The New Jersey CannaBusiness Association (NJCBA) announced Dec. 17, 2019, that BCB Bank President and Chief Executive Officer (CEO) Thomas Coughlin has joined its Board of Directors. Coughlin becomes the first member of the New Jersey banking industry to sit on NJCBA’s Board, further expanding its business acumen.
“We welcome Thomas to NJCBA and look forward to the thought-leadership and expertise he will bring to our organization,” said NJCBA President Scott Rudder.
“I look forward to sitting on the NJCBA Board and contributing the perspective I can bring as a veteran of the state’s banking sector,” Coughlin said. “Banking is a highly regulated industry, as is the cannabis sector. Therefore, I believe my experience and knowledge can prove beneficial as NJCBA continues to grow and support its members.”
Coughlin has been in the banking industry for over 38 years. He formerly served as Vice President of Chatham Savings Bank and before that as Controller and Corporate Secretary of First Savings Bank of New Jersey. Believing that Bayonne was underserved by community banks, Coughlin, along with the support of local investors, founded Bayonne Community Bank, now BCB Bank, in 2000. He currently serves as the President of the Bayonne Chamber of Commerce, Executive Board Member of the Hudson County Chamber of Commerce, an active member of Friends of Special Children and a Lifetime Rotarian.