Magyar Bancorp, Inc. (MGYR)

Profile

https://www.magbank.com

Magyar Bancorp, Inc. is a bank holding company that serves as the parent of Magyar Bank, a community-focused financial institution based in New Brunswick, New Jersey. Magyar Bancorp provides a broad range of consumer and commercial banking services, including deposit accounts, residential mortgage lending, commercial real estate financing, small business loans, home equity products, and other related financial services. Its operations are centered on serving individuals, businesses, nonprofits, and local communities across central New Jersey. The company’s role in the financial market is grounded in traditional banking activities such as gathering deposits and extending credit, with an emphasis on relationship-based service and local lending. Magyar Bancorp remains a regional banking franchise with a business model built around retail banking, commercial banking, and community-oriented financial services.