BCB Bancorp redeems $24.1M subordinated notes due 2028, plus $9.4M repurchased in Q3

BCB BANCORP INC

On Nov 1, 2024, BCB Bancorp redeemed all $24.1M of its 5.625% Fixed-to-Floating Subordinated Notes due 2028, plus accrued interest.
During Q3 2024, the Company repurchased $9.4M of the notes for redemption prior to the full redemption.
The redemption eliminates $24.1M in subordinated debt, reducing future interest expense and leverage.

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