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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.

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
9/30/20249/30/2023YesYes-Yes-

Industries
SIC Code Description
6035 Savings institutions, federally chartered
6712 Offices of bank holding companies

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: 6,490,168 (As of 8/1/2024)
Shareholders: 591
Stock Exchange: NASD
Federal Tax Id: 204154978
Fax Number: (302) 636-5454
Email Address: customerservice@magbank.com


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Wednesday, November 20, 2024