MGYR: Profile for Magyar Bancorp, Inc.

Magyar Bancorp, Inc. operates as the bank holding company for Magyar Bank, which provides various banking products and services to families and businesses in New Jersey. The company offers various deposit accounts, including demand accounts, NOW accounts, money market accounts, savings accounts, retirement accounts, and certificates of deposit. Its loan portfolio comprises mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, and construction loans, as well as consumer loans, which primarily consist of secured demand loans. The company also provides non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers. As of November 12, 2008, it operated five branches, including two in New Brunswick, and one each in North Brunswick, South Brunswick, and Branchburg. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey with additional offices in North Brunswick, South Brunswick, and Branchburg. Magyar Bancorp, Inc. is as a subsidiary of Magyar Bancorp, MHC.

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CORPORATE GOVERNANCE

Magyar Bancorp, Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 95.8% of CGQ Universe companies and 89% of Banks companies.

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KEY EXECUTIVES

	Pay	Exercised
Ms. Elizabeth E. Hance , 54 Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Chief Exec. Officer of Magyar Bank, Pres of Magyar Bank of Magyar Bank	$ 295.00K	N/A
Mr. Jon R. Ansari , 35 Chief Financial Officer, Principal Accounting Officer, Sr. VP, Chief Financial Officer Of Magyar Bank and Sr. VP of Magyar Bank	$ 186.00K	N/A
Mr. Edward C. Stokes III, 61 Director, Gen. Counsel of Magyar Bank of Magyar Bank	$ 40.00K	N/A
Mr. John S. Fitzgerald , 45 Chief Operating Officer, Exec. VP, Chief Operating Officer of Magyar Bank , Chief Lending Officer of Magyar Bank and Exec. VP of Magyar Bank	$ 181.00K	N/A
Ms. Karen LeBlon , Corp. Sec.	N/A	N/A

Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.

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