BCB Bancorp (BCBP) Announces a 20% Increase in Quarterly Cash Dividend

BCB Bancorp (NASDAQ: BCBP) announced that the Board has unanimously approved a 20% increase in the payment of their quarterly cash dividend from $0.10/share to $0.12/share to shareholders of record on October 30th, 2008, payable on November 14, 2008. Donald Mindiak, President & CEO commented that, "we take great pride in the declaration of the payment of this quarterly cash dividend, which is 20% greater than the prior quarter, in that we believe this represents the Board's confidence in the Company's ability to provide our shareholders' with a competitive return on their investment. It also bespeaks the Board's confidence in management's ability to prudently manage the risks associated with the complex and challenging operating environment we are presently experiencing. As we continue on in this endeavor, we will strive to find and implement initiatives that have the capacity of increasing franchise and shareholder value."

BCB Community Bank presently operates four offices, three located in Bayonne and one located in Hoboken, New Jersey.

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