On July 30, 2018, BCB Bancorp, Inc. (“BCB”), Bayonne, New Jersey, the holding company for BCB Community Bank, completed a private placement of $33.5 million of its 5.625% Fixed-to-Floating Rate Subordinated Notes due 2028 (the “Notes”).  The Notes are intended to qualify as Tier 2 capital for BCB for regulatory purposes.

Luse Gorman served as legal counsel to BCB in the issuance. The Luse Gorman team was led by Marc Levy and Benjamin Azoff and included Ellie Cook.

BCB has total consolidated assets of approximately $2.5 billion and operates 28 branch offices in northeast New Jersey, three branches in Hicksville and Staten Island, New York, and a loan production office in Manhattan.