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BCB Bancorp, Inc. and Pamrapo Bancorp, Inc. Jointly Announce a Strategic Merger.

Publication: Mergers & Acquisitions Business
Publication Date: 16-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BCB Bancorp, Inc. (Nasdaq GM: BCBP) ("BCBP") and Pamrapo Bancorp, Inc. (Nasdaq GM: PBCI) ("PBCI") jointly announced the signing of a definitive merger agreement ("agreement"). Under the terms of the agreement Pamrapo will merge with BCBP. PBCI shareholders will receive 1.00 share of BCBP for each share of PBCI.

The Board of Directors of BCBP will be expanded by five seats for representation from PBCI. Daniel Massarelli will serve...

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