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Magyar Bancorp, Inc. is a Delaware holding company that owns Magyar Bank, a community savings bank in New Jersey. The bank offers retail deposit products and originates loans primarily in residential, commercial real estate, small business, and consumer segments. It serves individuals and small to medium-sized businesses, focusing on local markets with competitive interest rates, regulated by federal and state authorities, emphasizing asset quality, risk management, and community development.
This description was generated via AI from an annual report. Updated about 1 year ago.