Tranche Update on BCB Bancorp, Inc.'s Equity Buyback Plan announced on December 11, 2020.
May 04, 2023 at 07:47 pm IST
Share
From January 1, 2023 to March 31, 2023, the company has repurchased 151,753 shares, representing 0.9% for $2.55 million. With this, the company has completed the repurchase of 651,753 shares, representing 3.83% for $25.42 million under the buyback announced on December 11, 2020.
BCB Bancorp, Inc. is a holding company of BCB Community Bank (the Bank). The Bank offers loans, including commercial and multi-family real estate loans, one-to-four family mortgage loans, commercial business loans, construction loans, home equity loans, and consumer loans. It also offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts; and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, night depository, debit cards, online banking, mobile banking, fraud detection, and automated teller services. The Bank has 24 branches in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union and Woodbridge, New Jersey, as well as four branches in Staten Island and Hicksville, New York.