BCB Bancorp, Inc., Bayonne, N.J. (NASDAQ: BCBP – NEWS), announced that the Board of Directors has unanimously approved a cash dividend of $0.12/share to shareholders of record as of February 7 th, 2011, payable on February 18, 2011. Donald Mindiak, President & CEO commented that, “the announcement and maintenance of our dividend at prior levels bespeaks the confidence that the Board of Directors has in management’s ability to successfully extract synergies of efficiencies from our most recent business combination transaction with Pamrapo Bancorp, Inc. Systems, technology and personnel integrations have been completed and we now undertake the opportunity of managing the Company in this complex and challenging environment to the benefit of our shareholders. We will continue to research opportunities and implement initiatives that have the capacity of increasing franchise and shareholder value.”
BCB Community Bank presently operates ten offices in Bayonne, Jersey City, Hoboken and Monroe Township, New Jersey.
Questions regarding the content of this release should be directed to either Donald Mindiak, President & CEO or Kenneth Walter, Chief Financial Officer at 201-823-0700.
Forward-looking Statements and Associated Risk FactorsThis release, like many written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.