BCB Financial institution is celebrating its 20th Anniversary right now with a thanks to its greater than 60,000 loyal prospects. The Financial institution opened its doorways with its first department 20 years in the past at 860 Broadway, in Bayonne, New Jersey.
BCB Financial institution was based as Bayonne Neighborhood Financial institution when President & CEO Thomas Coughlin noticed a necessity for a neighborhood financial institution to serve the wants of the town’s residents and companies.
After 10 years of profitable development, BCB acquired Pamrapo Financial savings Financial institution, additionally headquartered in Bayonne however with attain into neighboring communities. Quickly after, BCB acquired Allegiance Neighborhood Financial institution, headquartered in South Orange. The financial institution continued to develop by buying Indus American Financial institution in 2018. In 2020, BCB expanded its footprint additional with the opening of a brand new department in Newark, NJ.
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In the present day, BCB is a thriving neighborhood financial institution with department workplaces all through New Jersey and New York. BCB has roughly 400 workers and property in extra of $2.eight billion.
“BCB has at all times thought-about the neighborhood to be our main focus,” stated Coughlin. “Whereas rising, we by no means overpassed our mission to serve the individuals and companies throughout the communities we help. The previous, current and future are rooted locally.
“Our hallmark, along with excellent customized service and progressive merchandise, has been our help of neighborhood causes, in addition to the native small enterprise sector. Our workers are the identical individuals our prospects see on the grocery retailer, teaching Little League and serving on the boards of Non-Revenue Organizations”.
In the present day, Neighborhood Banking is relied upon to assist face the challenges and hurdles that the small enterprise homeowners face throughout these tough occasions. The area people financial institution might be extra aware of the wants of its prospects.