Magyar Bancorp Inc. (MGYR)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
MGYR Chart
Magyar Bancorp Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Christopher C. Powers Farther Finance Advisors, LLC | 6 | $100 | $103.2 | $3.2 | 3.2% |
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Magyar Bancorp Inc. Profile
| Banks Industry | Financials Sector | John S. Fitzgerald CEO | NASDAQ (NMS) Exchange | 55977T208 CUSIP |
| US Country | 91 Employees | 7 May 2026 Last Dividend | 15 Jul 2021 Last Split | 24 Jan 2006 IPO Date |
Overview
Magyar Bancorp, Inc., founded in 1922, functions as the parent holding company for Magyar Bank, which delivers a broad range of consumer and commercial banking solutions to individual, business, and nonprofit clients primarily in New Jersey, United States. Through its operation, the company embraces a community-focused approach, servicing customers through its branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. With a commitment to providing tailored banking experiences, Magyar Bancorp, Inc. prides itself on contributing to the financial well-being of the communities it serves.
Products and Services
Magyar Bancorp, Inc. offers a comprehensive suite of financial products and services designed to meet the needs of its diverse customer base. These offerings range from traditional banking solutions to more complex financial planning and investment services.
- Deposit Accounts: The company caters to a variety of banking needs by accepting different types of deposit accounts, such as demand accounts, savings accounts, NOW accounts, money market accounts, and retirement accounts, along with certificates of deposit. These options provide flexibility and convenience for managing personal and business finances.
- Loan Services: Magyar Bank offers a wide range of loan products to support the financial goals of its customers, including residential mortgage loans for homeowners, multi-family and commercial real estate mortgage loans for real estate investors, home equity loans and lines of credit for leveraging home equity, commercial business loans for business expansion, construction loans for building projects, and small business administration loans to support small business growth.
- Financial Planning and Non-Deposit Investment Products: Beyond traditional banking products, Magyar Bancorp, Inc. extends its services to include financial planning for individual and commercial clients. This includes offering insurance products, fixed and variable annuities, and retirement planning services. The company also engages in buying, selling, and holding investment securities, catering to clients looking to diversify their investment portfolios.
