Alpine Bank president honored
GLENWOOD SPRINGS ” J. Robert Young, chairman of Alpine Banks of Colorado, was honored as the 2006 Athena Award recipient at the Glenwood Springs Chamber Resort Association’s Annual Awards Luncheon.
Athena International celebrates individuals who strive toward the highest levels of professional accomplishment, provide valuable service devoting time and energy to improve the quality of life for others in the community, and assist women in reaching their leadership potential.
Fewer than 5 percent of all Athena recipients are men.
Alpine Bank, started in 1973, is a locally owned bank employing more than 500 people and serving 32 locations on the western slope of Colorado.
GRAND JUNCTION ” After a price cut, actor Rick Schroder has found a buyer who’ll pay $27 million for his 15,000-acre ranch near Grand Junction.
Schroder has owned the property, known as Mesa Mood Ranch, for nearly 16 years and listed the land more than a year ago for $29 million. Despite the recent $2 million discount, the property still ranks as one of the priciest in the state, local brokers say. The prospective buyer wasn’t named.
The working ranch borders the Grand Mesa National Forest and Colorado National Monument. Schroder built a 2,500-square-foot log house on the property as well as three guest cabins and several sets of livestock corrals. The property includes forested land and dozens of springs, lakes, and streams. Billy Long, of Ranch Marketing Associates in Denver, has the Colorado listing.
The 36-year-old Mr. Schroder, perhaps best known for playing Detective Danny Sorenson on the TV show “NYPD Blue,” has had a busy 10 months in the real-estate world. In March, the actor sold his Scottsdale, Ariz., house for close to its $4 million asking price. Last June, the Schroders bought a 21-acre ranch in Topanga, Calif., 28 miles west of Los Angeles, for about $4.2 million.
FirstBank Holding Company earned $26,022,000 in net income for the first quarter, according to John A. Ikard, president of the holding company.
Earnings per share for the quarter were $192.95.
Ikard said holding company assets were $7.6 billion as of March 31, and deposits were $6.9 billion.
FirstBank of Vail reported total assets of $277.3 million on March 31. FirstBank of Avon reported total assets of $362.6 million.
FirstBank has eight locations in Eagle County, including Vail, Avon, West Vail, Lionshead, Minturn, Beaver Creek, Edwards and Eagle. FirstBank currently has 112 locations in Colorado and three in California.
NEW YORK ” Rock bands Cheap Trick and The Allman Brothers Band are suing Sony Music, claiming they are being shortchanged on royalties for songs downloaded legally over the Internet.
The suit, filed at a federal court in Manhattan, claims Sony has failed to live up to a contract requiring that it pay its musicians half of the net revenue it receives from licensing songs to download services like iTunes and Napster.
Sony has been paying the aging rockers less than that amount, in part because their record deals predate the existence of legal music sales over the Internet.
According to the suit, the record company is treating digital downloads like traditional record sales, rather than licensed music, triggering a different royalty deal.