BCB Bancorp issues $15.27M of Series J Preferred Stock in private placement

BCB BANCORP INC

Issued 1,527 shares of Series J Noncumulative Perpetual Preferred at $10,000/share, gross proceeds $15.27M.
Sale represents 60.4% of total issued and outstanding preferred stock across all series.
Exemption from SEC registration claimed under Rule 506 of Regulation D.
Filed Certificate of Amendment to establish Series J terms, ranking pari passu with Series H and I.
Board approved on Sep 20, 2023; amendment effective Dec 14, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BCB BANCORP INC: Certificate of Amendment filed to add Article V, Part (L) to the Restated Certificate of Incorporation to establish Series J Preferred Stock, setting its number, designation, powers, preferences, rights, and limitations (effective 2023-12-14).

Change: charter amendment
Effective: 2023-12-14

Exact text from the filing

On December 14, 2023, BCB Bancorp, Inc. (the "Company") filed a Certificate of Amendment to its Restated Certificate of Incorporation adding a new Article V, Part (L) with respect to the Series J Preferred Stock.

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BCB BANCORP INC filing history →

Source: SEC EDGAR

accession 0001193125-23-299928

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