BCB Bancorp to sell $205.3M of problem loans to six buyers; expects $43.3M Q3 pre-tax loss

BCB BANCORP INC

Definitive agreements signed Sept 21-24, 2026 with six purchasers covering loans with $205.3M aggregate unpaid principal balance as of June 30, 2026.
Portfolio mix: $180.7M commercial and multifamily real estate, $14.8M C&I, $9.8M construction; no business express loans included, mostly criticized/classified credits.
Estimated pre-tax loss of $43.3M on the sales, to be recorded in the third quarter of 2026.
Five of six transactions have closed; the last is expected to close before the end of Q3 2026, and each agreement is independent of the others.
CEO Thomas M. O'Brien said the sales 'meaningfully de-risk our balance sheet'; Hilltop Securities advised, Arnold & Porter Kaye Scholer was legal counsel.

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