Magyar Bancorp Inc

MGYR

Company Profile

  • Business description

    Magyar Bancorp Inc is an independent, community financial services provider offering traditional banking services to individual, business, and government customers. The Company attracts retail deposits through its main office in New Brunswick, New Jersey, and branch offices in Middlesex and Somerset Counties, and invests those funds mainly in commercial and residential real estate loans, commercial business loans, SBA loans, home equity loans and lines of credit, construction and land loans, and investment securities. Revenues are derived mainly from interest on loans and securities and from fees and service charges, with lending relationships focused on small to mid-sized businesses and individual consumers in central and northern New Jersey.

  • Contact

    400 Somerset Street
    New BrunswickNJ08901
    USA

    T: +1 732 342-7600

    https://www.magbank.com

  • Sector

    Financial Services

    Stock type

    Cyclical

  • Industry

    Banks - Regional

    Fiscal Year End

    30 September 2026

    Employees

    98

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