Financing ·
BCB Bancorp prices $85.25M public offering of 11 million shares
BCBPBcb Bancorp Inc
BCB Bancorp, Inc. priced an underwritten public offering of 11,000,000 shares of common stock for total gross proceeds of $85,250,000 before deducting underwriting discounts and commissions and estimated offering expenses. The company granted the underwriter a 30-day option to purchase additional shares at the public offering price less underwriting discounts and commissions. Piper Sandler & Co. is acting as the sole book-running manager for the offering. The transaction is expected to close on September 18, 2026, subject to customary closing conditions. Net proceeds will be used for general corporate purposes, including maintaining liquidity, funding working capital needs, supporting Bank capital in connection with the disposition of identified potential problem loans, reducing debt, and maintaining acceptable capital and liquidity ratios. BCB Bancorp operates as a bank holding company providing retail and commercial banking services through its wholly-owned subsidiary, BCB Community Bank.