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Press Release

Magyar Bank Distributes $95,000 in Grants from Federal Home Loan Bank of New York (FHLBNY)

New Brunswick, NJJuly 12, 2021 – Magyar Bank announced today that it has distributed an additional $95,000 in grant funding provided by the Federal Home Loan Bank of New York Small Business Recovery Grant Program. The program once again allowed the Bank to assist non-profit organizations and local businesses throughout its marketplace that met the program qualifications and provide much needed support to those who have been negatively impacted by the pandemic. Feeding Middlesex County FHLBNY Grant

“As a Bank that has been around for nearly 100 years, Magyar Bank has seen its share of economic downturns, but the pandemic has caused unprecedented damage to our local economy,” stated John Fitzgerald, President and Chief Executive Officer. “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 $2 million in funding to Federal Home Loan Bank of New York members’ who in turn provide grants to small businesses and non-profit organizations.

Magyar Bank President/CEO Named New Jersey Bankers Association Chair

New Brunswick, NJ—June 9, 2021—Magyar Bank is pleased to announce that The New Jersey Bankers Association (NJBankers) recently installed John S. Fitzgerald, Magyar Bank President and CEO, as the Association’s Chair for the 2021-22 fiscal year. John Fitzgerald Logo Nasdaq Cropped

NJBankers’ mission is to represent the membership’s interests before state and federal government and regulatory authorities, provide support in public and media relations, professional development and employee health insurance benefit programs through its licensed insurance brokerage facility, Bankers Cooperative Group.

 

MagyarBank Charitable Foundation Awards $26,696.50 to Various Central New Jersey Non-Profit Organizations

New Brunswick, NJ—April 7, 2021 — The MagyarBank Charitable Foundation recently awarded $26,656.50 in grants to eight non-profit organizations from 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:Thomas Edison Center At Menlo Park 2021

Alfa Art Gallery, New Brunswick, NJ - $2,500 awarded in support of the 2021 New Brunswick Art Salon Program

Center of Great Expectations, Somerset, NJ - $2,500 awarded to assist in providing critical basic needs for the vulnerable young mothers and children served by the organization, such as paying for food, clothing, and household items.

Central Jersey Housing Resource Center - Somerville, NJ - $5,000 awarded in support of individual and group housing counseling services and programs including, pre-purchase, foreclosure and financial literacy.

Feeding Middlesex County - Edison, NJ - $5,000 awarded to support food pantries in all 25 communities of Middlesex County.

The Midland School – North Branch, NJ - $1,696.50 to purchase a Rifton toilet seat, to help to ensure the safety, medical needs and independence for students with physical disabilities.

New Brunswick Health Science Technology High School - New Brunswick, NJ - $5,000 awarded in support of preparing youth for careers in medicine and healthcare.

Raritan Valley Habitat for Humanity- Bridgewater, NJ - $2,500 awarded in support of more opportunities for simple, decent, affordable housing, including affordable homeownership.

Thomas Edison Center at Menlo Park - Edison, NJ - $2,500 awarded in support of the purchase of archival supplies to help catalog items in the collection as well as new items from collectors and estates.

“This year more than ever the MagyarBank Charitable Foundation is committed to supporting organizations that improve the quality of life of Central Jersey residents,” stated John Reissner, President of the MagyarBank Charitable Foundation. “Local Nonprofits have experienced steep challenges as a result of the pandemic, and we are pleased to provide support during these difficult times allowing them to keep providing valuable services to the local community.”

Magyar Bank Announces New Promotion

 Lisa Waage

New Brunswick, NJ – April 2, 2021 - Magyar Bank is pleased to announce the promotion of Lisa Waage to Assistant Vice President, Portfolio Manager. Ms. Waage has been an integral part of the Commercial Loan Department, assisting customers with all aspects of their relationship including loan processing and closing, loan renewals, and as of lately heavily involved with the Bank’s participation in the Paycheck Protection Program. 

She has close to 25 years of banking experience and most recently served as the Commercial Lending Portfolio Assistant. Prior to that, Ms. Waage served as Assistant Branch Manager at Magyar for 10 years.

 

Magyar Bank Announces New Hire

New Brunswick, NJ – March 16, 2021 - Magyar Bank has announced that Cuthbert Hamilton, of South Brunswick, NJ, recently joined the Bank as Vice President of the Commercial Lending Group. He joins Magyar with 32 years of bankingCuthbert Hamilton experience and will be based in the Bank’s Headquarters building in New Brunswick, NJ.

Most recently, Mr. Hamilton served as Vice President and Senior Business Relationship Manager at Wells Fargo Bank, N.A., a position he held for seven years, and prior to that he served as Vice President and Relationship Manager at TD Bank, N.A. for a decade.

Mr. Hamilton holds a Bachelor of Science degree in Finance and Math from Rutgers University and is a member on the Executive Board of the St. Roses High School Alumni Association USA.

Local Restaurant Thanks Magyar Bank on Billboard

New Brunswick, NJ - March 10, 2021- Since the start of the health crisis, Magyar Bank has worked with their customers to help keep them open through these unprecedented times and Ellery’s Grill located in Middlesex, NJ is no exception. They are so thankful with Magyar Bank’s simply MAGnificent service and assistance, they are currently thanking the Bank on a billboard located in Middlesex, NJ.  Ellery's Grill Billboard

Magyar was pleased to process Ellery’s Grill’s Payroll Protection Program (PPP) loan among many others for small businesses and non-profits located in Middlesex and Somerset Counties to help keep their doors open and their employees paid during these difficult times. The businesses and organizations Magyar is assisting have a tremendous economic impact on the community, and the Bank is delighted to be able to assist them during this crisis. Magyar Bank is proud to support the small businesses of Middlesex and Somerset Counties.

Magyar Bank Announces New Hire

New Brunswick, NJ - March 1, 2021 - Magyar Bank has announced that Diana Braga, of Kearny, recently joined the Bank as Assistant Manager, Community Relations and Marketing. Ms. Braga will be based in the Bank’s Headquarters building in New Brunswick and has over 15 years of experience in community relations and marketing in various industries including banking. Most recently, Ms. Braga was Public Relations and Corporate Donations Manager at Provident Bank. Ms. BraDiana Bragaga is a graduate of Seton Hall University and is an active member of her community.

 

 

 

MagyarBank Charitable Foundation Grants $6,000 to State Theatre NJ

State Theatre Grant Dec 2020New Brunswick, NJ—December 15, 2020 —The MagyarBank Charitable Foundation recently granted $6,000 to State Theatre New Jersey in support of their Next Stage Campaign. The campaign is raising funds to improve the theatre’s accessibility and safety, audience and artist experience, and operational efficiency. Planned improvements include an elevator to allow access to all levels, an improved HVAC system, new auditorium seating with increased ADA seating, replacing the rope-and-sandbag rigging system with a motorized system, renovating restrooms to include touchless technology, and more.

 

 

Magyar Bank Announces Promotion

Michelle FosterNew Brunswick, NJ – December 2, 2020 - Magyar Bank has announced that Michelle Foster, Hillsborough, has been promoted to First Vice President, Human Resources Director. Ms. Foster has over 20 years of Human Resources experience, and has been with Magyar since 2019. She most recently served as Human Resources Director for the Bank, and is also a member of the Society for Human Resources Management.

 

 

 

 

Magyar Bank Distributes $100,000 in Grants from Federal Home Loan Bank of New York

Elijahs PromiseNew Brunswick, NJ—September 17, 2020 – Magyar Bank announced today that it has distributed $100,000 in grant funding provided by the Federal Home Loan Bank of New York Small Business Recovery Grant Program. The program allowed the Bank to assist non-profit organizations and local businesses throughout its marketplace that met the program qualifications and provide much needed support to those who have been negatively impacted by the pandemic.
“As a Bank that has been around for nearly 100 years, Magyar Bank has seen its share of economic downturns, but the pandemic has caused unprecedented damage to our local economy,” stated John Fitzgerald, President and Chief Executive Officer. “The local organizations and small businesses that we were able to assist are a significant part of our region’s economy, and we are pleased to provide them with this funding through our partnership with FHLBNY.”
The Small Business Recovery Grant Program will provide a total of $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.

Magyar President/CEO Named NJ Bankers First Vice Chair

John Fitz Nasdaq LogoNew Brunswick, NJ—June 1, 2020—Magyar Bank is pleased to announce that The New Jersey Bankers Association (NJBA) recently installed John S. Fitzgerald, Magyar Bank President and CEO, as the Association’s First Vice Chairman for the 2020-21 fiscal year. NJBA implements its mission of representing the membership’s interests before state and federal government and regulatory authorities, providing support in public and media relations, professional development and employee health insurance benefit programs through its licensed insurance brokerage facility, Bankers Cooperative Group.

 

 

Magyar Bank Announces Promotions

New Brunswick, NJ – March 3, 2020

Peter Brown has been promoted to Senior Vice President, Chief Lending Officer. Mr. Brown has over thirty years’ experience in the Banking Industry and joined Magyar Bank is 2013. Prior to joining Magyar Bank, Mr. Brown served as President/CEO of Manasquan Savings Bank. Mr. Brown is a graduate of Widener University and is an active member of the community, volunteering for several organizations including Coastal Habitat for Humanity and is Past President of the Spring Lake Rotary and Past Treasurer and Director of Monmouth Ocean Development Council “MODC”.

Linda Cenicola has been promoted to First Vice President, Loan Administration, and will continue to oversee the Bank’s Loan Operations area. Ms. Cenicola has been Magyar since 2005 and most recently served as Vice President, Loan Administration.

James Mazillo has been promoted to First Vice President, IT Director. Mr. Mazillo has been with Magyar since 2003, and will continue in his role as Director of Information Technology for the Bank.

John Reissner has been promoted to First Vice President, Marketing Director & Investor Relations. Mr. Reissner has been with the Bank since 2005 and will continue to lead the Bank’s Marketing program and act as the primary contact for Investor Relations. Mr. Reissner is an active member of the community and currently serves on the Board for several organizations including the Middlesex County Chamber of Commerce, Keep Middlesex Moving, and the First Tee of Raritan Valley.

Annette McDonald has been promoted to Assistant Vice President.  Annette has been a member of the Bank’s IT Department since joining Magyar in 2011, and will continue in her role in providing IT support for the Bank.

MagyarBank Charitable Foundation awards $23,950 to several Central New Jersey non-profit organizations

New Brunswick, NJ— February 25, 2020

The MagyarBank Charitable Foundation recently awarded $23,950 in grants to nine non-profit organizations from the Central New Jersey region.  The Foundation distributed these awards based on applications submitted by each organization and how their program addressed the Foundation’s objective of providing financial support to non-profits that focus on improving the quality of life for residents in Central Jersey.  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:

10 Hairy Legs, Highland Park, NJ - $1,500 awarded to expand an educational initiative within the New Brunswick school district.

Big Brothers Big Sisters of Monmouth & Middlesex Counties, Asbury Park, NJ - $1,000 awarded in support of Community Based & Workplace Mentoring programs.

Caritas Program at Holy Family Parish - New Brunswick, NJ - $2,000 awarded to help offset the costs of hosting a Farmer’s Market in New Brunswick, during June 2020, July 2020, and August 2020, and to provide vouchers for produce purchase.

Central Jersey Housing Resource Center - Raritan, NJ - $5,000 grant awarded to fund housing counseling.

Childhood Leukemia Foundation - Brick, NJ - $2,450 to support Wish Basket program at St, Peter’s University Hospital in New Brunswick.

New Brunswick Education Foundation - New Brunswick, NJ - $2,000 awarded to fund Teacher Grants for Excellence Program.

New Brunswick Health Science and Technology High School - New Brunswick, NJ - $5,000 awarded to provide two $2,5000 scholarships to Class of 2020 graduating Seniors.

State Theatre Regional Arts Center at New Brunswick - New Brunswick, NJ - $2,500 awarded to support the 2019-2020 Arts Education Programs

Town Clock CDC - New Brunswick, NJ - $2,500 awarded to support on-site therapeutic counseling services for residents

“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 Jay E. Castillo, 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 by Magyar Bank, a $646 million asset community bank headquartered in New Brunswick, New Jersey. Since its inception in 2006, The MagyarBank Charitable Foundation has awarded over $700,000 to various community-based non-profits dedicated to delivering services in the spirit of the strategic vision of Magyar Bank. Magyar Bank is the principal subsidiary of Magyar Bancorp (NASDAQ: MGYR). 

Magyar Bank Earns Fifth Consecutive "Outstanding" Rating from FDIC

New Brunswick, NJ – February 14, 2020

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 fifth 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.

Commenting on this achievement, Magyar Bank President and Chief Executive Officer John Fitzgerald noted, “It’s difficult and fairly rare for a bank to earn the FDIC’s ‘Outstanding’ rating even once, but to receive this kind of recognition on five consecutive occasions is a testament to Magyar Bank’s tradition of building relationships and the institution’s genuine commitment to community service.”                               

Jay Castillo, Senior Vice President, Community Relations Officer added, “Magyar Bank was founded in 1922 by a group of hard-working Hungarians who settled in New Brunswick, and recognized the need for a bank that would help the community grow and prosper.  Magyar became a resource to help buy homes for their families and start businesses.  As the area continued to grow, the Bank’s founders quickly realized there was an even larger role they could play in the community. Receiving this rating of Outstanding reinforces Magyar’s tradition of community service, a legacy that is firmly entrenched into the fabric of our bank.”

Each year, Magyar supports countless organizations through corporate donations and employees volunteering their time.  Magyar Bank employees can be seen at events around the community, from serving meals at local soup kitchens, to providing financial education seminars and preparing first time homebuyers in achieving their American Dream of homeownership.

In addition, the Magyar Bank Charitable Foundation, which was established in 2006, has provided over $700,000 in grants to local organizations, further cementing Magyar’s reputation as a leader in the community.

Magyar Bank Donates Hundreds of Toys and Coats to St. Peter's Hospital and the Salvation Army

New Brunswick, NJ – December 19, 2019

Magyar Bank recently teamed up with Magic 98.3 to conduct a toy and coat drive with donations going to St. Peter’s University Hospital in New Brunswick, and the Salvation Army, also in New Brunswick.

Each Magyar Bank location served as a collection point for the program, and over 400 toys were collected for children who are not able to be home for the holidays. Along with representatives from Magic 98.3, Magyar Bank visited the hospital on December 19 to distribute to the toys to the kids.

In addition, over 300 coats were collected and dropped off at the New Brunswick Salvation Army. This is the first year coats were collected as part of this program. Salvation Army     St Peters

 

             

 

Magyar Collects $1,800 and 70 Turkeys

Turkey Drive 2019New Brunswick, NJ – November 25, 2019

Magyar Bank recently held a food drive on behalf of the Franklin Township Food Bank at the Bank’s North Brunswick office. Over 70 turkeys were collected, as well non-perishable food items and over $1,800 in cash donations with all donations going to the Franklin Township Food Bank. The donations were made by Magyar Bank customers and employees.

 

 

Magyar Bank Employee Named Rising Star

Brian Hogan Rising StarNew Brunswick, NJ—November 21, 2019

Magyar Bank is proud to announce that Brian Hogan, senior pre-closing specialist, is a recipient of the 2019 New Jersey Bankers Association’s Rising Star Award. Mr. Hogan received this honor in recognition of his contributions to the Banking industry, community involvement and impact on the financial institution they work for. Mr. Hogan was one of eighteen bankers recognized by the New Jersey Bankers Association at their Rising Star Gala held recently at the Stirling House in Warren, NJ. 

Mr. Hogan has been with Magyar Bank since 2011, and has served in numerous roles with the Bank before being named to his current position.

 

 

 

 

Magyar Bank Announces New Hire

Michelle FosterNew Brunswick, NJ – November 12, 2019

Magyar Bank has announced that Michelle Foster, Hillsborough, recently joined the Bank as Human Resources Director. Ms. Foster has over 20 years of Human Resources experience, and most recently served as Human Resources Business Partner at Amneal Pharmaceuticals. Ms. Foster is also a member of the Society for Human Resources Management.

 

 

 

Magyar Bank CEO Honored by ARC Middlesex

Fitz ARC MIddlesexNew Brunswick, NJ—October 21, 2019

Magyar Bank announced today that John S. Fitzgerald, president & chief executive officer, received the Inspirational Business Leader Award from the ARC Middlesex County at their 70th annual gala held recently at the Pines Manor in Edison, New Jersey.

The ARC Middlesex County provides people with developmental and other disabilities, and their families, with support and services which encourage personal growth and quality of life through empowerment and choice.

 

Magyar Bank Announces New Chief Lending Officer

Peter BrownNew Brunswick, NJ—July 8, 2019

Magyar Bank announced today that Peter M. Brown, Manasquan, NJ, has been named as Chief Lending Officer. Mr. Brown has over thirty years’ experience in the Banking Industry, and has been with Magyar Bank for six years as Vice President, Commercial Lending Officer. Prior to joining Magyar Bank, Mr. Brown served as President/CEO of Manasquan Savings Bank. Mr. Brown is a graduate of Widener University and is an active member of the community, volunteering for several organizations including Coastal Habitat for Humanity and is Past President of the Spring Lake Rotary and Past Treasurer and Director of Monmouth Ocean Development Council “MODC”.

 

 

Magyar Bank President Named 2nd Vice Chair of NJ Bankers

John Fitz Nasdaq LogoNew Brunswick, NJ—May 24, 2019

Magyar Bank is pleased to announce that The New Jersey Bankers Association (NJBA) recently installed John S. Fitzgerald, Magyar Bank President and CEO, as the Association’s Second Vice Chairman. NJBA implements its mission of representing the membership’s interests before state and federal government and regulatory authorities, providing support in public and media relations, professional development and employee health insurance benefit programs through its licensed insurance brokerage facility, Bankers Cooperative Group.

 

 

Magyar Bank Announces Promotions

Neal RuizNew Brunswick, NJ – April 9, 2019

Magyar Bank has announced the following personnel changes:Rachelle Harriott

Rachelle Harriott, Somerset, NJ, has been named Branch Manager of the Bank’s New Brunswick office. The office also serves as Magyar’s Corporate Headquarters. Ms. Harriott has been with Magyar Bank for nine years and has over ten years of banking experience. Most recently, she was Assistant Branch Manager.

Neal Ruiz, Edison, NJ, has been named Branch Manager of the Bank’s Edison office on Inman Avenue. Mr. Ruiz is a graduate of Universidad San Buenaventura, and has been with Magyar for three years. Previously, Mr. Ruiz was Assistant Retail Manager and has over fourteen years of banking experience.

Magyar Bank Announces New Hire

Dan BadeaNew Brunswick, NJ – April 8, 2019

Magyar Bank has announced that Dan Badea, of Freehold, recently joined the Bank as Vice President, Commercial Loan Officer. Mr. Badea will be based in the Bank’s Headquarters building in New Brunswick and has over 30 years of banking experience. Most recently, Mr. Badea was Vice President, Commercial Loan Officer with Northfield Bank. Mr. Badea is a graduate of Kean University and is an active member of numerous community organizations including the Association for Financial Professionals (AFP).

 

 

MagyarBank Charitable Foundation awards $19,000 to several Central New Jersey non-profit organizations

Charitable Foundation Feb 2019New Brunswick, NJ—February 25, 2019

The MagyarBank Charitable Foundation recently awarded $19,000 in grants to eight non-profit organizations from the Central New Jersey region. The Foundation distributed these awards based on applications submitted by each organization and how their program addressed the Foundation’s objective of providing financial support to non-profits that focus on improving the quality of life for residents in Central Jersey. 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:

  • Alternatives, Inc., Raritan, NJ - $2,500 to support their Abilities in Motion Day Program.
  • ARC of Middlesex County, North Brunswick, NJ - $2,500 for the development of their sensory room.
  • Damon House, Inc., - New Brunswick, NJ - $2,500 for their Outpatient Office in New Brunswick.
  • Garden State Homes (GSH, Inc.), Highland Park, NJ - $2,500 to support their transitional Housing Program.
  • New Jersey Agricultural Society/Farmers Against Hunger, Bordentown, NJ - $2,500 to support their educational programs.
  • Simuel Whitfield Simmons, Somerset, NJ - $2,500 for the tutoring Program.
  • The First Tee of Raritan Valley (New Jersey Youth Development Foundation), Kenilworth, NJ - $2,000 to support their youth mentoring and education programs.
  • Elijah’s Promise, New Brunswick, NJ - $2,000 to support the ongoing maintenance for their soup kitchen facility.

"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 Jay E. Castillo, 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.”

Magyar Bank Holds Food Drive for MCFOODS

New Brunswick, NJ—January 25, 2019

As a result of the Federal Government shutdown, local food banks are experiencing an increase in demand for their services. To assist the food banks in meeting their needs, Magyar Bank is partnering with the Middlesex County Food Organization and Outreach Distribution Services (MCFOODS), and is collecting non-perishable food items at all Magyar Bank locations through February 15. MCFOODS serves over 100 food banks, soup kitchens and social services agencies throughout Middlesex County each week, and all donations will go to MCFOODS in support of their programs.

Donations may be dropped off at any Magyar Bank location;
• New Brunswick - 400 Somerset St
• North Brunswick – 596 Milltown Road
• South Brunswick – 3050 Highway 27
• Edison (Tano Mall) – 1199 Amboy Ave.
• Edison – 1167 Inman Ave.
• Branchburg – 1000 Route 202 South
• Bridgewater – 475 North Bridge St.

In addition, monetary donations are being accepted, and checks may be made payable to Feeding Middlesex County.

Some items most in need include:
• Canned Chicken
• Cereal
• Macaroni & Cheese
• Canned Meats & Pasta
• Vegetables (low sodium)
• Fruits (low sugar)
• Diapers & Wipes
• Stew (low sodium)
• Granola Bars
• Rice
• Pasta
• Dry Beans (red, black & pinto)
• Paper Products
• Soap, Shampoo, Toothpaste

 

Magyar Bank Holds Turkey Drive

Turkey Drive 2018New Brunswick, NJ – November 21, 2018– Magyar Bank recently held a food drive on behalf of the Franklin Township Food Bank at the Bank’s North Brunswick office. Over 50 turkeys were collected, as well non-perishable food items and cash donations with all items going to the Franklin Township Food Bank

 

 

 

 

 

 

 

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.

 

 

 

 

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