Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

Download

Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Who We Are

Magyar Bank was founded in 1922 by a group of Hungarian immigrants and businessmen looking for a bank to help them achieve the American Dream. The name "Magyar" is the Hungarian word to describe an individual from Hungary.  Over the years, the bank has moved beyond serving this original group, but Magyar has remained an active leader in the community and through corporate donations and employees volunteering their time, Magyar Bank supports over 75 organizations annually.

Here is a brief outline of Magyar Bank’s history.

Magyar Timeline:

  • 1922 - Founded as Magyar Building and Loan Association of New Brunswick, New Jersey
  • 1954 - Charter converted and name changed to Magyar Savings & Loan Association
  • 1989 - Name changed to Magyar Savings Bank, SLA
  • 1993 - Charter converted and name changed to Magyar Savings Bank
  • 2005 - Name changed to Magyar Bank
  • January 24, 2006 - Magyar Bancorp, parent company of Magyar Bank, began trading on the NASDAQ Stock Market under the symbol MGYR.
  • June 5, 2006-Establishment of the MagyarBank Charitable Foundation, a 501(c)3 NonProfit Foundation)
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