeattyMelissa Beatty, born and raised in Rockford and now residing in Pecatonica, has been with Alpine Bank for over a decade.  Ms. Beatty manages the Retail branch on East State Street, in Rockford.  She has her Associate’s Degree from Rock Valley College, carries an Illinois Insurance License and is also a notary.

Ms. Beatty helps out her community by volunteering with Visiting Nurses and is a board member for Just Goods in Rockford.

FergusonTasha Ferguson, a lifelong resident of Belvidere, has been in the financial industry for nearly two decades.  As a member of the Alpine Bank team, she runs the Cherry Valley branch and assists customers with their personal financial needs.

Ms. Ferguson helps out in the community by volunteering with the Boone County CASA, Blue Thunder Booster Club and stays busy with kids’ sports.

ParryRachel Parry grew up in Chicago before moving to Marengo, then to Loves Park in 2002.  Her educational achievements include a Bachelor’s degree in Business Administration from Columbia College, and she is currently working on her MBA.  Ms. Parry’s decade-plus experience in the financial industry has helped her become a valuable member of the Alpine Bank team.

Ms. Parry is very involved in the community.  She teaches classes for  Family Credit Management.  She is also a trustee on the board for the North Suburban Library District and secretary of the PTA at Loves Park Elementary.