MGYR
- Magyar Bancorp, Inc.
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Overview
Company Summary
Magyar Bancorp, Inc., commonly known as Magyar Bank, is a financial holding company based in New Brunswick, New Jersey. The company operates through its subsidiary, Magyar Bank, which is a full-service community bank established in 1922. Magyar Bank provides a range of financial services to individuals, businesses, and organizations in Central New Jersey.
As a community bank, Magyar Bank offers various banking products and services. These include personal banking services such as checking and savings accounts, certificates of deposit, individual retirement accounts (IRAs), and consumer loans like mortgages, home equity lines of credit, auto loans, and personal loans. Additionally, they provide online and mobile banking options to enhance customer convenience.
For businesses and organizations, Magyar Bank offers commercial banking solutions, including business checking and savings accounts, business loans and lines of credit, commercial real estate loans, and equipment financing. Their commercial banking services are designed to cater to the financing needs of small to medium-sized businesses.
What sets Magyar Bank apart is its commitment to being a trusted community partner. The bank actively involves itself in the local community, supporting various nonprofit organizations and initiatives that promote economic development, education, and social services.
Overall, Magyar Bancorp, Inc., through its subsidiary Magyar Bank, operates as a local community bank providing a comprehensive range of financial products and services to individuals and businesses in Central New Jersey while actively contributing to the well-being of the communities it serves.