BCB Bancorp, Inc. Announces Suspension of Cash Dividend

BCB Bancorp, Inc. has announced that its Board of Directors has voted to suspend the payment of quarterly cash dividends on its common and preferred stock. This decision, effective June 18, 2026, also includes the suspension of the Company's 2026 Amended and Restated Dividend Reinvestment and Stock Purchase Plan. The suspension of dividends is expected to conserve approximately $1.86 million in capital per quarter. The company cited a fulsome evaluation of the Bank's credit portfolios as the reason for this action, emphasizing capital preservation and supporting long-term shareholder value. The Company anticipates continued support for its debt service obligations, given the parent company's limited cash position.