Bcb Bancorp, Inc. (nj) · NASDAQ:BCBP
Bcb Bancorp, Inc. (nj) — BCB Bancorp — Investor Presentation (2021)
12 slides from Bcb Bancorp, Inc. (nj)'s investor presentation, 2021
Slide 1: Pay It Forward Program
Face Bank “PAY IT FORWARD” PROGRAM =
Slide 2: Pay It Forward: Born from the Community
PAY IT FORWARD Born from the Community. Committed to the Communities we serve. ◊ 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. 2
Slide 3: 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 ◊ Veterans Groups ◊ And similar community service organizations 3
Slide 4: 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 5: 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/sup
Slide 6: Overview: Supporter Enrollment and Eligible Accounts
PAY IT FORWARD PROGRAM OVERVIEW ◊ Supporters will be required to complete an enrollment form and identify your non- profit as the organization of choice – it’s that simple. ◊ They must also identify which of their accounts they want linked to support your non-profit organization. ◊ Supporter eligibl
Slide 7: Overview: Donation Calculation
PAY IT FORWARD PROGRAM OVERVIEW ◊ Based on annualized 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 cumulative
Slide 8: Overview: Donations and Privacy
PAY IT FORWARD PROGRAM OVERVIEW ◊ No donations are withdrawn from the customer’s account.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 9: 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 supporters who have accounts with BCB. ◊ To increase monthly contributions, it would benefit your organization to promote the “PAY IT F
Slide 10: 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
Slide 11: Pay It Forward Employee Incentive
fice Bank PAY IT FORWARD EMPLOYEE INCENTIVE
Slide 12: Community Banking… Benefits Everyone
PAY IT FORWARD COMMUNITY BANKING… BENEFITS EVERYONE 12