Magyar Bancorp : Bank Receives "Outstanding" Rating

Magyar Bank Receives 'Outstanding' Rating

New 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:

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

New 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

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

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.

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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

New 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

June 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

May 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.

Magyar Bank to host Free 'Spring Shred Days'

March 30, 2015-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 event is free of charge for the entire community, and will be held on the following dates at Magyar Bank locations. The Shred Truck will be available from 10:00am - 12:00pm at each location.

• Saturday, April 11 - Edison, 1167 Inman Avenue
• Saturday, April 18 - New Brunswick (Corporate HQ), 400 Somerset Street
• Saturday, April 25 - South Brunswick (Kendall Park), 3050 State Route 27
• Saturday, May 2 - Branchburg, 1000 Route 202 South
• Saturday, May 9 - North Brunswick, 596 Milltown Road
• Saturday, May 16 - Bridgewater, 475 North Bridge Street

For more information about Shred Day, call 1-888-990-BANK or Click Here

Magyar Bank Charitable Foundation Approves Grant for Middlesex County College Foundation

March 9, 2015-Magyar Bank recently awarded the Middlesex County College Foundation a grant to support their mission of providing access to an affordable, quality education for diverse students and to promote lifelong learning opportunities. The funds provided by the Magyar Bank Charitable Foundation will be used specifically to help provide financial aid, scholarships, and educational resources that help to open doors for Middlesex County College students to achieve their educational and career goals.

Magyar Bank Employees Volunteer for Morris Habitat For Humanity

February 4, 2015- A team of Magyar Bank employees volunteered recently to assist Morris Habitat for Humanity, an organization that through volunteer labor and donations of money and materials, builds and rehabilitates houses in partnership with families that fall within certain income requirements. Magyar Bank volunteers traveled to Perth Amboy to help with placing the rim boards and floor joists between the second level and the attic.

Magyar Bank is a frequent participant in Habitat for Humanity programs throughout the region, helping families move into their new home. Volunteers are always needed to assist in the building of these homes, and you do not need to be an expert with a hammer to participate. To volunteer for this project, or another project the Morris Habitat For Humanity is conducting, contact them at http://www.morrishabitat.org/.

Magyar Bank Partners with Rutgers Athletics to Collect
Donations For Franklin Twp. Food Bank

January 12, 2015 - Magyar Bank joined forces with Rutgers Athletics to help out the Franklin Township Food Bank. Typically, after the holiday season, Food Banks see a decline in the number of donations they receive. Magyar Bank put together this program that rewarded anyone who made a donation with a voucher good for up to $10 off the ticket price for the Rutgers Men's Basketball game against Big 10 opponent Michigan. In addition, donors were also entered into a drawing to win two free tickets to the game. Magyar Bank was recognized by Rutgers on the court prior to the game. On January 10, Magyar held a special Rutgers Day at its North Brunswick office. Joining Magyar Bank employees and representatives of the Franklin Twp. Food Bank were the Rutgers Scarlet Knight, and members of the Rutgers Cheerleading team.

Jon R. Ansari Recognized by New Jersey Bankers as Future Leader in Banking

December 14, 2014-Magyar Bank is proud to announce that Jon R. Ansari, Executive Vice President, Chief Financial Officer, was honored by the New Jersey Bankers Association as a Future Leader in Banking. The ceremony took place during the Future Leaders in Banking Gala held recently at the Tropicana Hotel in Atlantic City.
The New Jersey Bankers Association selected Mr. Ansari as one of 12 recipients for this honor based on their contributions to the Banking industry in New Jersey, community involvement and impact on the financial institution they work for.
Mr. Ansari has been with Magyar Bank since 1999, and has served in numerous roles with the Bank before being named executive vice president, chief financial officer in 2012. 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.
'Jon is an integral part of our team and has had a significant impact on Magyar Bank since coming to Magyar 15 years ago', stated John Fitzgerald, president and chief executive officer of Magyar Bank. 'He led the Bank's transformation to a public company in 2006, and has been a key player in developing the Bank's strategy of being an active leader in the community which has further enhanced Magyar's ability to provide a high level of service to its growing customer base.'

Magyar Bank Helping to Prevent Elder Financial Abuse

November 3, 2014 - In recognition of the increasing cases of financial scams targeting Senior Citizens, Magyar Bank has put together an informational campaign that will run throughout the month of November and provide helpful information on how to stop financial abuse of elderly customers. Starting November 3 and continuing throughout the month, Magyar Bank will air a series of vignettes on Magic 98.3 and WCTC, 1450AM that will focus on bringing awareness of this topic, and provide helpful tips on how senior citizens can protect themselves from financial abuse. In addition, Magyar Bank will be a presenting sponsor at WCTC's Health and Wealth Forum on Saturday, November 15 where a representative from the Middlesex County Adult Protective Services Division will speak about Elder Financial Abuse. The event will take place at the Pines Manor in Edison, and registration is free. To register, call WCTC at732-249-2600 x200.

'The elderly are increasingly becoming targets for financial abuse,' said John Fitzgerald, President and CEO. 'At least 20 percent of Americans over the age of 65 have been victimized, and many seniors may not even realize it.' Magyar Bank employees are frequently trained to notice when a customer is vulnerable or is currently a victim of financial abuse, by simply paying attention to red flags. The red flags can be invaluable when determining abuse-whether it is a Magyar employee noticing unusual recent withdrawals or a new person simply accompanying the older customers to a Magyar branch.

Magyar Bank is encouraging everyone to protect themselves from financial abuse by following these tips:

• Keep personal information private. Never share your social security number, account information, or personal details over the phone or internet, unless you initiated contact with a trusted source.
• Shred! Shred! Shred! Shred receipts, bank statements and unused credit card offers before throwing them away so fraudsters can't piece together your personal information.
• Don't let a so-called 'advisor' pressure you. Never let a new or untrusted 'advisor' pressure you into sharing personal or financial details. They could be a fraudster.
• Check your credit report. Customers should check their credit report at least one a year to ensure no new credit cards or accounts have been opened by criminals in your name
• 'Being aware of warning signs and taking simple steps to safeguard personal information can help prevent someone from being a victim of financial scams,' said Mr. Fitzgerald.

Magyar Bank Employees Donate and Volunteers to United Way
for Stuff the Bus

August 18, 2014 - Magyar Bank participated in the United Way's Stuff the Bus in August. Stuff the Bus is an event to gather school supplies for students in need. In hopes of getting as many employees from Magyar Bank involved with Stuff the Bus as possible, Magyar accepted donations of 5 dollars in exchange for the ability to participate in a dress down day for all employees. The money collected was used to purchase an assortment of school supplies and then donated to the United Way. After the school supplies were purchased with the donated money, a group of Magyar Bank employees helped sort, separate, and count the supplies donated in totality to the United Way from various organizations for this initiative.

Magyar Bank Volunteers Help Restore Home for Coastal Habitat for Humanity

July 21, 2014 - A team of Magyar Bank employees volunteered 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 installing a fence around the property that was severely damaged when the nearby Shark River overflowed its banks during the storm. Even as we approach the two year anniversary of the storm, there are numerous families that are still significantly impacted by the damage that was done to their 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 Holds Food Drive for MCFOODS

June 11, 2014 - Magyar Bank recently completed a food drive for MCFOODS, the Middlesex County organization that supplies food products to food banks and soup kitchens in the area. While the need is always high year-round, summer is particularly challenging for food banks. Children who would regularly receive breakfast and lunch at school will be home during the summer months, resulting in an increase in demand for area food banks.

The food drive was held in conjunction with the Magyar's Community Shred Days. Customers visited Magyar locations with their personal documents which were safely destroyed by a high capacity shredder, and also brought non-perishable food items for the food drive. Magyar employees also contributed items to the food drive.