BCB Bancorp completes $98 million stock offering

BCB Bancorp, Inc. (NASDAQ:BCBP) successfully completed an underwritten public offering of 12.65 million shares of common stock priced at $7.75 each, according to a press release today. The offering encompassed the full utilization of the underwriter's right to buy an additional 1.65 million shares. The total gross proceeds from the sale of shares amounted to roughly $98.04 million, excluding underwriting fees, commissions, and estimated offering expenses.

Piper Sandler & Co. acted as the sole book-running manager for the offering, while Arnold & Porter Kaye Scholer LLP provided legal counsel to the company, and Kilpatrick Townsend & Stockton LLP assisted Piper Sandler.

The proceeds from the offering are earmarked for general corporate purposes, with the bank planning to allocate funds towards maintaining liquidity, meeting working capital requirements, bolstering bank capital in anticipation of the potential sale of certain problem loans, reducing overall debt, and preserving acceptable capital and liquidity ratios.

The offering was executed under a registration statement on Form S-3 that the Securities and Exchange Commission deemed effective on August 25, 2026. BCB Bancorp serves as the parent company of BCB Community Bank, which operates 22 branch locations across New Jersey, including Bayonne, Edison, Hoboken, Jersey City, Newark, and additional towns, as well as four branches in Hicksville and Staten Island, New York.

Founded in 2000 and headquartered in Bayonne, New Jersey, BCB Bancorp currently oversees the operations of BCB Community Bank.