invest1 publisher
BCB Bancorp sells stock at 47% below book to clear $306m of problem loans
Thomas O'Brien is spending a discounted $98 million stock sale to clear $306 million of BCB Bancorp's worst credits in a single quarter, and the loss that produces runs to $136.1 million at the top end.
Publishers:americanbanker.com
Reality
- Evidence62
- Adoption40
- Hype gap+12
- Incentives72
- Confidence55