BCB Bancorp in Bayonne, N.J., has commenced a public offering of $40 million of its common stock.

The $1.5 billion-asset company said in a press release Monday that it plans to use the proceeds for general corporate purposes, including liquidity management, business growth, possible early debt retirement, future acquisitions, funding working capital needs and maintaining capital ratios.

The shares are being issued and sold under a shelf registration filed last October.

Sandler O'Neill is BCB's financial adviser for the offering.

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