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BCB Bancorp Halts All Dividends as New CEO Flags Credit Review and Capital Strain

BCB Bancorp suspended quarterly cash dividends on both its common and preferred stock on June 18, 2026, alongside its Dividend Reinvestment and Stock Purchase Plan. Newly installed CEO Thomas M. O'Brien framed the move as capital preservation ahead of a broad credit portfolio review, stating that eliminating dividends will conserve approximately $1.86 million per quarter to protect the bank's "well-capitalized" status "with a reasonable cushion." O'Brien also disclosed that the parent company holds a "limited cash position" and is relying on the bank to service its own debt obligations — a sign of funding stress at the holding company level.