Magyar Bank
- Bank Name:Magyar Bank
- Bank Class:Stock and Mutual Savings Bank
- Member FDIC:Certificate #30704
- Routing Number:ACH & Wire - 221270910
- Locations:7 Branches in New Jersey
- Web Address:magbank.com
Magyar Bank Information
Magyar Bank was founded in January 1922 and is based in New Brunswick, New Jersey. The bank operates as a subsidiary of Magyar Bancorp, Mhc. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Magyar Bank is classified as a FDIC insured stock and mutual savings bank. Magyar Bank is a FDIC-insured bank with certificate number of 30704. The assigned Fed RSSD ID of Magyar Bank is 548771.
Magyar Bank currently operates with 7 branches located in New Jersey. Magyar Bank is the 40th largest bank in New Jersey. The bank does not have any offices outside New Jersey.
A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Magyar Bank is 221270910. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.
The full address of bank headquarters is 400 Somerset Street, New Brunswick, NJ 08901. You can visit the official website of the bank at https://www.magbank.com for more information and online banking service if available. For a comprehensive list of Magyar Bank branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.
Map Of Branch Locations
Bank Offices In New Jersey
History Of Magyar Bank
Magyar Bank is a financial institution that was established on January 1, 1922, originally under the name Magyar Savings and Loan Association of New Brunswick, New Jersey. The institution underwent several name and organizational type changes throughout its history. On December 16, 1993, it transformed into Magyar Savings Bank and changed its organization type to a mutual savings bank. The bank rebranded to Magyar Bank on February 12, 2005, and subsequently relocated its main office to 400 Somerset Street, New Brunswick, New Jersey, on September 19, 2005. Finally, on January 23, 2006, Magyar Bank changed its organization type to a stock savings bank, marking the latest significant change in its operational structure.
Below is a list of some important events in bank's history, including mergers and acquisitions.
01-23-2006Changed Organization Type to Stock Savings Bank.
09-19-2005Main Office moved to 400 Somerset Street, New Brunswick, NJ 08903.
02-12-2005Changed Institution Name to Magyar Bank.
12-16-1993Changed Institution Name to Magyar Savings Bank.
12-16-1993Changed Organization Type to Mutual Savings Bank.
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