BCB Bancorp, Inc. Declares Special Dividend of 30 Cents Per Share

BAYONNE,  N.J.--(BUSINESS  WIRE)--Aug.  14, 2006--Mark D. Hogan, Chairman of the
Board of BCB Bancorp,  Inc., parent company of Bayonne Community Bank, announced
today that the Company's Board of Directors has declared a special cash dividend
of 30 cents per share.  The  dividend  will be paid on September  20th,  2006 to
shareholders  of record on September 1st, 2006. This is the Company's first cash
dividend since opening for business in November of 2000.

Donald Mindiak, President, stated, "The cash dividend is being paid to provide a
return to stockholders,  after  considering the equity and  profitability of the
Company and the Bank. The payment of future  dividends,  if any, will be subject
to the Board's periodic review of the financial condition,  earnings and capital
requirements of the Company and the Bank."

Bayonne  Community  Bank is a state  chartered  bank which conducts its business
from three offices located in Bayonne, New Jersey. The Company's common stock is
traded on the NASDAQ under the symbol of BCBP.

Please contact Donald Mindiak,  President,  or Thomas Coughlin,  Chief Financial
Officer, with any questions or concerns at 201-823-0700.

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
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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.