BCB Bancorp to sell problem loan portfolios with $205.3 million unpaid balance
The company said the portfolios had an unpaid principal balance of $205.30 million as of June 30, 2026 and expects a pre-tax loss of $43.30 million in Q3 2026.
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The company said the portfolios had an unpaid principal balance of $205.30 million as of June 30, 2026 and expects a pre-tax loss of $43.30 million in Q3 2026.
BCB Bancorp agreed to sell problem loan portfolios with about $205.3 million in unpaid principal balance as of June 30, 2026. Assets include commercial and multifamily real estate loans totaling about $180.7 million, plus $14.8 million of C&I loans. Construction loans in the sale total about $9.8 million; business expr