BCB Bancorp, Inc. (NASDAQ: BCBP) announced the pricing of a public offering of 11,000,000 shares of common stock. The gross proceeds are $85,250,000 before underwriting discounts, commissions, and estimated expenses.
The offering is expected to close on Friday, subject to customary conditions. The company has granted the underwriter a 30-day option to purchase an additional 1,650,000 shares at the public offering price, less discounts and commissions. Piper Sandler & Co. is acting as the sole bookrunner.
The net proceeds are intended to be used for general corporate purposes: maintaining liquidity, funding working capital, strengthening bank capital in light of expected resolution of identified problem loans, reducing debt load, and maintaining capital and liquidity ratios at acceptable levels for both the company and BCB Community Bank. The offering is being conducted under a registration statement on Form S-3, which was declared effective by the SEC on August 25, 2026.
BCB Bancorp is the holding company for BCB Community Bank, which has 22 branches in New Jersey (including Bayonne, Edison, Hoboken, Jersey City, Newark) and four branches in New York (Hicksville and Staten Island). The bank provides loans, deposit products, retail, and commercial services to individuals and businesses. The company was founded in 2000 and is headquartered in Bayonne, New Jersey.
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