BCB Bancorp closes USD 98.04 million common stock offering at USD 7.75 per share
BCBP•BCB Bancorp completes common stock offering
BCB Bancorp closed an underwritten public offering of 12,650,000 common shares at USD 7.75 each.
Gross proceeds totaled about USD 98.04 million before underwriting discounts, commissions, and offering expenses.
The deal size includes the full exercise of the underwriter’s option for 1,650,000 additional shares.
Piper Sandler acted as sole book-running manager.
Net proceeds are earmarked for general corporate purposes, including liquidity, working capital, bank capital support, problem-loan dispositions, and debt reduction.
