BCB Bancorp announced that its subsidiary, BCB Community Bank, entered into definitive agreements to sell problem loan portfolios with an aggregate unpaid principal balance of approximately $205.3 million as of June 30, 2026. The sale includes commercial and multifamily real estate loans ($180.7 million), commercial and industrial loans ($14.8 million), and construction loans ($9.8 million). The transaction is expected to result in an estimated pre-tax loss of $43.3 million, recorded in the third quarter of 2026. Five of six transactions have closed, with the final closing expected before the end of Q3 2026. BCB Bancorp operates as a bank holding company providing retail and commercial banking services through its subsidiary.
