Magyar Bancorp Inc
NASDAQ:MGYR
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Magyar Bancorp Inc
Magyar Bancorp, Inc. is a bank holding company. The company is headquartered in New Brunswick, New Jersey and currently employs 94 full-time employees. The company went IPO on 2006-01-24. The Company’s principal business consists of attracting retail deposits from the general public in the areas surrounding its main office and branch offices, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, small business administration (SBA) loans, construction loans and investment securities. The company also originates consumer loans, which consist primarily of secured demand loans. The company originates loans primarily for its loan portfolio. The firm from time to time sells some of its long-term, fixed-rate residential mortgage loans into the secondary market.
Magyar Bancorp, Inc. is a bank holding company. The company is headquartered in New Brunswick, New Jersey and currently employs 94 full-time employees. The company went IPO on 2006-01-24. The Company’s principal business consists of attracting retail deposits from the general public in the areas surrounding its main office and branch offices, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, small business administration (SBA) loans, construction loans and investment securities. The company also originates consumer loans, which consist primarily of secured demand loans. The company originates loans primarily for its loan portfolio. The firm from time to time sells some of its long-term, fixed-rate residential mortgage loans into the secondary market.