Magyar Bancorp, Inc. (MGYR) NASDAQ

16.90

+0(+0.00%)

Updated at October 20 04:00PM

Currency In USD

Magyar Bancorp, Inc.

Address

400 Somerset Street

New Brunswick, NJ 08901

United States of America

Phone

732 342 7600

Sector

Financial Services

Industry

Banks - Regional

Employees

91

First IPO Date

January 24, 2006

Key Executives

NameTitlePayYear Born
Mr. John S. FitzgeraldPresident, Chief Executive Officer & Director1.19M1964
Mr. Peter McIntyre BrownSenior Vice President & Chief Lending Officer341,3701965
Mr. Jon R. Ansari M.B.A.Executive Vice President, Chief Financial Officer & Director765,6781974
Mr. John ReissnerCorporate Secretary, First Vice President & Investor Relations Officer0N/A

Description

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.