BCB Bancorp, Inc. Announces Definitive Agreements to Sell Problem Loan Portfolios

BAYONNE, N.J., Sept. 25, 2026 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), announced today that the Bank has entered into definitive agreements to sell several portfolios of certain problem loans, most of which are rated criticized or classified under the Bank’s internal risk rating system. Between September 21 and September 24, 2026, the Bank entered into definitive agreements with six different purchasers providing for the sale of loans with an aggregate unpaid principal balance of approximately $205.3 million as of June 30, 2026.

The portfolios being sold consist of commercial and multifamily real estate loans with an aggregate unpaid principal balance of approximately $180.7 million, commercial and industrial (C&I) loans with an aggregate unpaid principal balance of approximately $14.8 million, and construction loans with an aggregate unpaid principal balance of approximately $9.8 million, in each case, as of June 30, 2026. None of the Bank’s business express loans are included in the portfolios. The estimated pre-tax loss attributable to these loan sales is $43.3 million, which will be recorded in the third quarter of 2026.