Bayonne Community Bank Completes Holding Company Reorganization.

Business Editors

BAYONNE, N.J.--(BUSINESS WIRE)--May 2, 2003

Bayonne Community Bank today announced that it has completed its reorganization into the holding company structure (the "Reorganization"). Pursuant to the Reorganization, the Bank is now the wholly owned subsidiary of BCB Bancorp, Inc., a New Jersey corporation.

Each share of the Bank's outstanding common stock was automatically converted into one share of BCB Bancorp, Inc. common stock. Donald Mindiak, President and Chief Executive Officer of BCB Bancorp, Inc. and the Bank stated, "We are extremely pleased to have established a holding company. We believe that through BCB Bancorp, Inc. we will be better positioned to take advantage of business opportunities that may arise. The increased flexibility afforded by the holding company organizational structure should benefit all our shareholders and help enhance shareholder value."

As a result of the Reorganization, the common stock of BCB Bancorp, Inc. will be listed on the Nasdaq Electronic Bulletin Board under the symbol "BCBP". Prior to the Reorganization, the Bank's common stock trading symbol was "BYNY."

The Private Securities Litigation Reform Act of 1995 contains safe harbor provisions regarding forward-looking statements. Statements in this report relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments and other statements that are not descriptions of historical facts may be forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in the Bank's Annual Report on Form 10-KSB and in other documents filed by the Bank with the FDIC from time to time. Forward looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue" or similar terms or the negative of these terms. Although the bank believes that the expectations reflected in the forward-looking statements are reasonable, the bank cannot guarantee future results, levels of activity, performance or achievements. The bank has no obligation to update these forward-looking statements.