SymbolMGYR
NameMAGYAR BANCORP, INC.
SectorFINANCE
RegionNorth America
IndustrySavings Institutions
Address400 SOMERSET STREET, NEW BRUNSWICK, New Jersey, 08901, United States
Telephone+1 732 - 342-7600
Fax
Email
Websitehttps://www.magbank.com
IncorporationUNDEFINED
Incorporated On
Employees
Fiscal Year
Public Since
ExchangesNASDAQ
Auditor
Audit StatusNOT PROVIDED
Reporting Status
CIK0001337068
Description

Magyar Bancorp Inc is a mid-tier stock holding company. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those 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 loans, construction loans, and investment securities. The company also originates consumer loans, which consist mainly of secured demand loans.

Additional info from NASDAQ:
Magyar Bancorp Inc is a mid-tier stock holding company. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those 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 loans, construction loans, and investment securities. The company also originates consumer loans, which consist mainly of secured demand loans.

2026-04-23 20:01

(30% Negative) MAGYAR BANCORP, INC. (MGYR) Reports Q2 2026 Financial Results

Read more