Ramin Talaie/Bloomberg

Neighborhood banking veteran Michael Shriner is taking the management reins at BCB Bancorp following the retirement of the New Jersey financial institution’s longtime CEO.

Shriner will develop into president and CEO of the Bayonne, New Jersey-based company and its BCB Neighborhood Financial institution subsidiary at the beginning of subsequent yr, the corporate stated Thursday in a press free up.

From 2012 to 2020, Shriner served as president and CEO of New Jersey-based MSB Monetary and its Millington Financial institution subsidiary. In July 2020, Kearny Monetary in Fairfield, New Jersey, received MSB Monetary in a deal at the start valued at $94 million.

“Michael has a longtime report of establishing a high-performance banking tradition and results-driven profitability control,” Mark Hogan, chairman of BCB’s board of administrators, stated within the press free up.

Shriner will be triumphant Thomas Coughlin, who has served as BCB’s CEO since 2014. Again in 2000, Coughlin based the financial institution, at the start referred to as Bayonne Neighborhood Financial institution, with the improve of native traders.

BCB was once began at the trust that Bayonne, a town of about 70,000 folks this is sandwiched between Newark, Staten Island and Brooklyn, was once underserved by means of group banks, in line with the corporate.

Coughlin, who won $1.6 million in overall repayment remaining yr, will proceed to serve on BCB’s board of administrators.

“It’s an honor to have served BCB for just about 23 years,” Coughlin stated within the press free up. “During my profession, I’ve been lucky to paintings with an impressive staff of banking pros, and I’m extraordinarily happy with what we’ve completed in combination.”

BCB, which reported $3.8 billion of belongings on the finish of the 3rd quarter, operates 28 branches in New Jersey and New York. The financial institution received in-state rival Allegiance Neighborhood Financial institution in 2011 and Edison, New Jersey-based IA Bancorp in 2018.

Shriner entered banking in 1987, and he served in more than a few management positions at Millington Financial institution prior to shifting into the highest process in 2012. Right through his tenure as CEO, Millington Financial institution transformed from a thrift conserving corporate to a completely public establishment via a 2d step conversion.