BCB Bancorp, Inc. announced that it has received $2.69 million in funding
March 28, 2024
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BCB Bancorp, Inc. announced a private placement to issue 269 shares of its Series J Non cumulative Perpetual Non Convertible Preferred Stock at an issue price of $10,000 per share for the gross proceeds of $2,690,000 on March 29, 2024. The sale represents 9.7% of the gross proceeds of the Company?s total issued and outstanding Noncumulative Perpetual Preferred Stock. The Company relied on the exemption from registration with the Securities and Exchange Commission (?SEC?) provided under SEC Rule 506 of Regulation D for its private placement of Series J Preferred Stock.
BCB Bancorp, Inc. is a holding company of BCB Community Bank (the Bank). The Bank offers loans, including commercial and multi-family real estate loans, one-to-four family mortgage loans, commercial business loans, construction loans, home equity loans, and consumer loans. It also offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts; and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, night depository, debit cards, online banking, mobile banking, fraud detection, and automated teller services. The Bank has 24 branches in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union and Woodbridge, New Jersey, as well as four branches in Staten Island and Hicksville, New York.
BCB BANCORP, INC. 
