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Magyar Bancorp Inc
400 Somerset St
Phone: (732) 249-2438p:732 249-2438 NEW BRUNSWICK, NJ  08901-3265  United States Ticker: MGYRMGYR

Business Summary
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. It offers 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. The Bank invests its deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, small business administration (SBA) loans, construction loans and investment securities. It originates consumer loans, which consist primarily of secured demand loans. Its primary sources of funds are deposits, borrowings and principal and interest payments on loans and securities.
(Source: 10-K)

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
Yes--Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/20239/30/2023YesYes-Yes-

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Chairman of the Board ThomasLankey 62 1/1/2017
President, Chief Executive Officer, Director John S.Fitzgerald 58 5/27/2010 5/27/2010
Independent Vice Chairman of the Board Andrew G.Hodulik 66 1/1/2017 1/1/2005
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
MAGYAR BANK 400 SOMERSET STREET NEW BRUNSWICK NJ US

Business Names
Business Name
Magyar Bancorp, Inc.
MGYR

General Information
Number of Employees: 89 (As of 9/30/2023)
Outstanding Shares: 6,653,933 (As of 2/1/2024)
Shareholders: 591
Stock Exchange: NASD
Federal Tax Id: 204154978
Fax Number: (302) 636-5454
Email Address: customerservice@magbank.com


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Monday, March 18, 2024