56Chevy
9 years ago
BCB Bancorp, Inc., Announces Commencement of Public Offering of $40 Million in Shares of Common Stock
September 14, 2015: 08:00 AM ET
BAYONNE, N.J., Sept. 14, 2015 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company") (NASDAQ:BCBP), the parent company of BCB Community Bank (the "Bank"), today announced that it had commenced a public offering of $40 million in shares of its common stock. The shares will be issued pursuant to a prospectus supplement filed as part of a shelf registration statement previously filed and effective with the Securities and Exchange Commission on Form S-3.
Sandler O'Neill + Partners, L.P. will serve as the sole underwriter for the offering. The Company intends to grant the underwriter a 30-day option to purchase from the Company up to an additional 15% of the amount of the Company's common stock offered to cover over-allotments, if any.
The Company expects to use the net proceeds from the offering for general corporate purposes, including maintaining liquidity, supporting core business growth, the possible early retirement of debt, future acquisitions, funding working capital needs and maintaining the Company's capital and liquidity ratios, and the ratios of the Bank, at acceptable levels.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering will be made by means of a preliminary prospectus supplement, copies of which may be obtained without charge from Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attn: Syndicate Operations, or by phone at 1-866-805-4128.
BCB Bancorp, Inc.
BCB Bancorp, Inc., is a New Jersey bank holding company headquartered in Bayonne, New Jersey, and is the parent company of BCB Community Bank, which commenced operations in 2000. The Bank operates through 14 branches in New Jersey and one branch in Staten Island, New York. The Company's focus is on building a franchise with meaningful market share and consistent revenue growth complemented by operational efficiencies which it believes will produce attractive risk-adjusted returns for its shareholders.
http://money.cnn.com/news/newsfeeds/articles/globenewswire/10149201.htm
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Bcb Bancorp (NJ) (BCBP)
$10.35 down -0.06 (-0.58%)
Volume: 31,463
* FD: I hold no position on BCBP
Penny Roger$
12 years ago
BCB Bancorp, Inc. is the holding company of BCB Community Bank (the Bank). As of December 31, 2010, the Bank operated through 10 branches in Bayonne, Jersey City, Hoboken and Monroe Township, New Jersey. The Bank is a community-oriented financial institution. It offers loans, including commercial and multi-family real estate loans, one- to four-family mortgage loans, home equity loans, construction loans, consumer loans and commercial business loans. It also offers deposit products, such as savings and club accounts, non-interest bearing accounts, money market accounts, certificates of deposit and individual retirement accounts. It also offers retail and commercial banking services including wire transfers, money orders, traveler’s checks, safe deposit boxes, a night depository, federal payroll tax deposits, bond coupon redemption and automated teller services. On July 6, 2010, BCB Bancorp, Inc. acquired Pamrapo Bancorp, Inc.
http://www.google.com/finance?q=BCBP
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RealGenius
8 years ago
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