Pamrapo Bancorp, Inc. (NASDAQ: PBCI) has announced the results from a special meeting of shareholders which was held on February 11, 2010. The company’s shareholders voted to approve the merger with BCB Bancorp, Inc. (NASDAQ: BCBP). The final report of the election showed that 77.3% of the shares voted upon were cast in favor of the merger.
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Pamrapo Bancorp, Inc. is a savings and loan holding company that operates principally through its subsidiary, Pamrapo Savings Bank, S.L.A. (the Bank). As of December 31, 2008, the Bank had total assets of $598.0 million, deposits of $447 million, and stockholders’ equity of $51.5 million before elimination of intercompany accounts with the Company.
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