The Board of Directors of BCBP and its subsidiary BCB Community Bank will be expanded by two seats for representation from ACB.
Hogan, Chairman of BCBP stated, "The combination will expand our franchise into two new markets.
BCBP shares our philosophy of customer service and local decision making.
acted as financial advisor to BCBP and RP Financial, LC acted as financial advisor to ACB.
This news release contains certain forward-looking statements about the proposed merger of BCBP and ACB.
The merger is subject to certain conditions, including the approval of the shareholders of both BCBP and PBCI and receipt of regulatory approvals.
Mark Hogan, Chairman of BCBP stated, "We believe the partnership will solidify the combined entity's Hudson County franchise and presents the opportunity to generate earnings and attractive returns to both groups of shareholders.
acted as financial advisor to BCBP and Endicott Financial Advisors, L.
BCBP operates through three retail branches in Bayonne and Hoboken, New Jersey and through its executive office located at 104-110 Avenue C, Bayonne, New Jersey 07002.
This news release contains certain forward-looking statements about the proposed merger of BCBP and PBCI and the effects of the proposed merger on the companies.