Initial purchase: 9/2/2014
Cost basis: $13.02
Current Portfolio Status: Penalty
Dividend Reinvestment: N
Dividends paid quarterly in Feb, May, Aug, Nov
Shares held on account at Motif
BCB Bancorp, Inc. operates as the holding company for BCB Community Bank that provides banking products and services in New Jersey. The company offers various deposit products, including demand, NOW, savings and club, money market, term certificate, non-interest bearing, and individual retirement accounts, as well as certificates of deposit. It also provides 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. In addition, the company offers retail and commercial banking services, including wire transfers, money orders, traveler’s checks, safe deposit boxes, night depository, bond coupon redemption, and automated teller services. As of December 31, 2013, it operated through 11 branches in Bayonne, Jersey City, Hoboken, Monroe Township, South Orange, and Woodbridge. The company was founded in 2000 and is based in Bayonne, New Jersey.
Penalty Reason: Sep 14, 2015 announced that it had commenced a public offering of $40 million in shares of its common stock – i.e., roughly 35% dilution to existing shareowners.