Magyar Bancorp, Inc. Appoints Jon R. Ansari as Executive Vice President, Chief Financial Officer
June 22, 2012 at 01:35 am IST
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Magyar Bancorp, Inc. has announced that Jon R. Ansari, Pennington, NJ has been named Executive Vice President, Chief Financial Officer. Mr. Ansari has been with Magyar Bank for thirteen years and most recently was Senior Vice President, Chief Financial Officer.
Magyar Bancorp, Inc. is a bank holding company of Magyar Bank (the Bank). It acts as an independent, community, financial services provider, and offers traditional banking and related financial services to individual, business, and government customers. It offers commercial and retail financial services, including the taking of time, savings, and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The Bank invests its deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, small business administration (SBA) loans, construction loans and investment securities. It originates consumer loans, which consist primarily of secured demand loans. Its primary sources of funds are deposits, borrowings and principal and interest payments on loans and securities.
MAGYAR BANCORP, INC. 
