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Magyar Bancorp, Inc. (MGYR)


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Magyar Bancorp, Inc.

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

SectorFinancial
IndustryRegional - Northeast Banks
Full Time Employees92

Key Executives

NameTitlePayExercisedAge
Mr. John S. FitzgeraldCEO, Pres, Director, CEO of Magyar Bank and Pres of Magyar Bank525.52kN/A53
Mr. Jon R. AnsariCFO, EVP, Director, CFO of Magyar Bank, EVP of Magyar Bank and Director of Magyar Bank395.71kN/A43
Mr. Brian StanleyChief Lending Officer, SVP, Chief Lending Officer of Magyar Bank and SVP of Magyar Bank221.6kN/A64
Mr. Edward C. Stokes IIIDirector, Gen. Counsel of Magyar Bank and Director of Magyar Bank32.05kN/A69
Mr. John ReissnerVP, Marketing Director and Investor Relations OfficerN/AN/AN/A
Amounts are as of December 31, 2016 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. Currency in USD.

Description

Magyar Bancorp, Inc. operates as the bank holding company for Magyar Bank that provides various banking products and services for families and businesses in Central New Jersey. Its product portfolio includes various deposit products, such as demand, NOW, money market, savings, and retirement accounts, as well as certificates of deposit; and loan products comprising one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, small business administration loans, and construction loans, as well as consumer loans, which primarily include 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; and investment securities. As of November 02, 2016, it operated six branch locations in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison. The company was founded in 1922 and is headquartered in New Brunswick, New Jersey. Magyar Bancorp, Inc. is a subsidiary of Magyar Bancorp, MHC.

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 a 10 indicates higher governance risk.