BCB Bancorp, Inc. Names Michael A. Shriner President And Chief Executive Officer, Effective January 1, 2024

BCB Bancorp, Inc. -1.53% Pre

BCB Bancorp, Inc.

BCBP

9.63

9.63

-1.53%

0.00% Pre

BCB Bancorp, Inc. (the "Company"), (NASDAQ:BCBP), the holding company for BCB Community Bank (the "Bank" or "BCB")), today announced that Michael A. Shriner has been named President and Chief Executive Officer of BCB Bancorp and BCB Community Bank, effective January 1, 2024. Retiring President and Chief Executive Officer Thomas M. Coughlin, 63, will continue to serve on the Company's Board of Directors.

 

Mr. Shriner, a 35-year veteran of banking, was formerly President and Chief Executive Officer of Millington, New Jersey-based MSB Financial Corp. and Millington Bank prior to being acquired by Kearny Bank. Under his leadership, he converted Millington Bank from a mutual holding company structure to a fully public institution through a Second Step Conversion. Mr. Shriner joined Millington Bank in 1987 and held various commercial and corporate banking positions, including that of Chief Operating Officer and Board Member prior to his promotion to President and Chief Executive Officer in 2012. Most recently, he held the role of Market President for Kearny Bank, where he transitioned legacy Millington Bank customers to Kearny Bank following the merger acquisition. Mr. Shriner holds an Associate of Arts Degree in Business Administration from the University of New Hampshire and is a Graduate of The National School of Banking, Fairfield University.

"Michael Shriner's success in leading a growing franchise will most certainly be an asset to our management team as BCB continues to expand," said Mr. Mark D. Hogan, Chairman of the Board. "His knowledge of banking, finance, credit administration and risk management is exceptional. Michael has an established record of building a high-performance banking culture and results-driven profitability management. The Board and management are excited about the expertise, energy and professionalism that Michael brings to our organization."

"BCB is committed to providing superior banking services to businesses and individuals in the community. I am excited to join and lead a team of professionals that delivers that commitment," said Mr. Shriner. "I am confident we are building a great team that is capable of growing our business banking model and maximizing shareholder returns as we capitalize on opportunities taking place within the banking industry."

Mr. Coughlin has been with the Bank since its inception, most recently serving as President and Chief Executive Officer of BCB Community Bank and BCB Bancorp since 2014. Believing that Bayonne was underserved by community banks, Mr. Coughlin, along with the support of local investors, founded Bayonne Community Bank in 2000.

"Tom Coughlin's leadership and dedication are evident in the success BCB has experienced during his tenure," said Mr. Hogan. "On behalf of the Board of Directors, I want to express our sincere appreciation to Tom for the leadership and guidance that he has provided."

"It is an honor to have served BCB for almost 23 years," said Mr. Coughlin. "Throughout my career, I have been fortunate to work with an outstanding group of banking professionals, and I am extremely proud of what we have accomplished together. BCB Bank has always maintained a strong commitment to serve our customers, communities, shareholders and employees."

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