BCB Bancorp launches public offering and outlines third-quarter actions
BCB Bancorp launched an underwritten public offering of common stock on Sept. 16, 2026; underwriters hold a 30-day overallotment option.
Third quarter 2026: expects to complete sales of about USD 210 million of problem loans.
Third quarter 2026: plans to transfer about USD 96 million of commercial real estate loans, including cannabis-related loans, to held for sale.
Third quarter 2026: began marketing cannabis-focused business lines; portfolio includes about USD 69 million in loans and about USD 70 million in deposits.
Third quarter 2026: expects net loss of USD 126.2 million to USD 136.1 million.
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