BCB Bancorp, Inc. and BCB Community Bank Elect Raymond J. Vanaria to its Boards of Directors
BCB Bancorp (NASDAQ: BCBP) and BCB Community Bank announced the election of Raymond J. Vanaria to their Boards of Directors, effective immediately. A seasoned accountant, Vanaria joined Malesardi, Quackenbush, Swift & Co. in 1983 and became a member in 1988. He specializes in taxation, auditing, and small business consulting and has profound experience in corporate governance. Vanaria has previously served on the Boards of Fulton Bank, Millington Bank, and ConnectOne Bank, where he chaired the Audit Committee. His professional affiliations include the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants, and MSI Global Alliance. Vanaria holds a BS and an MBA in Finance from Fairleigh Dickinson University. Mark D. Hogan, Chairman of BCB's Board, praised Vanaria’s skills and reputation, particularly in accounting and taxation, which will strengthen the Board.
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BAYONNE, N.J., July 02, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”), today announced the election of Raymond J. Vanaria to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately.
Mr. Vanaria joined Malesardi, Quackenbush, Swift & Company LLC as an accountant in 1983, and became a member of the firm in 1988. He specializes in individual and corporate taxation, auditing, and small business consulting. Mr. Vanaria has deep experience in the areas of corporate governance and auditing. He has served on the Board of Directors for Fulton Bank (formerly Prudential Bank of Philadelphia), Millington Bank, and ConnectOne Bank (formerly Center Bancorp), serving as Chair of the Audit Committee of the latter two. He is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants and MSI Global Alliance. Mr. Vanaria graduated Magna Cum Laude from Fairleigh Dickinson University with a Bachelor of Science degree and a Master of Business Administration - Finance.
“We are very pleased to have Raymond join our Boards of Directors and serve as Chair of the Audit Committee,” said Mr. Mark D. Hogan, Chairman of the Board. “Raymond is exceedingly well known and highly respected in our business communities. His extensive background in accounting and taxation will complement the skills represented on the Board of Directors.”
About BCB Bancorp, Inc.
Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has twenty-seven branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to www.bcb.bank.
Forward-Looking Statements
This 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.
In addition to factors previously disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission (the "SEC") and those identified elsewhere in this release, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the inability to close loans in our pipeline; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; supply chain disruptions; any future pandemics and the related adverse local and national economic consequences; civil unrest in the communities that the company serves; customer acceptance of the Bank’s products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and actions of governmental agencies and legislative and regulatory actions and reforms.
| Contact: | |
| Michael Shriner | Ryan Blake |
| President & CEO | Chief Operating Officer |
| 201.823.0700, ext. 3270 | 201.823.0700, ext. 2076 |
| mshriner@bcb.bank | rblake@BCB.Bank |
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