BAYONNE, N.J., Sept. 29, 2015 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company") (Nasdaq:BCBP), the bank holding company for BCB Community Bank, today announced the closing on September 29, 2015 of the second round of a private placement of its Series C 6% Noncumulative Perpetual Preferred Stock (the "Series C Offering"), par value $0.01 per share ("Preferred Stock"). The Company sold 119 shares of Preferred Stock at a purchase price of $10,000 per share resulting in gross proceeds of $1,190,000. Previously, on July 13, 2015, the Company closed the first round the Series C Offering resulting in gross proceeds of $2,350,000 for 235 shares, bringing the total raised in both rounds to $3,540,000. The net proceeds from the private placement are expected to be used primarily to support the capital of the Company's wholly owned subsidiary, BCB Community Bank.
This release, like many written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions.
Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, the Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
CONTACT: Thomas Coughlin President and Chief Executive Officer BCB Bancorp, Inc. Thomas Keating Senior Vice President and CFO BCB Bancorp, Inc. 201-823-0700Source:BCB Community Bank