BCB BANCORP INC

TEM 5. OTHER INFORMATION

In the Company’s definitive proxy statement mailed to shareholders in connection with the Company’s 2024 annual meeting of shareholders, which was filed with the SEC on March 15, 2024, the Company inadvertently stated on page 31 of the proxy statement: “If within two years after the occurrence of a change in control of the Company or the Bank, Mr. Chaudhry’s employment is terminated by the Bank (or its successor) without cause or the executive voluntarily terminates for Good Reason (as defined in the agreement), he will receive a lump sum payment equal to two (2) times his annual base salary at the time of a change in control.” Mr. Chaudhry’s payment in that situation under his employment agreement is actually three (3) times his annual base salary at the time of a change in control plus a bonus equal to the highest bonus received over the three years prior to the change in control. That error occurs again on page 34 under “POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL,” and in the last two columns of the table on page 35 where its states that Mr. Chaudhry’s payment in the event a qualifying termination of employment would be $700,000. The payment reflected in each such column should be $1,150,000.

Also, in the header to the table on page 24 of the proxy statement under “Base Salary”, the year 2023 should be 2022 and the year 2022 should be 2023.

‎