According to Wallstreetcn, BCB Bancorp said it plans to issue more shares and divest a batch of bad loans tied to cannabis and real estate after warning of a "huge" third-quarter loss, sending its stock sharply lower. The Bayonne, New Jersey-based bank said it is seeking to sell cannabis-related loans and deposits, as well as loans tied to commercial and multifamily residential real estate. BCB said it has launched a stock offering, with proceeds to be used to maintain liquidity and support bank capital. The bank warned investors that third-quarter net loss is expected to reach $126.2 million to $136.1 million. Its shares at one point plunged 23% in after-hours trading before narrowing losses. As of the end of June, the company had total assets of $3.1 billion, with less than $200 million in cash and cash equivalents.