BCB Bancorp Inc., the holding company for BCB Community Bank, rang in 2024 with a new president and CEO. 

The Bayonne-based financial institution announced Dec. 28 that Michael Shriner will take the reins of the organization, effective Jan. 1. Shriner succeeds Thomas Coughlin, who retired from the top post but will continue to serve as a director. 

A 35-year banking industry veteran, Shriner served as president and CEO of Millington-based MSB Financial Corp. and Millington Bank before that group was acquired by Kearny Bank in 2020. Shriner joined MSB in 1987 and was promoted to the top position in 2012. During his tenure, Shriner oversaw Millington Bank’s conversion from a mutual holding company structure to a fully public institution, according to BCB. After MSB was acquired, Shriner moved into the market president role for Kearny. 

“Michael Shriner’s success in leading a growing franchise will most certainly be an asset to our management team as BCB continues to expand,” CBC Chairman Mark Hogan said in a statement. “His knowledge of banking, finance, credit administration and risk management is exceptional. Michael has an established record of building a high-performance banking culture and results-driven profitability management.” 

Hogan also thanked Coughlin – who helped establish Bayonne Community Bank, now BCB Community Bank, in 2000 – for his decades of “leadership and dedication.”  

Saying it has been an honor to serve BCB for nearly 23 years, Coughlin added, “Throughout my career, I have been fortunate to work with an outstanding group of banking professionals, and I am extremely proud of what we have accomplished together. BCB Bank has always maintained a strong commitment to serve our customers, communities, shareholders and employees.” 

Shriner, who said he’s excited to lead his new team, earned an associate’s degree in business administration from the University of New Hampshire and is a graduate of The National School of Banking, Fairfield University. 

As of its most recent quarterly report, filed Nov. 2, 2023, BCB had $3.812 billion in consolidated assets, $2.82 billion in deposits and $303.6 million in consolidated stockholders’ equity. BCB maintains 24 Garden State branches in Bayonne, Edison, Jersey City, Hoboken, Fairfield, Holmdel, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union and Woodbridge; four branches in New York state; and executive and administrative offices in Bayonne.