BCB Bancorp, Inc. announced the pricing of an underwritten public offering of 11,000,000 shares of its common stock for total gross proceeds of $85,250,000 before deducting underwriting discounts and commissions and estimated offering expenses. The Bayonne, New Jersey-based holding company for BCB Community Bank granted the underwriter a 30-day option to purchase 1,650,000 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, which is expected to close on September 18, 2026, subject to customary closing conditions. The company said it intends to use the net proceeds for general corporate purposes, including maintaining liquidity, funding working capital needs, supporting Bank capital including in connection with the expected disposition of identified potential problem loans, reducing debt, and maintaining capital and liquidity ratios at acceptable levels. The offering is being made pursuant to a registration statement on Form S-3 that was declared effective by the Securities and Exchange Commission on August 25, 2026.
BCB Bancorp IncBCB Bancorp prices an $85.25M common stock offering, diluting existing shareholders and raising capital partly to address problem loans.
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