Bcb Bancorp, Inc. (nj) · NASDAQ:BCBP
Bcb Bancorp, Inc. (nj) — BCB Bancorp — Investor Presentation (April 2020)
13 slides from Bcb Bancorp, Inc. (nj)'s investor presentation, April 2020
Slide 1: "Pay It Forward" Program
° BCB Bank “PAY IT FORWARD” PROGRAM
Slide 2: Pay It Forward - BCB Bank
PAY IT FORWARD BCB BANK Born from the Community. Committed to the Communities we serve. 2
Slide 3: Pay It Forward
PAY IT FORWARD ◊ Your non-profit organization plays an important role in the community. ◊ To help your organization continue its good work, the BCB “PAY IT FORWARD” program was created. 3
Slide 4: Who Is Eligible to Participate?
PAY IT FORWARD WHO IS ELIGIBLE TO PARTICIPATE? Any 501©(3) non-profit organization such as: ◊ Pee Wee Football and Little League Baseball Teams ◊ Food Banks ◊ Senior Service Programs ◊ Homeless Shelters ◊ Veterans Groups And similar community service organizations 4
Slide 5: Overview
PAY IT FORWARD PROGRAM OVERVIEW ◊ “PAY IT FORWARD” gives non-profits the opportunity to earn donations based on the number of supporters who sign up for the program. ◊ When your organization meets the requirements of the “PAY IT FORWARD” program, BCB will make a monthly contribution to your organiza
Slide 6: How Does It Work?
PAY IT FORWARD HOW DOES IT WORK? ◊ You must enroll in the “PAY IT FORWARD” Program and either have or open a checking account with BCB. ◊ Your organization will be designated with a unique identifying number. ◊ Once the account is established, your organization needs a minimum of twenty members/supp
Slide 7: Overview
PAY IT FORWARD PROGRAM OVERVIEW ◊ Members and/or supporters will be required to complete an enrollment form and identify your non-profit as their organization of choice – it’s that simple. ◊ They must also identify which of their accounts they want linked to support your non-profit organization. ◊ S
Slide 8: Overview: Donation Calculation
PAY IT FORWARD PROGRAM OVERVIEW ◊ Based on cumulative monthly average balance of supporter accounts for a given participating non-profit, BCB will make a monthly contribution to your organization. DONATION CALCULATION ◊ Tier 1 non-profits (20-50 members/supporters) - BCB will contribute 0.20% of cum
Slide 9: Overview
PAY IT FORWARD PROGRAM OVERVIEW ◊ NO DONATIONS ARE WITHDRAWN FROM THE CUSTOMER’S ACCOUNT. ◊ ALL PERSONAL AND FINANCIAL INFORMATION IS KEPT CONFIDENTIAL. ◊ ALL DONATIONS COME DIRECTLY FROM BCB. ◊ PARTICIPATING NON-PROFIT WILL NOT KNOW WHO HAS REGISTERED UNLESS THE SUPPORTER DECIDES TO SHARE THIS INFO
Slide 10: Requirements
PAY IT FORWARD PROGRAM REQUIREMENTS ◊ Your organization must be a registered 501©(3). ◊ It must maintain a checking account with BCB. ◊ It must have a minimum of 20 members/supporters who have accounts with BCB. ◊ To increase monthly contributions, it would benefit your organization to promote the “
Slide 11: Special Incentive for 501(c)(3) Employees
PAY IT FORWARD Special Incentive for 501©(3) Employees ◊ The Pay It Forward (PIF) Checking Account is available to any employee of a registered 501©(3) participating non-profit who opens a BCB checking account with a payroll direct deposit and supporting documentation (two current pay stubs). ◊ The
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Slide 13: Community Banking... Benefits Everyone
PAY IT FORWARD COMMUNITY BANKING… BENEFITS EVERYONE 13