Press Releases

MagyarBank Charitable Foundation Grants $36,200 to 11 Non-Profit Organizations

New Brunswick, NJ— April 19, 2024 — The MagyarBank Charitable Foundation recently awarded $41,700 in grants to eleven non-profit organizations serving the Central New Jersey region. Awarded funds will be used to support and improve the lives of local residents. The Foundation provides grants to programs supporting education, affordable housing, youth programs and health and human services.

The following organizations received an award from the MagyarBank Charitable Foundation:

Center for Great Expectations - Somerset, NJ- $2,500.00 to help support the Pregnant & Parenting Residential Programs Early Relational Health Counseling Program.
Central Jersey Housing Resource Center - Somerville, NJ- $5,000.00 to support programs including pre-purchase, financial literacy, and foreclosure counseling.
Elijah's Promise- New Brunswick, NJ- $2,500.00 to support
First Tee Raritan Valley- Kenilworth, NJ- $3,000.00 to support ACE program; a capstone program built for teens.
Hark - Girls on the Run- Hillsborough, NJ- $1,000.00 to support theit 8 week GOTR program for girls in 3-8 grade.
JCC Middlesex County- Edison, NJ- $7,200.00 to support
Middlesex College Foundation- Edison, NJ- $1,500.00 to aid students with financial aid, scholarships and educational resources.
Meals on Wheels Greater New Brunswick- New Brunswick, NJ- $2,500.00 to support initiatives aimed at tackling food insecurity and promoting social and health well-being.
New Brunswick Education Foundation - New Brunswick, NJ- $5,000.00 to support their Innovative Teacher Grants for Excellence Program. 
New Brunswick Health Sciences Technology High School- New Brunswick, NJ- $5,000.00 to support their scholarship awards program.
Raritan Valley YMCA- East Brunswick, NJ- $2,000.00 to support 50 kids to learn how to swim and understand the importance of water safety.

Magyar Bank Announces New Hire

New Brunswick, NJ – November 29, 2023 - Magyar Bank has announced that David Heinmets, of Ocean Township, recently joined the Bank as Vice President, Commercial Loan Officer. Mr. Heinmets will be based in the Bank’s Headquarters building in New Brunswick and has over 30 years of banking experience. Most recently, Mr. Heinmets was Commercial Lender with ConnectOne Bank and is a graduate of King’s College. 

David Heinmets 23

Magyar Bank Distributes $50,000 in Grants from Federal Home Loan Bank of New York (FHLBNY)

New Brunswick, NJ—November 16, 2023 – Magyar Bank announced today that it has distributed $50,000 in grant funding provided by the Federal Home Loan Bank of New York Small Business Recovery Grant Program. The program allowed the Bank to support the financial security of local businesses and non-profit organizations throughout central New Jersey that have faced economic challenges as a result of supply chain constraints, inflation concerns, rising energy costs and the rapid rise in interest rates. Twenty organizations received funding from this program.

“Magyar Bank is pleased to provide this assistance to so many organizations in our area,” stated John Fitzgerald, President and Chief Executive Officer. “Businesses and non-profits are faced with higher costs on everything they need to run their operations, and through this additional funding from the FHLBNY, we are pleased to provide critical support and relief to small businesses and nonprofits that are a significant part of our region’s economy. The Small Business Recovery Grant Program provided an additional $5 million in funding to Federal Home Loan Bank of New York members’ who in turn provide grants to small businesses and non-profit organizations.

About Magyar Bank

Magyar Bank, headquartered in New Brunswick, New Jersey, is the principal subsidiary of Magyar Bancorp (NASDAQ: MGYR), and is a $907 million asset community bank. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services, and today Magyar operates branch locations in Branchburg, Bridgewater, Edison, New Brunswick, North Brunswick and South Brunswick. Visit Magyar online at www.magbank.com Contact: John Reissner, 732.342.7600 ext. 130

 

FHLBNY Grant

Magyar Bank’s Ryan Read Recognized by New Jersey Bankers as Rising Star in Banking

New Brunswick, NJ—November 3, 2023—Magyar Bank is proud to announce that Ryan Read, senior BSA analyst, is a recipient of the 2023 New Jersey Bankers Association’s Rising Star Award. Mr. Read received this honor in recognition of his contributions to the Banking industry, community involvement and impact on the financial institution they work for. Mr. Read was one of twenty two bankers recognized by the New Jersey Bankers Association at their Rising Star Gala held recently at the Stirling House in Warren, NJ.
Mr. Read has been with Magyar Bank since 2022 when he joined the Bank in his current role.

“Since joining Magyar Bank, Ryan has embraced Magyar’s approach to community banking,” stated John Fitzgerald, president and chief executive officer of Magyar Bank. “His strong work ethic, eagerness to learn, and willingness to get involved in the community makes him a tremendous asset to the Bank.”
Magyar Bank Distributes $50,000 in Grants from Federal Home Loan
Bank of New York (FHLBNY)

About Magyar Bank
Magyar Bank is a subsidiary of Magyar Bancorp (NASDAQ: MGYR), and is a $907 million asset community bank headquartered in New Brunswick, New Jersey. Magyar Bank has been serving families and businesses in Central New Jersey since 1922 with a complete line of financial products and services, and today Magyar operates branch locations in Edison, New Brunswick, North Brunswick, South Brunswick, Bridgewater and Branchburg. Visit Magyar online at www.magbank.com. Media Contact: John Reissner, 732.342.7600

MagyarBank Charitable Foundation Passes $1 Million Mark in Grants Distributed Since Inception

New Brunswick, NJ— October 23, 2023 — The MagyarBank Charitable Foundation eclipsed the $1 million mark after recently awarding $23,100 in grants to nine non-profit organizations serving the Central New Jersey region. Awarded funds will be used to support and improve the lives of local residents. The Foundation provides grants to programs supporting education, affordable housing, youth programs and health and human services.

The following organizations received an award from the MagyarBank Charitable Foundation:

B.P.O.Elks Somerville 1068- Bridgewater, NJ- $1,500.00 to help support the Special Children’s Committee and Camp Moore.
HomeSharing Inc. - Bridgewater, NJ- $2,500.00 to help create affordable housing solutions for the community.
Jewish Family Service Middlesex- North Brunswick, NJ- $2,500.00 to support the Kosher Meals on Wheels and the Congregate Senior Meal Program for homebound senior adults.
Lower Raritan Watershed Partnership- New Brunswick, NJ- $2,500.00 to support the Rowing on the Raritan Boat Building program.
New Jersey Federation of Women’s Clubs- New Brunswick, NJ- $2,500.00 to support for the Girls Career Institute College Experience.
SCORE Princeton- Princeton, NJ- $1,000.00 to support the organizations operating needs.
Triple C Housing- North Brunswick, NJ- $5,000.00 to support the Pop up Pantry for families at Pennrose Truman Square.
YMCA MEWSA- Metuchen, NJ- $2,500.00 to support the Teen Leaders Club at the YMCA.
Town Clock Community Development Corporation- New Brunswick, NJ- $2,500.00 to fund the ongoing case management program

“The MagyarBank Charitable Foundation is dedicated to supporting organizations that provide educational, affordable housing and youth programs as well as health and human services,” stated John Reissner, President of the MagyarBank Charitable Foundation. “In addition to the grants provided by the Foundation which now exceed $1 million since the Foundation’s start, Magyar employees donate hundreds of hours each year, volunteering their time to further support these worthy organizations. We are proud to be a part of this community, and provide support to these organizations so that they may further their initiatives which are aligned with the Foundation’s vision.”

MagyarBank Charitable Foundation Awards $31,781 to Various Central New Jersey Non-Profit Organizations

Foundation PhotoNew Brunswick, NJ—April 7, 2023 — The MagyarBank Charitable Foundation recently awarded $31,781 in grants to eleven non-profit organizations serving the Central New Jersey region. Awarded funds will be used to support and improve the lives of local residents. The Foundation provides grants to programs supporting education, affordable housing, youth programs and health and human services.

The following organizations received an award from the MagyarBank Charitable Foundation:

CASA of Middlesex County – New Brunswick, NJ - $2,500 awarded to fund and support volunteer recruitment efforts to increase the number of children served in their programs.
Central Jersey Housing Resource Center – Somerville, NJ - $5,000 to fund and support their 2023 programs assisting low and moderate income families with the purchase of their first home.
Embrace Kids Foundation – New Brunswick, NJ - $2,500 to help fund and support their RU4kids program that provides tutoring, patient advocacy and other programs for pediatric patients.
Middlesex College Foundation – Edison, NJ - $1,000 to help fund and support scholarships for students
Reconnect Hungary – New Brunswick, NJ - $1,000 to fund the Hungarian birthright program for young adults to understand the meaning of their heritage and importance in New Jersey.
New Brunswick Health Sciences Technology High School – New Brunswick, NJ - $5,000 to help support their scholarship awards program
The Midland School – North Branch, NJ - $2,281.45 to purchase a Square Panda classroom literacy subscription with playsets for their students.
Raritan Valley Habitat for Humanity – Pluckemin, NJ - $2,500 to renovate an affordable home in Franklin, NJ and prepare to break ground for a home to be built for a Veteran in Somerville.
Caritas Program at Holy Family Parish – North Brunswick, NJ - $2,500 for their community food garden which brings healthy food alternatives to low and moderate income families in the community.
Brain Injury Alliance of New Jersey – North Brunswick, NJ - $5,000 to support their annual gala which raises funds for the programs conducted annually helping individuals with brain injury and their caregivers maximize their quality of life.
New Brunswick Education Foundation – New Brunswick, NJ - $2,000 to support Innovative Teacher Grants for Exellence Program that provides grants and technical support to district teachers.

“The MagyarBank Charitable Foundation is dedicated to supporting organizations that provide educational, affordable housing and youth programs as well as health and human services,” stated John Reissner, President of the MagyarBank Charitable Foundation. “We are pleased to present grants to these organizations so that they may further their initiatives which support the Foundation’s vision.”

The MagyarBank Charitable Foundation was established in 2006 by Magyar Bank, a community bank headquartered in New Brunswick, New Jersey. Magyar Bank is the principal subsidiary of Magyar Bancorp (NASDAQ: MGYR). To apply for a grant, applicants are asked to visit www.magbank.com to download an application. Applications with supporting documentation should be sent to MagyarBank Charitable Foundation, c/o Magyar Bank, 400 Somerset St., New Brunswick, NJ 08901. For more information about the MagyarBank Charitable Foundation, call 732-342-7600 or visit www.magbank.com.

Magyar Bancorp Announces Appointment of Three New Directors

New Brunswick, NJDecember 13, 2022—Magyar Bancorp, Inc., parent company of Magyar Bank, is pleased to announce that Susan Eisenhauer, Michael Lombardi, and Maureen Ruane were appointed to the Board of Directors of Magyar Bancorp, and Magyar Bank.

Susan EisenhauerMs, Eisenhauer is currently retired. She served as Managing Director with Deloitte Tax, LLP from 2001 -2017, specializing in international tax and transfer pricing for multi-national enterprises. She worked in the field of corporate international tax for 37 years, both in-house and as an outside advisor. Ms. Eisenhauer also served as Walk Manager for National Alliance on Mental Illness (NAMI) from 2019-2021, responsible for fund raising and project management for the non-profit organization. A resident of Boonton, Ms. Eisenhauer’s financial expertise and business background will bring valuable experience to the Company and the Bank in dealing with financial reporting and regulations. Ms. Eisenhauer graduated with a B.A. from Muhlenberg College, a J.D. from Fordham Law School, where she served as Editor-in-Chief of the Fordham International Law Journal, and an L.L.M. in Taxation from NYU School of Law.

Michael LombardiMr. Lombardi is President and Senior Attorney with Lombardi & Lombardi, P.A. based in Edison, New Jersey. He is also currently a Director with Chef’s International and is a managing member of several real estate holding companies and a residential construction company. Mr. Lombardi previously served on the Boards of Enterprise Bank and SB One Bank. A resident of Edison, Mr. Lombardi’s prior experience with Bank Boards, combined with his knowledge of the local market and business acumen, will enhance the Board’s objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills and other qualities that are beneficial to the Company, and the Bank.

Maureen Ruane

 

Ms. Ruane currently works for New Jersey Community Solutions, LLC, and previously served as Business Administrator for the Township of Edison. A resident of Caldwell, Ms. Ruane’s knowledge of the Bank’s local market, financial acumen and strong connections within central New Jersey will further strengthen the Board’s objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills and other qualities that are beneficial to the Company, and the Bank.

 

Commenting on the new appointments, Magyar Bank Board Chairman Tom Lankey stated, “We are pleased to welcome Susan, Michael and Maureen to the Magyar Board. Each of them are well connected within the communities we serve, and have the professional and business acumen that will further strengthen the Board’s objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills and other qualities that are beneficial to the Company, and the Bank.”

MagyarBank Charitable Foundation Awards $30,000 to Various Central New Jersey Non-Profit Organizations

Triple C Housing GrantNew Brunswick, NJ—November 8, 2022 — The MagyarBank Charitable Foundation recently awarded $30,000.00 in grants to eleven non-profit organizations serving the Central New Jersey region. Awarded funds will be used to support and improve the lives of local residents. The Foundation provides grants to programs supporting education, affordable housing, youth programs and health and human services.

The following organizations received an award from the MagyarBank Charitable Foundation:NJ State Federation of Women's Club

Churches Improving Communities, Hyland Park, NJ – $2,500 awarded to help fund and support New Jersey Interfaith Center for Cancer’s mission of addressing the spiritual, emotional, social and practical needs of under-resourced individuals dealing with cancer in central NJ.

Damon House, Inc., New Brunswick, NJ - $2,500 awarded to help fund the purchase of a commercial dishwasher and cost of training for incoming clients interested in obtaining employment in the food service industry.

Elijah’s Promise, New Brunswick, NJ - $2,500 awarded to help fund and support all the food systems programs particularly the emergency feeding and services programs which has been greatly magnified due to the pandemic.

Greater Somerset County YMCA, Basking Ridge, NJ - $2,500 awarded to help fund their food security program that provides weekend snacks and meals for children whose families struggle with food insecurity.

The Hugs for Brady Foundation, Kendall Park, NJ - $2,500.00 to help fund some of the general operating expenses of their programs that help children with childhood cancer.

Jewish Community Center of Middlesex County, Edison, NJ - $2,500 to help fund and support the expansion of their special needs programs for children and teens with Autism Spectrum Disorder.

Meals on Wheels of Greater New Brunswick, New Brunswick, NJ - $2,500 awarded to help fund and support the expansion of their Adult with Disabilities Meals on Wheels Program for adults with disabilities that have no meal support and are unable to provide meals for themselves.

New Jersey State Federation of Women’s Club (NJSFWC), New Brunswick, NJ - $2,500 awarded to help fund and support NJSFWC’s Girls Career Institute that provides a 4-day mini college experience for high school junior girls.Triple C Housing

Triple C Housing, Inc., North Brunswick, NJ - $5,000 awarded to continue funding a pop-up pantry established in 2021 for families at Pennrose’s Truman Square residential housing development providing residents with access to basic non-perishable foods, toiletries and school supplies.

Who is My Neighbor, Inc. (WIMNI), Highland Park, NJ - $2,500 awarded to help fund and support WIMNI’s “The Cave Afterschool Program.”

Women Aware, New Brunswick, NJ - $2,500 awarded to help fund the expansion of services to meet the needs of those affected by domestic violence in Middlesex County.

“The MagyarBank Charitable Foundation is committed to offering support to those who need it most,” stated John Reissner, President of the MagyarBank Charitable Foundation. “And we look forward to the meaningful and long-term impact these local organizations will create in the communities we serve.”

Magyar Bancorp Announces Record Earnings

Magyar Bancorp LogoNew Brunswick, NJ - November 3, 2022 – Magyar Bancorp (NASDAQ: MGYR) parent company of Magyar Bank, reported today a 29% increase in its net income for the year ended September 30, 2022. The Company reported net income of $7,919,000 for the year ended September 30, 2022 compared with $6,120,000 for the year ended September 30, 2021.

“We are very pleased to report record earnings for the second consecutive year”, stated John Fitzgerald, President and Chief Executive Officer. “The successful deployment of the capital raised in our 2nd step conversion in 2021 produced strong loan growth for the Bank during the year. Combined with our prudent balance sheet management, which resulted in a year over year increase in our net interest margin, earnings growth was driven by core bank earnings and increased our fiscal year return on average assets to 1.00%.”

Mr. Fitzgerald continued, “As we look ahead to our next fiscal year, inflation and its impact on the economy will need to be closely monitored, but we are encouraged to see our loan pipeline remain strong and will continue maintaining strong underwriting standards.”

Middlesex County Board Commissioners Recognize Magyar Bank with Corporate Hunger Hero Award

Commissioner Award PhotoNew Brunswick, NJ – September 8, 2022 – Magyar Bank is pleased to announce they have been named the 2022 Corporate Hunger Hero by REPLENISH and Feeding Middlesex County for the Bank’s volunteerism, food drive efforts and monetary donations over the years.

To acknowledge this special honor, the Board of County Commissioners of Middlesex County presented Magyar Bank with a resolution in recognition of the Bank’s accomplishments and contributions to both REPLENISH and Feeding Middlesex County. Included in the group of attendees were Middlesex County Commissioner, Claribel A. Azcona-Barber, Middlesex County Commissioner, Charles Tomaro, Director of REPLENISH, Jennifer Apostol and Magyar Bank President and Chief Executive Officer, John Fitzgerald among other Middlesex County representatives. Magyar Bank will also be recognized for this achievement at the Feeding Middlesex County Hunger Heroes Awards Cocktail Reception to be held later this month at the Pines Manor in Edison.

Magyar Bank has been hosting food drives for REPLENISH over the last 16 years and donated more than 6,800 pounds of food to the organization as well as donated close to $25,000 to Feeding Middlesex County.

Commenting on the recognition, Magyar Bank President and Chief Executive Officer John Fitzgerald noted, “We are delighted to receive this honor as we celebrate 100 years of serving the local community. Helping our community grow and prosper is woven into the fabric of our bank as we continue to follow in the footsteps of our founding fathers, helping to make a difference in the communities we serve.”

Each year, Magyar supports numerous organizations through corporate donations and employees volunteering their time. In addition, the Magyar Bank Charitable Foundation, established in 2006, has provided over $850,000 in grants to over 100 local organizations, further cementing Magyar’s reputation as a leader in the community.

MagyarBank Charitable Foundation Awards $37,000.00 to Various Central New Jersey Non-Profit Organizations


Foundation Grant PhotoNew Brunswick, NJ—May 4, 2022 — The MagyarBank Charitable Foundation recently awarded $37,000.00 in grants to fourteen non-profit organizations serving the Central New Jersey region. Awarded funds will be used to support and improve the lives of local residents. The Foundation provides grants to programs supporting education, affordable housing, youth programs and health and human services.

The following organizations received an award from the MagyarBank Charitable Foundation:HomeSharing, Inc.
Archangel Raphael’s Mission (ARM), Edison, NJ - $2,500 awarded to support their “Showers for the Homeless Mobile Hygiene Program” and “Coalition for Daily Dinners Initiative” for clients in and around New Brunswick.

Brain Injury Alliance of New Jersey, North Brunswick, NJ - $2,500 awarded to support a one-week socialization and recreational program entitled “Camp T.R.E.K.” (Together in Recreation, Exploration and Knowledge) for up to 35 adults over the age of 18 who have experienced a brain injury.

C.A.S.A of Somerset, Hunterdon and Warren Counties - Lebanon, NJ - $2,500 awarded to support their continued efforts in educational advocacy training.

Center for Educational Advancement (CEA) - Flemington, NJ - $2,500 awarded to fix the current issues with the CEA vehicles used to transport clients with job coaches back and forth to CEA and employment locations in the community.

Central Jersey Housing Resource Center (CJHRC)– Somerville, NJ - $5,000.00 to support CJHRC’s programs and services such as information and referral services, pre-purchase, financial literacy and foreclosure counseling.

Down Syndrome Association of Central New Jersey - Ewing, NJ - $2,500 to help fund the purchase of educational software devices and program supplies that are specifically developed to help individuals with Down Syndrome learn to read and write as well as help fund therapeutic swings and supplies for speech, physical therapy and occupational therapy.

Dress for Success Central Jersey - Lawrenceville, NJ - $1,500 awarded to help fund and support a financial literacy program for the women and families they serve.

HiTOPS, Inc. – Princeton, NJ - $1,000 awarded to help fund training, professional development, coaching and support to 500 youth-facing staff.

HomeSharing, Inc. – Bridgewater, NJ - $2,500 awarded to help fund and support their mission of assisting families in central New Jersey find affordable housing. CJHRC

New Brunswick Education Foundation – New Brunswick, NJ - $2,000 awarded to support the “Innovative Teacher Grants for Excellence Program” that provides grants and technical support to New Brunswick Public School District teachers to develop and implement performance based educational projects and activities.

New Brunswick Health Science Technology High School – New Brunswick, NJ - $5,000 awarded to support their scholarship awards program.

Raritan Valley YMCA – East Brunswick, NJ - $2,500 awarded to help fund a free week-long bereavement camp in July for families that have been impacted in significant ways including financially, mentally, emotionally and physically by COVID-19.

The Center for Great Expectations – Somerset, NJ - $2,500 awarded to support the funding of 50 hours of intensive daily counseling between the women, their children and trained staff that provide individualized trauma informed clinical treatment.

Town Clock, Community Development Corporation (CDC) – New Brunswick, NJ - $2,500 awarded to help fund and support their ongoing Case Management Program that needs to be expanded to meet the needs of additional residents and their children.

“The MagyarBank Charitable Foundation is dedicated to supporting organizations that improve the quality of life of Central Jersey residents,” stated John Reissner, President of the MagyarBank Charitable Foundation. “Local nonprofits make our communities thrive, and we are pleased to contribute our support to them to continue to enrich the lives of residents in the communities we serve.”

Magyar Bank Announces New Hires & Promotions

New Brunswick, NJ – February 15, 2022. Magyar Bank has announced the following new hires and personnel changes:

Paige Burwell, of Middlesex, recently joined Magyar Bank as Vice President, Branch Manager of the Bank’s Edison Office located in the Tano Mall at 1199 Amboy Avenue. Prior to joining Magyar, Ms. Burwell was Vice President, Area Manager at Unity Bank. She has over 7 years of banking experience and is a graduate of the University of Tampa.

Laura Irovando, of North Brunswick, has been promoted to First Vice President, Branch Administrator and will continue to oversee the Bank’s branch network. Ms. Irovando has over 40 years of banking industry experience and has been with Magyar since 2005. She most recently served as Vice President of Branch Administration.

Joseph Figueroa, of New Brunswick, recently joined Magyar Bank as Assistant Vice President, Credit Officer. Mr. Figueroa will be based in the Bank’s Headquarters building in New Brunswick Most recently, he was Assistant Vice President, Loan Review Officer at First Commerce Bank. Mr. Figueroa has over 8 years of experience in various commercial credit positions and holds a Bachelor’s of Science in Management from the Andreas School of Business at Barry University.

Diana Braga, of Kearny, has been promoted to Assistant Vice President, Community Relations and Marketing and will continue to support the Bank’s community relations and marketing efforts. Ms. Braga has been with Magyar since 2021 and is a graduate of Seton Hall University as well as an active member of her community.

Visit any Magyar Bank location, call 1-888-990-BANK or complete our contact form for more information and to open your account.

Comunicados de prensa

 

La fundación benéfica MagyarBank otorga 36.200 dólares a 11 organizaciones sin fines de lucro Organizaciones

New Brunswick, Nueva Jersey — 19 de abril de 2024 — La Fundación Benéfica MagyarBank otorgó recientemente $36,200 en subvenciones a once organizaciones sin fines de lucro que prestan servicios en la región central de Nueva Jersey. Los fondos otorgados se utilizarán para apoyar y mejorar las vidas de los residentes locales. La Fundación proporciona subvenciones a programas que apoyan la educación, viviendas asequibles, programas para jóvenes y servicios humanos y de salud.

Las siguientes organizaciones recibieron un premio de la Fundación Benéfica MagyarBank:

Centro para Grandes Expectativas - Somerset, Nueva Jersey: $2,500.00 para ayudar a respaldar el Programa de Consejería Temprana de Salud Relacional de Programas Residenciales para Embarazadas y Crianzas.
Centro de Recursos de Vivienda de Central Jersey - Somerville, Nueva Jersey: $5,000.00 para apoyar programas que incluyen precompra, educación financiera y asesoramiento sobre ejecuciones hipotecarias.
La Promesa de Elijah- New Brunswick, Nueva Jersey- $2,500.00 para apoyar
First Tee Raritan Valley- Kenilworth, Nueva Jersey- $3000,00 para apoyar el programa ACE; un programa final creado para adolescentes.
Hark - Girls on the Run - Hillsborough, Nueva Jersey - $1,000.00 para apoyar el programa GOTR de 8 semanas para niñas de 3.º a 8.º grado.
JCC Condado de Middlesex- Edison, Nueva Jersey- $7,200.00 para apoyar
Middlesex College Foundation- Edison, Nueva Jersey- $1,500.00 para ayudar a los estudiantes con ayuda financiera, becas y recursos educativos.
Meals on Wheels Greater New Brunswick- New Brunswick, Nueva Jersey- $2,500.00 para apoyar iniciativas destinadas a abordar la inseguridad alimentaria y promover el bienestar social y de salud.
Fundación para la Educación de New Brunswick - New Brunswick, Nueva Jersey: $5,000.00 para apoyar su Programa de Becas para Maestros Innovadores para la Excelencia.
Escuela secundaria de tecnología de ciencias de la salud de New Brunswick - New Brunswick, Nueva Jersey - $5000,00 para apoyar su programa de concesión de becas.
Raritan Valley YMCA- East Brunswick, Nueva Jersey- $2,000.00 para ayudar a 50 niños a aprender a nadar y comprender la importancia de la seguridad en el agua.

Magyar Bank anuncia una nueva contratación


New Brunswick, Nueva Jersey - 29 de noviembre de 2023 - Magyar Bank ha anunciado que David Heinmets, de Ocean Township, se unió recientemente al banco como vicepresidente y director de préstamos comerciales. El Sr. Heinmets trabajará en el edificio de la sede del Banco en New Brunswick y tiene más de 30 años de experiencia bancaria. Más recientemente, el Sr. Heinmets fue prestamista comercial en ConnectOne Bank y se graduó de King's College.

David Heinmets 23

Magyar Bank distribuye 50.000 dólares en subvenciones del Federal Home Loan Bank of New York (FHLBNY)


New Brunswick, Nueva Jersey — 16 de noviembre de 2023 – Magyar Bank anunció hoy que ha distribuido $50 000 en subvenciones proporcionadas por el Programa de subvenciones para la recuperación de pequeñas empresas del Federal Home Loan Bank of New York. El programa permitió al Banco respaldar la seguridad financiera de empresas locales y organizaciones sin fines de lucro en todo el centro de Nueva Jersey que han enfrentado desafíos económicos como resultado de restricciones en la cadena de suministro, preocupaciones sobre la inflación, aumento de los costos de la energía y el rápido aumento de las tasas de interés. Veinte organizaciones recibieron financiación de este programa.

"Magyar Bank se complace en brindar esta asistencia a tantas organizaciones en nuestra área", afirmó John Fitzgerald, presidente y director ejecutivo. “Las empresas y las organizaciones sin fines de lucro enfrentan costos más altos en todo lo que necesitan para ejecutar sus operaciones y, a través de este financiamiento adicional del FHLBNY, nos complace brindar apoyo y alivio críticos a las pequeñas empresas y organizaciones sin fines de lucro que son una parte importante de nuestra la economía de la región. El Programa de Subvenciones para la Recuperación de Pequeñas Empresas proporcionó $5 millones adicionales en fondos a los miembros del Federal Home Loan Bank of New York, quienes a su vez otorgan subvenciones a pequeñas empresas y organizaciones sin fines de lucro.

Acerca del banco Magyar

Magyar Bank, con sede en New Brunswick, Nueva Jersey, es la principal filial de Magyar Bancorp (NASDAQ: MGYR) y es un banco comunitario con activos de 907 millones de dólares. Magyar Bank ha prestado servicios a familias y empresas en el centro de Nueva Jersey desde 1922 con una línea completa de productos y servicios financieros, y hoy Magyar opera sucursales en Branchburg, Bridgewater, Edison, New Brunswick, North Brunswick y South Brunswick. Visite Magyar en línea en www.magbank.com Contacto: John Reissner, 732.342.7600 ext. 130

FHLBNY Grant

Ryan Read, de Magyar Bank, reconocido por banqueros de Nueva Jersey como estrella en ascenso en la banca

 

New Brunswick, Nueva Jersey, 3 de noviembre de 2023: Magyar Bank se enorgullece de anunciar que Ryan Read, analista senior de BSA, recibió el premio Rising Star Award 2023 de la Asociación de Banqueros de Nueva Jersey. El Sr. Read recibió este honor en reconocimiento a sus contribuciones a la industria bancaria, su participación comunitaria y su impacto en la institución financiera para la que trabaja. El Sr. Read fue uno de los veintidós banqueros reconocidos por la Asociación de Banqueros de Nueva Jersey en su Gala Rising Star celebrada recientemente en Stirling House en Warren, Nueva Jersey.

El Sr. Read ha estado en Magyar Bank desde 2022, cuando se incorporó al Banco en su puesto actual.

"Desde que se unió a Magyar Bank, Ryan ha adoptado el enfoque de Magyar hacia la banca comunitaria", afirmó John Fitzgerald, presidente y director ejecutivo de Magyar Bank. "Su sólida ética de trabajo, su entusiasmo por aprender y su voluntad de involucrarse en la comunidad lo convierten en un tremendo activo para el Banco".

Acerca del banco Magyar
Magyar Bank es una subsidiaria de Magyar Bancorp (NASDAQ: MGYR) y es un banco comunitario con activos de $907 millones con sede en New Brunswick, Nueva Jersey. Magyar Bank ha prestado servicios a familias y empresas en el centro de Nueva Jersey desde 1922 con una línea completa de productos y servicios financieros, y hoy Magyar opera sucursales en Edison, New Brunswick, North Brunswick, South Brunswick, Bridgewater y Branchburg. Visite Magyar en línea en www.magbank.com. Contacto con los medios: John Reissner, 732.342.7600

 

MagyarBank Charitable Foundation Passes $1 Million Mark in Grants Distributed Since Inception

New Brunswick, Nueva Jersey — 23 de octubre de 2023 — La MagyarBank Charitable Foundation eclipsó la marca del millón de dólares después de otorgar recientemente $23,100 en subvenciones a nueve organizaciones sin fines de lucro que prestan servicios en la región central de Nueva Jersey. Los fondos otorgados se utilizarán para apoyar y mejorar las vidas de los residentes locales. La Fundación proporciona subvenciones a programas que apoyan la educación, viviendas asequibles, programas para jóvenes y servicios humanos y de salud.

Las siguientes organizaciones recibieron un premio de la Fundación Benéfica MagyarBank:

B.P.O.Elks Somerville 1068- Bridgewater, Nueva Jersey- $1,500.00 para ayudar a apoyar al Comité de Niños Especiales y Camp Moore.
HomeSharing Inc. - Bridgewater, Nueva Jersey: $2500,00 para ayudar a crear soluciones de vivienda asequibles para la comunidad.
Jewish Family Service Middlesex- North Brunswick, Nueva Jersey- $2,500.00 para apoyar Kosher Meals on Wheels y el Congregate Senior Meal Program para adultos mayores confinados en sus hogares.
Asociación de la Cuenca del Bajo Raritan - New Brunswick, Nueva Jersey - $2,500.00 para apoyar el programa Rowing on the Raritan Boat Building.
Federación de Clubes de Mujeres de Nueva Jersey - New Brunswick, Nueva Jersey - $2,500.00 para apoyar la Experiencia Universitaria del Girls Career Institute.
SCORE Princeton- Princeton, Nueva Jersey- $1,000.00 para apoyar las necesidades operativas de la organización.
Vivienda Triple C - North Brunswick, Nueva Jersey - $5,000.00 para apoyar el Pop up Pantry para familias en Pennrose Truman Square.
YMCA MEWSA- Metuchen, Nueva Jersey- $2,500.00 para apoyar al Teen Leaders Club en el YMCA.
Town Clock Community Development Corporation - New Brunswick, Nueva Jersey - $2,500.00 para financiar el programa de administración de casos en curso.

"La MagyarBank Charitable Foundation se dedica a apoyar a organizaciones que brindan educación, viviendas asequibles y programas para jóvenes, así como servicios humanos y de salud", afirmó John Reissner, presidente de la MagyarBank Charitable Foundation. “Además de las subvenciones proporcionadas por la Fundación, que ahora superan el millón de dólares desde su inicio, los empleados de Magyar donan cientos de horas cada año, ofreciendo su tiempo como voluntarios para seguir apoyando a estas valiosas organizaciones. Estamos orgullosos de ser parte de esta comunidad y brindar apoyo a estas organizaciones para que puedan impulsar sus iniciativas que están alineadas con la visión de la Fundación”.

MagyarBank Charitable Foundation otorga $31,781 a varias organizaciones sin fines de lucro del centro de Nueva Jersey

Foundation PhotoNew Brunswick, NJ, 7 de abril de 2023: la fundación benéfica MagyarBank otorgó recientemente $31,781 en subvenciones a once organizaciones sin fines de lucro que prestan servicios en la región central de Nueva Jersey. Los fondos otorgados se utilizarán para apoyar y mejorar la vida de los residentes locales. La Fundación otorga subvenciones a programas que apoyan la educación, viviendas asequibles, programas para jóvenes y servicios humanos y de salud.

Las siguientes organizaciones recibieron un premio de MagyarBank Charitable Foundation:

CASA del condado de Middlesex – New Brunswick, NJ: $2500 otorgados para financiar y apoyar los esfuerzos de reclutamiento de voluntarios para aumentar la cantidad de niños atendidos en sus programas.
Centro de Recursos de Vivienda de Jersey Central – Somerville, NJ - $5,000 para financiar y apoyar sus programas 2023 que ayudan a las familias de ingresos bajos y moderados con la compra de su primera casa.
Embrace Kids Foundation – New Brunswick, NJ: $2500 para ayudar a financiar y apoyar su programa RU4kids que brinda tutoría, defensa del paciente y otros programas para pacientes pediátricos.
Middlesex College Foundation – Edison, NJ - $1,000 para ayudar a financiar y apoyar becas para estudiantes
Reconectar Hungría – New Brunswick, NJ - $1,000 para financiar el programa húngaro de derechos de nacimiento para que los adultos jóvenes entiendan el significado de su herencia e importancia en Nueva Jersey.
New Brunswick Health Sciences Technology High School – New Brunswick, NJ - $5,000 para ayudar a apoyar su programa de becas
The Midland School – North Branch, NJ - $2,281.45 para comprar una suscripción de alfabetización en el salón de clases de Square Panda con juegos para sus estudiantes.
Raritan Valley Habitat for Humanity – Pluckemin, NJ - $2,500 para renovar una casa asequible en Franklin, NJ y prepararse para comenzar la construcción de una casa para un veterano en Somerville.
Programa Caritas en la Parroquia de la Sagrada Familia – North Brunswick, NJ - $2,500 para su huerta comunitaria que brinda alternativas de alimentos saludables a familias de ingresos bajos y moderados en la comunidad.
Brain Injury Alliance of New Jersey – North Brunswick, NJ: $5,000 para apoyar su gala anual que recauda fondos para los programas que se llevan a cabo anualmente para ayudar a las personas con lesiones cerebrales y a sus cuidadores a maximizar su calidad de vida.
Fundación para la Educación de New Brunswick – New Brunswick, NJ - $2,000 para apoyar el Programa de Becas para la Excelencia de Maestros Innovadores que proporciona becas y apoyo técnico a los maestros del distrito.

“La Fundación Benéfica MagyarBank se dedica a apoyar a las organizaciones que brindan programas educativos y de vivienda asequible para jóvenes, así como servicios humanos y de salud”, declaró John Reissner, presidente de la Fundación Benéfica MagyarBank. “Nos complace presentar subvenciones a estas organizaciones para que puedan promover sus iniciativas que respaldan la visión de la Fundación”.

MagyarBank Charitable Foundation fue establecida en 2006 por Magyar Bank, un banco comunitario con sede en New Brunswick, New Jersey. Magyar Bank es la principal subsidiaria de Magyar Bancorp (NASDAQ: MGYR). Para solicitar una subvención, los solicitantes deben visitar www.magbank.com para descargar una solicitud. Las solicitudes con documentación de respaldo deben enviarse a MagyarBank Charitable Foundation, c/o Magyar Bank, 400 Somerset St., New Brunswick, NJ 08901. Para obtener más información sobre MagyarBank Charitable Foundation, llame al 732-342-7600 o visite www.magbank. com.

Magyar Bank anuncia nuevas contrataciones y promociones

New Brunswick, NJ – F15 de febrero de 2022

Magyar Bank ha anunciado las siguientes nuevas contrataciones y cambios de personal:

Paige Burwell, de Middlesex, se incorporó recientemente a Magyar Bank como vicepresidenta y gerente de sucursal de la oficina Edison del banco ubicada en Tano Mall en 1199 Amboy Avenue. Antes de unirse a Magyar, la Sra. Burwell fue Vicepresidenta y Gerente de Área en Unity Bank. Tiene más de 7 años de experiencia bancaria y se graduó de la Universidad de Tampa.

Laura Irovando, de North Brunswick, fue ascendida a Primera Vicepresidenta, Administradora de Sucursales y continuará supervisando la red de sucursales del Banco. La Sra. Irovando tiene más de 40 años de experiencia en la industria bancaria y ha estado en Magyar desde 2005. Recientemente se desempeñó como vicepresidenta de administración de sucursales.

Joseph Figueroa, de New Brunswick, se incorporó recientemente a Magyar Bank como vicepresidente adjunto, oficial de crédito. El Sr. Figueroa trabajará en el edificio de la sede central del Banco en New Brunswick. Más recientemente, fue Vicepresidente Asistente, Oficial de Revisión de Préstamos en First Commerce Bank. El Sr. Figueroa tiene más de 8 años de experiencia en varios puestos de crédito comercial y tiene una Licenciatura en Ciencias en Administración de la Escuela de Negocios Andreas de la Universidad de Barry.

Diana Braga, de Kearny, fue ascendida a vicepresidenta adjunta de Relaciones Comunitarias y Mercadeo y continuará apoyando los esfuerzos de mercadeo y relaciones comunitarias del Banco. La Sra. Braga ha estado con Magyar desde 2021 y se graduó de la Universidad de Seton Hall, además de ser un miembro activo de su comunidad.

Visite cualquier ubicación de Magyar Bank, llame al 1-888-990-BANK o complete nuestro formulario de contacto para obtener más información y abrir su cuenta.