{"id":750957,"date":"2023-04-25T12:21:54","date_gmt":"2023-04-25T16:21:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bcb-bancorp-announces-stock-repurchase-program\/"},"modified":"2023-04-25T12:21:54","modified_gmt":"2023-04-25T16:21:54","slug":"bcb-bancorp-announces-stock-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bcb-bancorp-announces-stock-repurchase-program\/","title":{"rendered":"BCB Bancorp Announces Stock Repurchase Program"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BAYONNE, N.J., April  25, 2023  (GLOBE NEWSWIRE) &#8212; BCB Bancorp, Inc (BCBP) (the \u201cCompany\u201d), (Nasdaq: BCBP), the holding company for BCB Community Bank (\u201cthe Bank\u201d), announced today that its Board of Directors (the \u201cBoard\u201d) has approved the Company to continue repurchasing shares of its issued and outstanding common stock through its active stock repurchase program, which was initially announced on October 17, 2022.<\/p>\n<p align=\"justify\">\u201cThe Board is very confident in BCB\u2019s future and believes that the recent market volatility provides for an opportune time to repurchase shares and increase overall shareholder value,\u201d said Thomas Coughlin, President &amp; CEO of BCB Bank.<\/p>\n<p>\n        <strong>About BCB Bancorp, Inc.<\/strong>\n      <\/p>\n<p>Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has 27 branch offices 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, and three branches in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to\u00a0www.bcb.bank (Opens in a new Window).<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>\n        <em>This release, like many written and oral communications presented by\u00a0BCB 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 \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cseek,\u201d \u201cstrive,\u201d \u201ctry,\u201d or future or conditional verbs such as \u201ccould,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d 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.<\/em>\n      <\/p>\n<p>\n        <em>In addition to factors previously disclosed in the Company\u2019s reports filed with the\u00a0U.S. Securities and Exchange Commission\u00a0(the &#8220;SEC&#8221;) and those identified elsewhere in this release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the inability to close loans in our pipeline; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; supply chain disruptions; any future pandemics and the related adverse local and national economic consequences; civil unrest in the communities that the company serves; customer acceptance of the Bank\u2019s products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and actions of governmental agencies and legislative and regulatory actions and reforms.<\/em>\n      <\/p>\n<p>Contact:<br \/>Thomas Coughlin,<br \/>President &amp; CEO<br \/>Jawad Chaudhry, CFO<br \/>(201) 823-0700<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNTIzOSM1NTU2NDcxIzIwMjQ0Nzk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDQ1YWFlYmYtN2Y0MC00OTc1LWJiMDUtN2FhMWZiMzViZGIwLTEwMzYwNTE=\/tiny\/BCB-Community-Bank.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BAYONNE, N.J., April 25, 2023 (GLOBE NEWSWIRE) &#8212; BCB Bancorp, Inc (BCBP) (the \u201cCompany\u201d), (Nasdaq: BCBP), the holding company for BCB Community Bank (\u201cthe Bank\u201d), announced today that its Board of Directors (the \u201cBoard\u201d) has approved the Company to continue repurchasing shares of its issued and outstanding common stock through its active stock repurchase program, which was initially announced on October 17, 2022. \u201cThe Board is very confident in BCB\u2019s future and believes that the recent market volatility provides for an opportune time to repurchase shares and increase overall shareholder value,\u201d said Thomas Coughlin, President &amp; CEO of BCB Bank. About BCB Bancorp, Inc. Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bcb-bancorp-announces-stock-repurchase-program\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BCB Bancorp Announces Stock Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750957","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BCB Bancorp Announces Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bcb-bancorp-announces-stock-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BCB Bancorp Announces Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BAYONNE, N.J., April 25, 2023 (GLOBE NEWSWIRE) &#8212; BCB Bancorp, Inc (BCBP) (the \u201cCompany\u201d), (Nasdaq: BCBP), the holding company for BCB Community Bank (\u201cthe Bank\u201d), announced today that its Board of Directors (the \u201cBoard\u201d) has approved the Company to continue repurchasing shares of its issued and outstanding common stock through its active stock repurchase program, which was initially announced on October 17, 2022. \u201cThe Board is very confident in BCB\u2019s future and believes that the recent market volatility provides for an opportune time to repurchase shares and increase overall shareholder value,\u201d said Thomas Coughlin, President &amp; CEO of BCB Bank. About BCB Bancorp, Inc. Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of &hellip; Continue reading &quot;BCB Bancorp Announces Stock Repurchase Program&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bcb-bancorp-announces-stock-repurchase-program\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-25T16:21:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNTIzOSM1NTU2NDcxIzIwMjQ0Nzk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bcb-bancorp-announces-stock-repurchase-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bcb-bancorp-announces-stock-repurchase-program\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BCB Bancorp Announces Stock Repurchase Program\",\"datePublished\":\"2023-04-25T16:21:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bcb-bancorp-announces-stock-repurchase-program\\\/\"},\"wordCount\":535,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bcb-bancorp-announces-stock-repurchase-program\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgyNTIzOSM1NTU2NDcxIzIwMjQ0Nzk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bcb-bancorp-announces-stock-repurchase-program\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bcb-bancorp-announces-stock-repurchase-program\\\/\",\"name\":\"BCB Bancorp Announces Stock Repurchase Program - 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About BCB Bancorp, Inc. 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