Magyar Bancorp, Inc. (MGYR)

11.15 -0.24 (-2.11%) At close: 04:00PM EDT

Magyar Bancorp, Inc.

400 Somerset Street
New Brunswick, NJ 08901
United States
732 342 7600
https://www.magbank.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 89

Key executives

Name	Title	Pay	Exercised	Year born
Mr. John S. Fitzgerald	President, CEO & Director	1.17M	N/A	1964
Mr. Jon R. Ansari M.B.A.	Executive VP, CFO & Director	746.37k	N/A	1974
Mr. Peter McIntyre Brown	Senior VP & Chief Lending Officer	325.51k	N/A	1965
Mr. John Reissner	Corporate Secretary, First VP & Investor Relations Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

Corporate governance

Magyar Bancorp, Inc.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.