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Press Releases

Magyar Bank Chairman Receives Distinguished Citizen Award

Lankey Boy Scout AwardNew Brunswick, NJ—November 9, 2018—Magyar Bank announced today that Tom Lankey, Chairman of the Board of Magyar Bank, and Magyar Bank’s Parent Company, Magyar Bancorp, received the Distinguished Citizen Award from the Boy Scouts of America at their annual gala held recently at the Heldrich Hotel in New Brunswick, New Jersey.

The event, which raised over $90,000, was held to support The Boy Scouts of America (BSA) and their efforts to provide programs that serve 20,000 youth in Northern and Central New Jersey and focus on character development and values-based leadership training.

 

 

 

Magyar Bank Announces New Hire

John OreillyNew Brunswick, NJ – June 25, 2018 - Magyar Bank has announced that John O’Reilly, of Springfield, New Jersey, recently joined the Bank as Branch Manager of the Bridgewater office located at 475 North Bridge Street. Mr. O’Reilly was previously Vice President, Small Business Banker at Bank of America and has over 35 years of banking experience. A graduate of Kean University, Mr. O’Reilly is an active member in the community, and is a current member of the Springfield Knights of Columbus.

 

 

Magyar Bank Announces New Hire

Magdalena MoralesNew Brunswick, NJ – April 16, 2018 - Magyar Bank has announced that Magdalena Morales, of Carteret, recently joined the Bank as Vice President, Branch Manager. Ms. Morales will be based in the Bank’s South Brunswick office and has over 31 years of banking experience. Most recently, Ms. Morales was Vice President, Relationship Manager with Unity Bank. Ms. Morales is a graduate of Drake College of Business and an active member of numerous community organizations including the North Plainfield/Plainfield Club and the Rotary Club.

 

 

 

Magyar Bank Announces Promotions

Peter Brown   Jocelyn Valenzuela   Carmen Estevez

New Brunswick, NJ – February 2, 2018- Magyar Bank has announced the following personnel changes.

Peter Brown, Manasquan, NJ has been named Head of Commercial Lending and will oversee Magyar Bank’s Commercial Lending team. Mr. Brown has been with Magyar Bank for five years, and was most recently Vice President, Commercial Lender. He has over 30 years of banking experience and is a graduate of Widener University.

Jocelyn Valenzuela, East Brunswick, NJ, has been promoted to Vice President. Ms. Valenzuela joined Magyar in 2017 as Retail Manager of the Bank’s Tano Mall office which opened in June 2017, and will continue in this role. Prior to joining Magyar, Ms. Valenzuela was Assistant Vice President, Branch Manager at Hammi Bank. She has over 25 years’ experience in the banking industry, and is a graduate of NYU.

Carmen Estevez, Somerset, NJ, has been promoted to Vice President. Carmen will continue in her role as SBA Administrator where she handles SBA loan closings as well as continue to provide customer support. Ms. Estevez has over 20 years’ experience in the banking industry and has been with Magyar for 4 years.

Magyar Collects Hundreds of Toys For St. Peter's Hospital

Toy Drive Collection 2017New Brunswick, NJ - December 21, 2017 - Magyar Bank held it's 2nd Annual Holiday Toy Drive with Magic 98.3 and 1450 WCTC, collecting over 500 toys which were donated to children who are spending their holiday at St. Peter's University Children's Hospital. The collection ran fro about a month and donations came from bank customers and employees, as well listeners from both radio stations.  In addition, the Bank sent a team of employees to hand out the toys along with Santa himself.

 

 

 

Magyar Bank Participates in Habitat Build

Magic Habitat Build Oct 2017New Brunswick, NJ – October 16, 2017 – A team of Magyar Bank employees volunteered recently to help build a home for the Raritan Valley Habitat for Humanity. The build was part of Magic 98.3’s “House Built with Magic”, a program put together to help build a home for a family in Franklin Twp, New Jersey.
Magyar Bank employees spent their day building the frame for a shed which will be included on the property. In addition to employees volunteering their time, Magyar Bank made a $1500 donation to Raritan Valley Habitat for Humanity to help them purchase supplies and materials for the project.

 

 

 

Magyar Bank Announces Two New Hires

Pam Jordan

New Brunswick, NJ – June 22, 2017 - Pamela Jordan, of Freehold, recently joined Magyar Bank as Vice President, Branch Manager. Ms. Jordan will be based in the Bank’s North Brunswick office, and has over 39 years of banking experience. Most recently, Ms. Jordan was Vice President, Branch Manager with New Millennium Bank.  In addition, the Bank also announced that Jocelyn Valenauela, of East Brunswick, New Jersey, recently joined the Bank as Branch Manager of the Bank’s new Edison office located in the Tano Mall at 1199 Amboy Avenue. Ms. Valenzuela was previously Assistant Vice President, Branch Manager at Hammi Bank. She has over 25 years experience in the banking industry, and is a graduate of NYU.

 

 

 

Magyar Bank Celebrates New Edison Branch By Throwing A Party For The Community

Tano Grand Opening 2017NEW BRUNSWICK, NJ – June, 2017 – Cloudy skies and periods of rain couldn’t dampen the enthusiasm during the grand opening celebration of Magyar Bank’s newest branch at the Tano Mall in Edison, 1199 Amboy Avenue.  This marks the long-standing financial institution’s second branch in Edison.  As many other banks have been consolidating, Magyar Bank’s expansion acknowledges the vibrancy and potential growth opportunities in the area.

More than fifty guests took part in the festivities and were treated to bank giveaways, hot dogs, ice cream, hot and cold drinks and other goodies.  Some lucky guests won the opportunity to grab as much money as they could in thirty seconds inside the Magyar Bank Money Machine.  Also attending were many local dignitaries who were there to welcome their new neighbor and participate in the ceremonial ribbon cutting.

“Our new branch extends our unwavering commitment to the local community in being there for them and attending to their financial needs,” commented John Fitzgerald, Magyar Bank President & CEO. “Officially, the branch has been open since June 6th and, even prior to the grand opening celebration, many nice folks already stopped by and extended us a warm welcome, appreciative of our dedication to the local community.”

Mr. Fitzgerald continued, “Even if you weren’t able to make it to our grand opening, we invite you to come and discover for yourself our Simply Magnificent Magyar Bank service and take advantage of special product offerings still going on during our celebration period.”

Magyar Bank Receives "Outstanding" Rating

CRA Outstanding ReceptionNew Brunswick, NJ – April 12, 2017 –Magyar Bank announced today that the bank has earned the FDIC’s coveted top rating – “Outstanding” – for its compliance with the Community Reinvestment Act (CRA) for the fourth consecutive time. The CRA is a 1977 federal law intended to encourage insured banks to meet local credit needs, consistent with safe and sound operations. Over the years, this FDIC rating has also commonly been considered a benchmark for a bank’s level of care and concern for the communities it serves.

To recognize this special honor, the Bank held a reception at its New Brunswick Corporate Headquarters building where over 100 guests attended. Included in the group of attendees were New Brunswick Mayor Jim Cahill, Edison Mayor and Magyar Bank Board Chairman Tom Lankey, Rev. Dr. DeForest “Buster” Soaries, Senior Pastor, First Baptist Church of Lincoln Gardens, New Brunswick Councilman Kevin Egan, and numerous representatives from the non-profits that Magyar Bank has supported over the years.

In addition, Middlesex County Freeholder Blanquita Valenti was on hand, and she presented the Bank with a proclamation from the County in recognition of the Bank’s achievements.

Each year, Magyar Supports over 75 organizations through corporate donations and employees volunteering their time. Magyar Bank employees can be seen at countless events around the community, from serving meals at local soup kitchens, to providing financial education seminars and even building and renovating homes for Habitat For Humanity.
In addition, the Magyar Bank Charitable Foundation, which was established in 2006, has provided over $530,000 in grants to over 100 local organizations, further cementing Magyar’s reputation as a leader in the community.

Magyar Bank Announces Promotions

New Brunswick, NJ – March 21, 2017- Magyar Bank has announced the following personnel changes:  Lima Promotion 2017Frontirre Promotion 2017Flemming 2017 Promotion

Donna L. Fleming, Colonia, New Jersey, was named vice president, accounting manager.  Ms. Fleming has been with Magyar Bank for 13 years, and was most recently the Bank’s assistant vice president, accounting manager.  She is a graduate of Middlesex County College and has over 20 years’ experience in the banking industry. 

Emilia Frontirre, Manalapan, New Jersey, was named vice president, branch manager.  Ms. Frontirre has been with Magyar Bank for 6 years, and has worked in the banking industry for over 40 years.  Most recently, she was assistant vice president, branch manager.     

Rachel S. Lima, Piscataway, New Jersey, has been promoted to vice president, deposit operations.  A graduate of Rutgers University, Ms. Lima has been with Magyar Bank for 18 years and was most recently assistant vice president, deposit operations manager.

Magyar Bank Announces Spring Shred Days

Shred DayNew Brunswick, NJ—March 6, 2017—Magyar Bank is offering residents and businesses in Central New Jersey an opportunity to shred their personal and sensitive documents at Magyar’s “Spring Shred Days”. Identity theft is a major concern for most people today, and many are taking extra care to not throw documents with sensitive information in the trash where someone could steal personal information like account numbers, social security numbers or passwords.

This year, Magyar Bank is pleased to add a special event to its Shred Day schedule. On Thursday, May 25, Magyar Bank will join WCTC’s Live on the Lawn Broadcast with morning show host Bert Baron from 7:00am – 10:00am.

All events are free of charge for the entire community.  A complete list of dates and times, along with some suggested items that you may want to shred are available on our website.

 

Jon R. Ansari Named to Magyar Bank Board of Directors

Jon Ansari New Brunswick, NJ—February 27, 2017—Magyar Bancorp, Inc., parent company of Magyar Bank, announced today that Jon R. Ansari was appointed to the Board of Directors of Magyar Bancorp, and Magyar Bank during the Board’s February meeting.

Mr. Ansari joined Magyar Bank in 1999, and currently serves as Executive Vice President and Chief Financial Officer. Mr. Ansari is a graduate of Muhlenberg College where he obtained his Bachelor of Arts degree, and received his MBA from New York University. He is also a graduate of the America’s Community Bankers National School of Banking.

Commenting on his appointment, Magyar Bank President and Chief Executive Officer John Fitzgerald stated, “Jon is an integral part of our organization, and as Chief Financial Officer he played a significant role in transforming the Bank from a traditional savings bank to the publicly traded, commercial bank that Magyar is today. Jon’s business acumen and attention to detail will be a tremendous asset to the Board.”


Magyar Bank Teams Up With Local Organizations During The Holiday Season

Holiday Toy Drive New Brunswick, NJ – December 27, 2016 – Magyar Bank recently teamed up with Magic 98.3 and St. Peter’s University Hospital for our Holiday Toy Drive; as well as with Simuel Whitfield Simmons Organization (SWS) for our annual Adopt-A-Family. 

Our Holiday Toy Drive ran for a month. With the help of our partners, employees and customers, we were able to collect over 400 toys to the Children at St. Peter’s University Hospital who were not able to come home for the Holidays. Along with our partners at Magic 98.3, we visited The Children’s Hospital at St. Peter’s on December 20th to hand deliver the toys along with “Santa Clause”.

Natasha Rodgers from SWS teams up with Magyar Bank every year to help at-risk families have an enjoyable Holiday Season. This year, Magyar Bank employees donated their time and money to help purchase all the items on the wish lists for the four families.

Simply MAGnificent!

MagyarBank Charitable Foundation Grants $2000 to Garden State Home, Inc.

 Garden State Home Inc.New Brunswick, NJ—November 30, 2016 —MagyarBank Charitable Foundation recently granted $2,000 to Garden State Home, Inc. Garden State Home provides housing and supportive services to young men, between the ages of 16 and 21, who are homeless in New Jersey. 

In July of 2016 Garden State Home opened another Supportive Housing Program for 5 young men, in Highland Park, NJ. The $2,000 grant was used to purchase schools supplies for these young men, for the upcoming fall 2016 semester in Middlesex County College, in Edison NJ.

PHOTO CAPTION: Jay Castillo, President, MagyarBank Charitable Foundation, Anggy Agudelo, Community Relations Specialist, Matthew Baxter, Program Director, Garden State Home, and two young men currently living in the home.  The Picture was taken in front of the home in Highland Park, NJ.

 

Magyar Bank Volunteers Build New Home For Habitat for Humanity

Habitat Build Magic 983New Brunswick, NJ – November 10, 2016 – A team of Magyar Bank employees volunteered recently to assist Raritan Valley Habitat for Humanity in building a new home for a family in Somerset. The build took place in the parking lot of the Lowe’s Home Improvement Store in Hillsborough. The home’s frame was built and then transferred to the lot in Somerset where it will be completed over the next few months.

In addition to employees volunteering their time, Magyar Bank made a $1,500 contribution to Raritan Valley Habitat for Humanity to help them purchase supplies and materials for this home, and for other projects that the group is currently undertaking.

A video summary of the build can be found on the Bank’s YouTube Channel at https://youtu.be/3FVhtNW36eM.

 

Magyar Bank Makes Donation to Community Food Bank of NJ

Students Change HungerNew Brunswick, NJ – October 26, 2016 – Magyar Bank, a proud participant in the Students Change Hunger Program, recently paid a visit to the Community Food Bank of New Jersey to make a presentation of a $1,500 donation to the Food Bank. The Students Change Hunger program encourages schools from across New Jersey to collect donations of non-perishable food items for the Community Food Bank of New Jersey. The school that collects the most donations will win the Governor’s Cup, and schools will be collecting donations until December 12.

In 2015, the Students Change Hunger program collected over 174,000 pounds of food and over $44,000 Schools that would like to participate may visit www.studentschangehunger.org for registration information.

 

Magyar Bank Volunteers Help Restore Home for Coastal Habitat for Humanity

Coastal Habitat Build 2016New Brunswick, NJ – July 22, 2016 – A team of Magyar Bank employees volunteered recently to assist Coastal Habitat for Humanity in their efforts to restore homes along the shore that were impacted by Hurricane Sandy in 2012. Specifically, the group spent the day at a home in Neptune City prepping and painting the exterior of the home.
In addition to employees volunteering their time, Magyar Bank made a $600 contribution to Coastal Habitat for Humanity to help them purchase supplies and materials for the dozens of homes they are working on along the shore.

 

 

 

Magyar Bank President/CEO Receives Distinguished Citizen Award From Boy Scouts

Boy Scout HonorNew Brunswick, NJ—June 21, 2016—Magyar Bank announced today that John S. Fitzgerald, president & chief executive officer, received the Distinguished Citizen Award from the Boy Scouts of America at their annual gala held recently at the Imperia in Somerset, New Jersey.

The Boy Scouts of America (BSA) serve 20,000 youth in Northern and Central New Jersey between the ages of 7 and 20 and is the nation’s foremost youth program of character development and values-based leadership training.

“It is an honor to be recognized by the Boy Scouts of America”, stated John S. Fitzgerald, President and Chief Executive Officer of Magyar Bank. “The Boy Scouts learn invaluable lessons through their Scouting activities, and develop a commitment to community that will prepare them to become successful leaders. At Magyar Bank, we strive to be an active member of the communities we serve, and it’s very encouraging to see these young men develop a sense of community pride at a very young age.”

Magyar Bank, Congressman Frank Pallone, and Edison Mayor Tom Lankey Teach Children at Edison School

Teach Children To Save 2016New Brunswick, NJ—April 26, 2016— On April 22, Magyar Bank, along with Congressman Frank Pallone and Edison Mayor Tom Lankey visited the Thomas Jefferson Middle School in Edison to teach the sixth grade class some valuable lessons on the importance of saving money.

Magyar Bank’s President and CEO, John Fitzgerald, Congressman Pallone, and Mayor Lankey instructed children about money and savings, covering topics such as budgeting, the difference between needs and wants, and why it’s important to save for emergencies.  Over 240 sixth grade students interacted with the Congressman, Mayor and Mr. Fitzgerald during the activity.

“As a Community Bank, we take pride in taking an active role in programs such as these where we have an opportunity to teach children how to handle their money, and we’re pleased to partner with area schools like the Thomas Jefferson Middle School,” stated Mr. Fitzgerald.

The event was part of the American Bankers Association Foundation’s Teach Children To Save Day, one of the Foundation’s education initiatives that have helped reach over 8 million young people through the commitment of more than 245,000 banker volunteers nationwide.

Magyar Bancorp Rings NASDAQ Closing Bell April 20

NASDAQ Close April 20 2016New Brunswick, NJ—April 21, 2016—Magyar Bancorp, parent company of Magyar Bank, celebrated the tenth anniversary of its initial public offering by ringing the closing bell on the NASDAQ Stock Market on Wednesday, April 20. The Bank’s President and Chief Executive Officer, John S. Fitzgerald, was joined by members of the Bank’s Board of Directors and Senior Management team on stage at the NASDAQ studios located in Times Square.

“Magyar Bank is honored to have been able to commemorate this milestone with this exciting ceremony”, stated Mr. Fitzgerald. “While the banking industry has changed quite a bit since our initial public offering ten years ago, our commitment to community banking has not changed. We’re proud of the accomplishments we have achieved during this time, and we look forward to continuing to make a difference in the communities we serve, while also building long term value for our shareholders.”

Magyar Bank Spring Shred Days Are Back

Shred DayNew Brunswick, NJ—March 28, 2016—Magyar Bank is offering residents and businesses in Central New Jersey an opportunity to shred their personal and sensitive documents at Magyar’s “Spring Shred Days”. Identity theft is a major concern for most people today, and many are taking extra care to not throw documents with sensitive information in the trash where someone could steal personal information like account numbers, social security numbers or passwords.

This year, Magyar Bank is pleased to add two special events to its Shred Day schedule. On Saturday, April 16, visitors will be able to meet the Rutgers Scarlet Knight Mascot, and members of the Rutgers Cheer Team.

Plus, On Thursday, May 26, Magyar Bank will join WCTC’s Live on the Lawn Broadcast with morning show host Bert Baron from 7:00am – 10:00am.

All events are free of charge for the entire community, and the complete list of dates and times, along with some suggested items that you may want to shred are available on our website.  

 

MagyarBank Charitable Foundation Grants $17,500 to Local Non-Profit Organizations

New Brunswick, NJ – March 8, 2016 – The MagyarBank Charitable Foundation granted $17,500 to seven Non-Profit Organizations in support of programs they are coordinating in the Central Jersey area. Organizations receiving grants include:

  • 10 Hairy Legs, a dance company with a strong artistic presence in the New Brunswick area, to support their two week residency in New Brunswick High School and a performance that is scheduled to take place on March 26th, 2016.
  • The Alfa Art Gallery, established in 2008, is dedicated to discovering and supporting emerging and well established artists. Their grant will help improve their Art Salon Exhibitions.
  • Big Brothers Big Sisters of Monmouth and Middlesex Counties (BBBSMMC) is Central Jersey’s local office of the Nation’s leading mentoring organization. The grant they received will go towards funding One-to-One Mentoring Programs for 200 students through Community Based, School Based or Beyond School Walls Programs in Middlesex County.
  • Central Jersey Housing Resource Center (CJHRC) is dedicated to providing housing counseling, information and referral services to meet the needs of very low, low, and moderate income individuals who are looking for affordable housing. The grant will help provide individual and group housing counseling services.
  • Elijah’s Promise is a local soup kitchen whose vision is to break the cycle of poverty in our community, all while empowering individuals through job training and opportunity into their everyday operations.
  • New Brunswick Health Sciences Technology High School received a grant to support scholarships to help graduating students achieve their Educational goals.
  • NORWESCAP (Northwestern NJ Community Action Partnership, Inc.) Career & Life Transition Center for Women (CLTC), an organization dedicated to helping displaced homemakers gain personal and economic self-sufficiency for over 30 years, received a grant to aid their “Microsoft Office Fundamentals- Computer for the Workplace” program.
    Since its inception in 2006, the MagyarBank Charitable Foundation has donated over $480,000 to more than 100 organizations throughout Central Jersey.

Magyar Bancorp Announces Results of Annual Shareholder Meeting

John FitzgeraldNew Brunswick, NJ—February 25, 2016—Magyar Bancorp, Inc., parent company of Magyar Bank, recently held its annual shareholder meeting at The State Theatre in New Brunswick. The meeting featured a presentation on the Company’s 2015 Fiscal Year by John Fitzgerald, President and Chief Executive Officer. During the meeting, shareholders re-elected John Fitzgerald, Tom Lankey and Joseph Yelencsics as Directors of the Company.

During his presentation, Mr. Fitzgerald noted that the Company’s net income for Fiscal Year 2015 increased 56% from the prior year, and the Company’s first quarter net income increased 70% compared to the same period last year. In addition, Mr. Fitzgerald stated “In response to our improved earnings, Magyar’s stock price as of September 30, 2015 increased over 15% from the prior fiscal year end. The Company’s improved earnings are the direct result of our focus on being an active leader in the communities we serve, and as we look ahead to 2016, we expect this positive momentum to continue.”

Magyar Bank Recognized Before Rutgers Men’s Basketball Game For Food Drive

RU Basketball Game Feb 2016New Brunswick, NJ—February 5, 2016—Magyar Bank was recognized prior to the Rutgers Men's Basketball game against Illinois on February 3 for their efforts in collecting non-perishable food items for the North Brunswick Food Bank.

Magyar Bank teamed up with Rutgers Athletics for a special program that provided vouchers good for discounts on tickets to the Rutgers-Illinois Men’s basketball game to anyone who made donations of non-perishable food items. Donations were collected during January at all six Magyar Bank locations and were donated to the North Brunswick Food Bank.

 

 

Magyar Bank Teams Up With Radio Station Magic 98.3 for Coat Drive

2015 Coat DriveNew Brunswick, NJ—December 18, 2015— Magyar Bank and Magic 98.3  partnered up this year to conduct a Winter Coat Drive for the Holiday Season. Hundreds of coats that were collected between November 30-December 18. All donations went to the Simmuel Whitfield Simmons Organization.

 

 

 

 

Magyar Bank Announces Jean McDonnell Joins Team

Jean McDonnellNew Brunswick, NJ—October 26, 2015—Jean McDonnell, Piscataway, NJ, has joined Magyar Bank as Vice President, Commercial Lending Officer. Ms. McDonnell has 39 years’ experience in the Banking Industry, and most recently served as Vice President, Commercial Lending Officer for BCB Bank of Woodbridge. Ms. McDonnell is a graduate of Farleigh Dickinson University and is an active member of the community, volunteering for several organizations including the Edison Chamber of Commerce and the Women’s League of Rutgers University.

 

 

 

 

 

Magyar Bank Recognized by Township of Edison

Magyar Bank Recognized by Township of EdisonNew Brunswick, NJ – September 2, 2015 – The Township of Edison recognized Magyar Bank for their support in the Annual Mayor’s Fourth of July Celebration. The event attracts thousands of Edison Residents each year to celebrate our Nation’s Independence.

 

 

 

 

 

Magyar Bank Volunteers and Donates to United Way's Tools for School

Tools for School 2015New Brunswick, NJ – August 17, 2015 – Magyar Bank participated in the United Way’s “Tools for School” (formerly known as Stuff the Bus) in August. “Tools for School” is an event to gather school supplies for disadvantaged students in the Somerset County School Districts. Magyar Bank provided United Way with a monetary donation toward the purchase of necessary school supplies. In addition, a group of Magyar Bank representatives helped sort, separate, and count the supplies donated to the United Way from various organizations for this initiative.

 

 

 

Magyar Bank Volunteers Help Restore Home for Coastal Habitat for Humanity

Habitat Build Lake ComoNew Brunswick, NJ – June 23, 2015 – A team of Magyar Bank employees volunteered recently to assist Coastal Habitat for Humanity in their efforts to restore homes along the shore that were impacted by Hurricane Sandy in 2012. Specifically, the group spent the day in Lake Como installing windows in a home that was badly damaged by the storm when the nearby Lake Como overflowed its banks.  In addition to employees volunteering their time, Magyar Bank made a $600 contribution to Coastal Habitat for Humanity to help them purchase supplies and materials for the dozens of homes they are working on along the shore.

 

 

Magyar Bank Named NJ Smart Workplace

KMM SmartworkplaceJune 10, 2015 - Magyar Bank announced today that it was recently honored by Keep Middlesex Moving (KMM) as a New Jersey Smart Workplace. KMM recognizes companies throughout Middlesex County for their achievements in creating programs that provide and promote commuting alternatives for their employees, reducing traffic and congestion while also improving air quality.

Magyar Bank was recognized for several initiatives that were put in place including the installation of a bike rack for customers, encouraging employees to register for traffic alerts through the KMM website, hosting a commuter information event at the Bank, working with KMM to conduct a commuting survey, and for maintaining a relationship with KMM.

Magyar was presented with the Bronze award for their efforts.

MagyarBank Charitable Foundation Receives Community Leaders of Distinction Award

Foundation AwardMay 26, 2015—Magyar Bank announced today that the MagyarBank Charitable Foundation recently received the Community Leaders of Distinction Award from the Middlesex County Regional Chamber of Commerce at a ceremony which took place at the Pines Manor in Edison. The Award recognizes businesses, individuals and organizations for their dedication and commitment to the community.

The MagyarBank Charitable Foundation was founded in 2006, and since its inception it has donated over $450,000 to 101 organizations in Central New Jersey. “Receiving this award is an honor, and it’s a confirmation of Magyar Bank’s mission that by being an active member in the community, we can make a difference and help make our community a better place to work and live,” stated John S. Fitzgerald, president and chief executive officer of Magyar Bank.

“We’d like to thank the Middlesex County Chamber of Commerce for this special honor,” added Jay E. Castillo, President of the MagyarBank Charitable Foundation and Senior Vice President, Branch Administrator, Magyar Bank. “In addition to the monetary contributions that have been made over the years, our employees volunteer a number of hours to assist non-profits in our area that are committed to making our community stronger, and we appreciate the Chamber’s recognition.”

The MagyarBank Charitable Foundation actively seeks community development opportunities in four primary areas, while also recognizing the need to change with the needs and social conditions of the Community over time. These areas include Education, Health and Human Services, Youth Programs and Affordable Housing.  Click here to learn more about the MagyarBank Charitable Foundation, or call Anggy Agudelo at 732-342-7600, ext. 111.

You can also view a video presentation prepared by the Middlesex County Chamber of Commerce on their YouTube page.

 

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