BCB Bancorp Welcomes Seasoned Banker Michael J. Widmer to Its Boards

BCB Bancorp, Inc. and BCB Community Bank have elected Michael J. Widmer to their boards of directors, effective December 4, 2024. Widmer, with over 40 years of banking experience in New Jersey, brings a wealth of expertise in operations, technology, and financial management, poised to enhance the banks' competitive edge in the digital age.

Widmer's extensive background in banking operations and IT could significantly contribute to BCB's growth. His experience in loan origination systems, data processing, and online banking systems suggests he could be instrumental in streamlining BCB's digital offerings and enhancing customer experiences. As a former Head of Operations at Northfield Bank, Widmer understands the intricacies of deposit operations, loan servicing, and IT, enabling him to help BCB navigate the complexities of the digital landscape and adapt to evolving customer demands for seamless, efficient, and secure banking services.

In his previous roles, Widmer implemented two loan origination systems, negotiated data processing contracts, and installed a new online banking system at Northfield Bank. This demonstrates his ability to drive operational improvements and technological advancements. His experience in managing deposit operations, loan servicing, BSA, security, property management, and information technology at Northfield Bank indicates a well-rounded understanding of banking operations. At Liberty Bank, he served as the Chief Operating Officer, Chief Financial Officer, and Director, further showcasing his ability to oversee and manage complex banking operations.

Widmer's election to the boards of BCB Bancorp and BCB Community Bank is likely to bring valuable operational improvements and technological enhancements, helping the banks stay competitive in the rapidly changing banking landscape. His expertise in managing risk and compliance could also help strengthen BCB's risk management strategies and ensure they remain in compliance with regulations, thereby enhancing the bank's overall stability and reputation.

By leveraging Widmer's expertise, BCB can position itself as a forward-thinking financial institution, capable of staying competitive in the rapidly changing banking landscape. His diverse project leadership could help BCB diversify its revenue streams and expand its market reach in the future.

As BCB Bancorp and BCB Community Bank continue to grow and adapt to the evolving demands of the banking industry, the addition of Michael J. Widmer to their boards of directors could prove to be a strategic move. His extensive banking experience and diverse project leadership could significantly contribute to the banks' long-term success and sustainability.