BCB Bancorp, Inc. Buyback
OLI recorded this information on 12/11/2020
BCB Bancorp, Inc.
Share Amount Authorized:
BCB Bancorp, Inc. (the "Company"), (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today announced it has adopted a new stock repurchase program, effective December 16, 2020. Under the stock repurchase program, management is authorized to repurchase up to 500,000 shares of the Company's common stock. The shares authorized for repurchase under the program equate to approximately 2.9% of the Company's outstanding shares of common stock. As of December 10, 2020, the Company had approximately 17.1 million shares of common stock outstanding. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be limited or terminated at any time without prior notice.
BCB Bancorp is a bank holding company. Through its subsidiary, BCB Community Bank (the Bank), Co. provides Federal Deposit Insurance Corporation (FDIC)-insured deposit products and invests funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities. Co. also provides loans to its customers, including commercial and multi-family real estate loans, one- to four-family mortgage loans, commercial business loans, construction loans, home equity loans, and consumer loans. Co.'s deposit instruments include demand, negotiable order of withdrawal, savings and club accounts, money market accounts, and term certificate accounts.
Open the BCBP Page at The Online Investor »
Hold (2.00 out of 4)