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BCB Bancorp, Inc., Announces Cash Dividend to Preferred Stock Shareholders

  BCB Bancorp, Inc., Announces Cash Dividend to Preferred Stock Shareholders

Business Wire

BAYONNE, N.J. -- March 25, 2014

BCB Bancorp, Inc., Bayonne, N.J. (NASDAQ:BCBP), announced that the Board of
Directors has unanimously approved a cash dividend of $150.00 for each share
of its Series A 6.00% Noncumulative Perpetual Preferred Stock to be paid to
preferred stock shareholders of record on April 2, 2014. The cash dividend is
payable on April 15^th 2014. The dividend represents a 6.00% yield based on
the Preferred Stock’s face value of $10,000. Donald Mindiak, CEO commented
that “This marks the fourth dividend on our Preferred Stock issuance that was
completed as of December 31, 2012. The successful completion of this capital
raise has provided us the ability and opportunity to continue to grow and
strengthen our balance sheet while we research and execute initiatives that
have the potential of increasing franchise and shareholder value.”

BCB Community Bank currently operates 11 full service offices in Bayonne,
Hoboken, Jersey City, Monroe Township, South Orange and Woodbridge.

Questions regarding the content of this release should be directed to Donald
Mindiak, Chief Executive Officer or Thomas Coughlin, President & Chief
Operating Officer at (201) 823-0700.

Forward-looking Statements and Associated Risk Factors

This release, like many written and oral communications presented by BCB
Bancorp, Inc., and our authorized officers, may contain certain
forward-looking statements regarding our prospective performance and
strategies within the meaning of section 27A of the securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
We intend such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private Litigation
Reform Act of 1995, and are including this statement for purposes of said safe
harbor provisions.

Forward-looking statements, which are based on certain assumptions and
describe future plans, strategies, and expectations of the Company, are
generally identified by the use of words anticipate,” “believe,” “estimate,”
“expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or
conditional verbs such as “could,” “may,” “should,” “will,” “would,” or
similar expressions. Our ability to predict results or the actual effects of
our plans or strategies is inherently uncertain. Accordingly, actual results
may differ materially from anticipated results.

There are a number of factors, many of which are beyond our control, that
could cause actual conditions, events, or results to differ significantly from
those described in our forward-looking statements. These factors include, but
are not limited to: general economic conditions and trends, either nationally
or in some or all area in which we and our customers conduct our respective
businesses; conditions in the securities markets or the banking industry;
changes in interest rates, which may affect our net income, prepayment
penalties and other future cash flows, or the market value of our assets;
changes in deposit flows, and in the demand for deposit, loan and investment
products and other financial services in the markets we serve; changes in the
financial or operating performance of our customers’ businesses; changes in
real estate values, which could impact the quality of the assets securing the
loans in our portfolio; changes in the quality of our loan or investment
portfolios; changes in competitive pressures among financial institutions or
from non-financial institutions; changes in our customer base; potential
exposure to unknown or contingent liabilities of companies targeted for
acquisition; our ability to retain key members of management; our timely
development of new lines of business and competitive products or services in a
changing environment, and the acceptance of such products or services by our
key customers; any interruption or breach of security resulting in failures or
disruptions in customer account management, general ledger, deposit loan or
other systems; any interruption in customer service due to circumstances
beyond our control; the outcome of pending or threatened litigation, or of
other matters before regulatory agencies, or of matters resulting from
regulatory exams, whether currently existing or commencing in the future;
environmental conditions that exist or may exist on properties owned by,
leased by, or mortgaged to the Company; changes in estimates of the future
reserve requirements based upon the periodic review thereof under relevant
regulatory and accounting requirements; changes in legislation, regulation and
policies, including, but not limited to, those pertaining to banking,
securities, tax, environmental protection and insurance, and the ability to
comply with such changes in a timely manner; changes in accounting principles,
policies, practices, or guidelines; operational issues stemming from, and/or
capital spending necessitated by, the potential need to adapt to industry
changes in information technology systems, on which we are highly dependent;
the ability to keep pace with, and implement on a timely basis, technological
changes; changes in the monetary and fiscal policies of the U.S. Government,
including policies of the U.S. Treasury and the Federal Reserve Board; war or
terrorist activities; and other economic, competitive, governmental,
regulatory, and geopolitical factors affecting our operations and services.

It also should be noted that the Company occasionally evaluates opportunities
to expand through acquisition and may conduct due diligence activities in
connection with such opportunities. As a result, acquisition discussions and
in some cases, negotiations, may take place in the future, and acquisitions
involving cash, debt, or equity securities may occur. Furthermore, the timing
and occurrence or non-occurrence of these events may be subject to
circumstances beyond the Company’s control.

Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Except as
required by applicable law or regulation, the Company undertakes no obligation
to update these forward-looking statements to reflect events or circumstances
that occur after the date on which such statements were made.

Contact:

BCB Bancorp, Inc.
Donald Mindiak, Chief Executive Officer
or
Thomas Coughlin, President & Chief Operating Officer
201-823-0700
 
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