Magyar Bank

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Magyar Bank
Public
Traded asNASDAQMGYR
IndustryFinance
Founded1922
Headquarters,
Key people
John Fitzgerald (President-CEO)
ProductsFinancial services
ParentMagyar Bancorp
Websitehttps://www.magbank.com

Magyar Bank is a bank based in New Brunswick, New Jersey with branches in Central Jersey.[1][2]

The bank was founded in 1922 as the Magyar Building and Loan Association by a group of Hungarian immigrants and businessmen in New Brunswick, many of whom had settled in the city's Fifth Ward. ("Magyar" is Hungarian for an individual from Hungary). In 1954, its charter was amended and the name changed to Magyar Savings & Loan Association. In 1989 it became Magyar Savings Bank, SLA[3] and in 2005 Magyar Bank.[4]

In January 2006 Magyar Bancorp, parent company of Magyar Bank, began trading on the NASDAQ stock market under the symbol MGYR. The MagyarBank Charitable Foundation, 501(c) organization, was established in June 2006.[3]

See also[edit]

References[edit]

  1. ^ "New Brunswick-based Magyar Bank continues to thrive". MY CENTRAL JERSEY. 5 March 2015. Retrieved 1 November 2015.
  2. ^ Magyar Bancorp The New York Times accessed 2 November 2015
  3. ^ a b "New Jersey Community Bank - Magyar Bank (New Brunswick, NJ)". magbank.com. Retrieved 1 November 2015.
  4. ^ "Bank List". nj.gov. Retrieved 1 November 2015.