10:30 AM EST, 12/04/2024 (MT Newswires) -- BCB Bancorp ( BCBP ) said Wednesday it is extending an exchange offer for up to $40 million of its outstanding 9.25% fixed-to-floating rate subordinated notes due 2034 until Thursday.

Holders were previously given until Tuesday to participate in the exchange offer.

The bank holding company said it is offering to exchange the old notes for an equivalent amount of new 9.25% fixed-to-floating rate subordinated notes also maturing in 2034.

As of Tuesday, BCB said $39 million of the old notes were tendered in the exchange offer.

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