Magyar Bancorp, Inc. is a bank holding company of Magyar Bank (the Bank). It acts as an independent, community, financial services provider, and offers traditional banking and related financial services to individual, business and government customers. Its principal business consists of attracting retail deposits from the public. The Bank invests its deposits, together with funds generated from operations and wholesale funding, in commercial real estate loans, residential mortgage loans, commercial business loans, small business administration loans, home equity loans, home equity lines of credit, construction and land loans and investment securities. It offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits, the making of commercial, consumer and home equity loans, and the provision of other financial services. Additionally, its source of funds includes principal and interest payments from loans and securities.
Ticker SymbolMGYR
Company nameMagyar Bancorp Inc
IPO dateJan 24, 2006
CEOFitzgerald (John S)
Number of employees- -
Security typeOrdinary Share
Fiscal year-endJan 24
Address400 SOMERSET STREET
CityNEW BRUNSWICK
Stock exchangeNASDAQ OMX - NASDAQ BASIC
CountryUnited States of America
Postal code08901
Phone17323427600
Website
Ticker SymbolMGYR
IPO dateJan 24, 2006
CEOFitzgerald (John S)