BCB Bancorp (NASDAQ: BCBP), the parent company of BCB Bank (the
“Bank”), is pleased to announce the hiring of Mark J. Noto as BCB
Bank’s Chief Lending Officer. David Garcia will make a lateral move
to Executive Vice President (“EVP”) of BCB’s newly formed
subsidiary, BCB Capital Group (“BCG”).
Noto and Garcia will report
to BCB’s President and Chief Executive Officer, Thomas M.
Coughlin, and Ryan Blake, BCB’s Senior Vice President
and Chief Operating Officer (“COO”).
As BCB’s Chief Lending Officer, Noto will be
responsible for all the Bank’s lending initiatives.
“We are very pleased to
have Mark join our team. His wealth of experience in
C&I lending, finance, and his commitment to community
banking fit BCB’s mission. His expertise and
leadership will help us map and navigate the terrain as
we continue to focus on our existing customer base while creating a
positive strategy that helps to bring greater clarity to business
owners during these uncertain economic times,” said Tom Coughlin,
CEO of BCB Bank.
Most recently, Noto served as the Executive
Vice President, Head of Commercial Banking for Investors Bank
(Citizens Bank a/o April 6, 2022). Noto was successful in
growing the bank’s Commercial and Industrial Loan division over
his decade of service. His success involved the creation of
several specialty businesses while never losing focus on the Bank’s
core community-based clients. “My approach has always been straight
forward. Listen to your client, understand their business, and give
them the best solution that works for them and the Bank,” said
Noto.
“I chose BCB because I believe I can make a
positive impact. Their solid foundation in banking principles and
their will to grow the business made my decision a comfortable
one.”
Noto earned a Bachelor of
Arts degree for Economics from Fordham University in
New York City, New York. He has served as a board member for
Neighborhood Housing of New York City, New York Industries for the
Blind, and The Staten Island Zoological Society.
DAVID GARCIA BECOMES EXECUTIVE VICE PRESIDENT OF BCB’s
NEWLY FORMED SUBSIDIARY BCB CAPITAL GROUP (“BCG”).
David Garcia will make the lateral move to
spearhead BCB’s newly formed subsidiary, BCB Capital Group, as its
EVP. Garcia joined BCB in 2020 as its Chief Lending Officer and has
overseen BCB’s Lending Division through its unprecedented
expansionary phase over the last two years.
Garcia will report to BCB’s President
and CEO, Thomas M. Coughlin, and SVP/COO Ryan Blake.
BCB Capital Group’s (“BCG”) efforts will
concentrate on structured and alternative lending solutions within
the BCB Bank geographic lending footprint, with a primary focus on
short-term, value-add and opportunistic commercial mortgage
transactions. Offerings will include fixed & floating rate
senior debt, and financial products like A/B structures.
The formation of BCG coincides with an increase
in value-add and interim financing requests received by BCB Bank.
“BCB Capital will now provide our clients an enhanced ability to
navigate market conditions to meet their long-term goals. This new
effort further augments BCB’s reputation as an accretive,
forward-thinking, innovative lender,” said Garcia.
With almost 30 years of experience in the
finance industry, Garcia’s executive career has focused on growing
both bank and investment bank platforms.
Prior to his tenure at BCB, he spent more than a
decade with Oritani Bank (since merged with Valley National Bank),
including as Executive Vice President of Oritani’s private REIT,
Oritani Asset Corp., as well as Managing Director of Oritani
Finance Co. His tenure enabled the bank’s lending platform
expansion to encompass five contiguous states. Prior to that,
he served at UBS Investment Bank in the Global Commercial Real
Estate/CMBS Group for nearly a decade, most recently as a Director
leading the proprietary acquisition of credit-tenant assets
nationwide. Before working at UBS, Garcia served as Associate
Director within the real estate finance group at Daiwa
Securities.
Garcia earned a Bachelor of Science degree from
Dominican College; and a Master of Business Administration (MBA)
from Fairleigh Dickinson University. He served as Chairman of the
Real Estate Board of New York Finance Committee from 2019-2021 and
is active in several influential industry organizations.
About BCB Bancorp, Inc.
Established in 2000 and headquartered in Bayonne, N.J., BCB
Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc.
(NASDAQ: BCBP). The Bank has 27 branch offices in Bayonne, Edison,
Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood,
Monroe Township, Newark, Parsippany, Plainsboro, River Edge,
Rutherford, South Orange, Union, and Woodbridge, New Jersey, and
three branches in Hicksville and Staten Island, New York. The Bank
provides businesses and individuals a wide range of loans, deposit
products, and retail and commercial banking services. For more
information, please go to www.bcb.bank (Opens in a new
Window).
Forward-Looking Statements
This release, like many written and oral
communications presented by BCB Bancorp, Inc., and our
authorized officers, may contain certain forward-looking statements
regarding our prospective performance and strategies within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
We intend such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995, and are including
this statement for purposes of said safe harbor provisions.
Forward-looking statements, which are based on certain assumptions
and describe future plans, strategies, and expectations of the
Company, are generally identified by use of words “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “plan,” “project,”
“seek,” “strive,” “try,” or future or conditional verbs such as
“could,” “may,” “should,” “will,” “would,” or similar expressions.
Our ability to predict results or the actual effects of our plans
or strategies is inherently uncertain. Accordingly, actual results
may differ materially from anticipated results.
In addition to factors previously disclosed in
the Company’s reports filed with the U.S. Securities and
Exchange Commission (the "SEC") and those identified elsewhere
in this release, the following factors, among others, could cause
actual results to differ materially from forward-looking statements
or historical performance: the inability to close loans in our
pipeline; changes in asset quality and credit risk; the inability
to sustain revenue and earnings growth; changes in interest rates
and capital markets; inflation; supply chain disruptions; any
future pandemics and the related adverse local and national
economic consequences; civil unrest in the communities that the
company serves; customer acceptance of the Bank’s products and
services; customer borrowing, repayment, investment and deposit
practices; customer disintermediation; the introduction,
withdrawal, success and timing of business initiatives; competitive
conditions; economic conditions; and the impact, extent and timing
of technological changes, capital management activities, and
actions of governmental agencies and legislative and regulatory
actions and reforms.
Contact: |
Pamela
Sclafane |
|
Marketing & Community Relations |
|
(201) 823-0700 |
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