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

BAYONNE, NJ--(Marketwire - June 30, 2009) - BCB Bancorp, Inc. (NASDAQ: BCBP) ("BCBP") and Pamrapo Bancorp, Inc. (NASDAQ: 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 as Chairman of the combined entity and Mark Hogan will serve as Vice Chairman. Donald Mindiak will be the President and CEO of the combined entity, Thomas Coughlin will serve as COO and Kenneth Walter will serve as CFO. Both Boards of Directors have unanimously approved the merger.

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