By Stephanie N. Rotondo
Phoenix, Jan. 3 - BCB Bancorp Inc. said Thursday that it had raised $8.65 million from a private placement of 6% series A noncumulative perpetual preferreds.
The placement closed Dec. 31, according to a press release.
The preferreds are $10,000-par securities.
Proceeds will be used to support the capital of BCB Community Bank.
BCB Bancorp is a Bayonne, N.J.-based bank holding company.
| Issuer: | BCB Bancorp Inc.
|
| Securities: | Series A noncumulative perpetual preferred stock
|
| Amount: | $8.65 million
|
| Dividend: | 6%
|
| Par: | $10,000 per share
|
| Settlement date: | Dec. 31
|
| Distribution: | Private placement
|
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