Effective Jan. 1, Michael Shriner was named CEO and president of Bayonne-based BCB Bancorp and BCB Community Bank. Shriner replaces retiring CEO and President Thomas Coughlin, who will continue to serve on the company’s board of directors.
Shriner, a 35-year veteran of banking, was formerly CEO and president of Millington-based MSB Financial Corp. and Millington Bank, prior to its being acquired by Kearny Bank. Under his leadership, he converted Millington Bank from a mutual holding company structure to a fully public institution through a Second Step Conversion.
Shriner joined Millington Bank in 1987 and held various commercial and corporate banking positions, including that of chief operating officer and board member, prior to his promotion to CEO and president in 2012. Most recently, he held the role of market president for Kearny Bank, where he transitioned legacy Millington Bank customers to Kearny Bank following the merger acquisition.
“Michael Shriner’s success in leading a growing franchise will most certainly be an asset to our management team as BCB continues to expand,” Mark Hogan, chairman of the board, said. “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. The board and management are excited about the expertise, energy and professionalism that Michael brings to our organization.”
“BCB is committed to providing superior banking services to businesses and individuals in the community. I am excited to join and lead a team of professionals that delivers that commitment,” Shriner said. “I am confident we are building a great team that is capable of growing our business banking model and maximizing shareholder returns as we capitalize on opportunities taking place within the banking industry.”
Coughlin has been with the bank since its inception, most recently serving as CEO and president of BCB Community Bank and BCB Bancorp since 2014. Believing that Bayonne was underserved by community banks, Coughlin, along with the support of local investors, founded Bayonne Community Bank in 2000.