<SEC-DOCUMENT>0001193125-24-226015.txt : 20241029
<SEC-HEADER>0001193125-24-226015.hdr.sgml : 20241029
<ACCEPTANCE-DATETIME>20240925160555
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ACCESSION NUMBER:		0001193125-24-226015
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240925

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCB BANCORP INC
		CENTRAL INDEX KEY:			0001228454
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				260065262
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		104-110 AVENUE C
		CITY:			BAYONNE
		STATE:			NJ
		ZIP:			07002
		BUSINESS PHONE:		(201) 823-0700

	MAIL ADDRESS:	
		STREET 1:		104-110 AVENUE C
		CITY:			BAYONNE
		STATE:			NJ
		ZIP:			07002
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<TYPE>CORRESP
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>BCB BANCORP,&nbsp;INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">104-110</FONT> Avenue C </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Bayonne, NJ 07002 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">September&nbsp;25, 2024 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><I>VIA EDGAR
</I></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">United States Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attn: Jennifer Gowetski and Amanda Ravitz </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of
Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Disclosure Review Program </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Office of
Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C. 20549 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">BCB Bancorp, Inc. </P></TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Definitive Proxy Statement on Schedule 14A </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Filed on March&nbsp;15, 2024 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">File <FONT STYLE="white-space:nowrap">No.&nbsp;000-50275</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We are responding to your
letter, dated September&nbsp;9, 2024, relating to the filing referenced above of BCB Bancorp, Inc. (the &#147;<U>Company</U>&#148;).&nbsp;For convenience of reference, each of your comments is set forth below, in bold, together with the
Company&#146;s related response.</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Definitive Proxy Statement on Schedule 14A filed on March&nbsp;15, 2024 (the &#147;2024 Proxy&#148;) </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Pay Versus Performance, page 37 </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1. Please
clarify the reference to the NASDAQ Composite Index in footnote (4)&nbsp;to the pay versus performance table, given that we do not see any related data in the table and Item 402(v)(8) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT>
specifically permits smaller reporting companies to exclude peer group disclosure. Also, we are unable to locate the referenced table below the footnote, although we do see that you have included a graph showing the NASDAQ Composite Index. If you
choose to include information in your Item 402(v) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> disclosure beyond that which is required, please ensure that any additional disclosure is &#147;clearly identified as supplemental, not
misleading, and not presented with greater prominence than the required disclosure.&#148; See Pay Versus Performance, Release No.&nbsp;3495607 (August 25, 2022) [87 FR 55134 (September 8, 2022)] at Section II.F.3. Please also note that the peer
group used to satisfy Item 402(v)(2)(iv) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> must be the same peer group used by registrants pursuant to either Item 201(e)(1)(ii) or Item 402(b) of Regulation
<FONT STYLE="white-space:nowrap">S-K.</FONT> </B></P>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Response</U>. In preparing the pay versus performance table in the 2024 Proxy, the Company intended to
insert a Peer Group TSR column under the &#147;Value of initial fixed $100 investment&#148; header in that table. However, in the final version of the table, the Peer Group TSR column was inadvertently deleted from the table, but footnote
(4)&nbsp;that pertained to the Peer Group TSR column was kept in the table. That is why there is a reference to the NASDAQ Composite Index in footnote (4). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The reference to &#147;set forth in the table below&#148; in footnote (4)&nbsp;should have been changed. The sentence should have begun &#147;The Peer Group
TSR in the column below utilizes the NASDAQ Composite Index, &#133;.&#148; The Company was referring to the inadvertently omitted column discussed above. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the Company chooses to include information in its Item 402(v) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> disclosure beyond that which is
required, it will ensure that any additional disclosure is clearly identified as supplemental, not misleading, and not presented with greater prominence than the required disclosure. The Company also understands that the peer group used to satisfy
Item 402(v)(2)(iv) of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> must be the same peer group used by registrants pursuant to either Item 201(e)(1)(ii) or Item 402(b) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Definitive Proxy Statement on Schedule 14A filed on March&nbsp;15, 2024 </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Pay Versus Performance, page 39 </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>2. We note the
graph on page 39 showing the relationship between compensation actually paid to your PEO, the average compensation actually paid to your <FONT STYLE="white-space:nowrap">Non-PEO</FONT> NEOs and your cumulative total shareholder return. It appears,
however, that you have not provided a description of the relationship between compensation actually paid and net income, as required by Item 402(v)(5)(ii) of Regulation <FONT STYLE="white-space:nowrap">S-K.</FONT> In future filings, please provide
the required disclosure. Please note that it is not sufficient to state that no relationship exists, even if a particular measure is not used in setting compensation. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Response</U>. The description of the relationship between compensation actually paid and net income, as required by Item 402(v)(5)(ii) of Regulation <FONT
STYLE="white-space:nowrap">S-K,</FONT> was included in the Definitive Proxy Statement on Schedule 14A filed on March&nbsp;21, 2023, but not in the final 2024 Proxy filing. This information will be included in future proxy filings. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Definitive Proxy Statement on Schedule 14A filed on March&nbsp;15, 2024 </U></B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Pay Versus Performance, page 39 </U></B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">3. <B>Please
ensure that the descriptions and legends accompanying the relationship disclosure on page 39 clearly describe the information that appears in the graph. Specifically, the paragraph above the graph does not reference the supplemental total
shareholder return information for the S&amp;P US BMI Banks Index or the NASDAQ Composite Index. Also, if you choose to include information in your disclosure beyond that which is required by Item 402(v) of Regulation
<FONT STYLE="white-space:nowrap">S-K,</FONT> please ensure that any such additional disclosure is identified in accordance with the guidance set forth in comment 1 above.</B> </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Response</U>. The Company will ensure that the descriptions and legends accompanying the referenced
relationship disclosure clearly describe the information that appears in the graph in future proxy filings. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection
with responding to your comments, the Company acknowledges that the Company and its management are responsible for the adequacy and accuracy of the disclosures in its filings, notwithstanding any review, comments, action or absence of action by the
staff of the SEC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you have any questions or further comments with respect to these matters, please contact the undersigned at (201) <FONT
STYLE="white-space:nowrap">823-0700.</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="bottom">Very truly yours,</TD></TR>
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<TD HEIGHT="16"></TD></TR>
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<TD VALIGN="top">BCB BANCORP, INC.</TD></TR>
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<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Ryan Blake</TD></TR>
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<TD VALIGN="top">Ryan Blake</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Executive Vice President</TD></TR>
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<TD VALIGN="top">Chief Operating Officer</TD></TR>
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