Arnold & Porter recently served as counsel to BCB Bancorp, Inc., the parent company of BCB Community Bank, in connection with definitive agreements with six purchasers to sell several portfolios of certain problem loans.
The agreements, entered into between September 21 and 24, 2026, provide for the sale of loans with an aggregate unpaid principal balance of approximately $205.3 million as of June 30, 2026. Five of the six loan sale transactions have closed, with the last transaction expected to close before the end of Q3 2026.
The Arnold & Porter corporate team was led by partner Rob Azarow and included counsel Stephanie Nygard and senior associate Ashleigh Heffernan. Senior associate Greg Criscitello and associate Remila Jasharllari provided support on related public disclosures.