BCB Bancorp, Inc., Announces Inception of Quarterly Cash Dividend

Bayonne,  N.J.  -  (BUSINESS  WIRE) - February  16,  2007 - BCB  Bancorp,  Inc.,
Bayonne, N.J. (NASDAQ:  BCBP - News),  announced that the Board of Directors has
unanimously  approved  the  payment  of a regular  quarterly  cash  dividend  of
$0.07/share  to begin  effective  with the first  payment on March 15,  2007 for
shareholders  of record as of  February  27,  2007.  Citing  the  success of the
Company,  President & CEO Donald  Mindiak  stated,  "The  inception of a regular
quarterly  cash  dividend  is  another  step in the  maturation  process  of the
Company.  In an effort to provide a competitive  return to our shareholders,  we
believe the institution of a regular  quarterly cash dividend is a reflection of
our  philosophy,  to both establish and institute  initiatives  that continue to
enhance franchise and shareholder value."

The Company's  banking  subsidiary,  Bayonne  Community Bank presently  operates
three offices located in Bayonne, New Jersey.

This discussion, and other written material, and statements management may make,
may  contain  certain   forward-looking   statements   regarding  the  Company's
prospective  performance and strategies within the meaning of Section 27A of the
Securities Act of 1933, as amended,  and Section 21E of the Securities  Exchange
Act of 1934, as amended. The Company intends such forward-looking  statements to
be  covered  by  the  safe  harbor  provisions  for  forward-looking  statements
contained  in the  Private  Securities  Litigation  Reform  Act of 1995,  and is
including this statement for purposes of said safe harbor provisions.

Forward-looking  information is inherently  subject to risks and  uncertainties,
and actual results could differ materially from those currently  anticipated due
to a number of factors, which include, but are not limited to, factors discussed
in the Bank's  Annual  Report on Form 10-K and in other  documents  filed by the
Bank with the FDIC or the Securities and Exchange  Commission from time to time.
Forward-looking statements,  which are based on certain assumptions and describe
future  plans,  strategies  and  expectations  of  the  Company,  are  generally
identified  by the  use of the  words  "plan,"  "believe,"  "expect,"  "intend,"
"anticipate,"   "estimate,"   "project,"  "may,"  "will,"   "should,"   "could,"
"predicts,"  "forecasts,"  "potential,"  or  "continue"  or similar terms or the
negative of these terms. The Company's  ability to predict results or the actual
effects of its plans or strategies is inherently uncertain.  Accordingly, actual
results may differ materially from anticipated results.

Factors  that could  have a material  adverse  effect on the  operations  of the
Company and its subsidiaries  include, but are not limited to, changes in market
interest  rates,  general  economic  conditions,  legislation,  and  regulation;
changes  in  monetary  and fiscal  policies  of the  United  States  Government,
including  policies of the United  States  Treasury and Federal  Reserve  Board;
changes in the  quality or  composition  of the loan or  investment  portfolios;
changes in deposit flows, competition,  and demand for financial services, loan,
deposit,  and investment  products in the Company's  local  markets;  changes in
accounting  principles and guidelines;  war or terrorist  activities;  and other



economic, competitive,  governmental, regulatory, geopolitical and technological
factors affecting the Company's operations, pricing and services.

Readers  are  cautioned  not to place undue  reliance  on these  forward-looking
statements,  which speak only as of the date of this  discussion.  Although  the
Company  believes  that  the  expectations   reflected  in  the  forward-looking
statements are reasonable,  the Company cannot guarantee future results,  levels
of activity,  performance or achievements.  Except as required by applicable law
or   regulation,   the  Company   undertakes   no  obligation  to  update  these
forward-looking  statements to reflect events or circumstances  that occur after
the date on which such statements were made.