Magyar Bancorp, Inc. [MGYR]

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Company Overview

Magyar Bancorp, Inc. business consistsof attracting retail deposits from the general public in the areas surrounding our main office in New Brunswick, New Jersey and our branchoffices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operationsand wholesale funding, in commercial real estate loans, residential mortgage loans, commercial business loans, Small Business Administration(“SBA”) loans, home equity loans, home equity lines of credit, construction and land loans and investment securities.