BCB Bancorp closes $98M public offering of 12.65M shares at $7.75

BCB BANCORP INC

Closed offering of 12,650,000 common shares at $7.75/share; gross proceeds ~$98.0M.
Net proceeds ~$92.4M after underwriting discounts and expenses; Piper Sandler sole book-runner.
Proceeds for liquidity, working capital, Bank capital support, reducing debt, and maintaining capital ratios.
Company cites expected disposition of identified potential problem loans among uses.

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