BCB Bancorp, Inc. Announces Extension of Exchange Offer for its 9.25% Fixed-to-Floating Rate Subordinated Notes Due 2034
BCB Bancorp, Inc. (the “Company”), (
NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today announced that it had extended its offer (the "exchange offer") to exchange up to $40 million aggregate principal amount of its outstanding 9.25% Fixed-to-Floating Rate Subordinated Notes due 2034 (the "Old Notes") for an equivalent amount of its 9.25% Fixed-to-Floating Rate Subordinated Notes due 2034 registered under the Securities Act of 1933, as amended (the "Exchange Notes"). $40 million aggregate principal amount of Old Notes were issued and sold by the Company in August 2024 in a private offering.
