BCB Bancorp, Inc. (NASDAQ: BCBP), the holding company for BCB Community Bank, announced on September 25, 2026, that the Bank has entered into definitive agreements to sell portfolios of problem loans. The transactions involve six separate agreements signed between September 21 and September 24, 2026.
The total unpaid principal balance of the loans being sold is approximately $205.3 million as of June 30, 2026. The portfolios consist of commercial and multifamily real estate loans valued at approximately $180.7 million, commercial and industrial (C&I) loans valued at approximately $14.8 million, and construction loans valued at approximately $9.8 million. None of the Bank’s business express loans are included in these transactions.
According to the filing, the estimated pre-tax loss attributable to these sales is $43.3 million, which will be recorded in the third quarter of 2026. As of the filing date, five of the six transactions have closed, with the final transaction expected to close before the end of the third quarter.
Thomas M. O’Brien, President and Chief Executive Officer of the Company and the Bank, stated that the sales reflect a commitment to aggressively address legacy credit challenges and de-risk the balance sheet.
Hilltop Securities Inc. served as financial advisor, and Arnold & Porter Kaye Scholer LLP served as legal counsel for the transactions.
