BCB BANCORP, INC. (NASDAQ:BCBP) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02
Unregistered Sales of Equity Securities
On June 30, 2017, BCB Bancorp, Inc. (the "Company") closed a private placement of the remaining Series D Noncumulative Perpetual Preferred Stock, resulting in gross proceeds of $4,260,000 for 426 shares. The sale represents 31.74% of the total issued and outstanding Noncumulative Perpetual Preferred Stock, which includes Series C Noncumulative Perpetual Preferred Stock. The purchase price was $10,000 per share. The Company relied on the exemption from registration with the Securities and Exchange Commission ("SEC") provided under SEC Rule 506 of Regulation D.
The total Series D Noncumulative Perpetual Preferred Stock offering consisted of 954 shares for gross offering proceeds of $9,540,000.
About BCB BANCORP, INC. (NASDAQ:BCBP)
BCB Bancorp, Inc. is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. Its business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities. It offers loans, including commercial and multi-family real estate loans, one- to four-family mortgage loans, home equity loans, construction loans, consumer loans and commercial business loans; FDIC-insured deposit products, such as savings and club accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit and individual retirement accounts, and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, a night depository, debit cards, online banking, gift cards, fraud detection and automated teller services.
