On July 14, 2021, Magyar Bancorp, Inc., New Brunswick, New Jersey, the holding company for Magyar Bank, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 3,910,000 shares of common stock were sold in the subscription offering at a price of $10.00 per share. The Company’s common stock trades on the Nasdaq Global Market under the symbol “MGYR.”
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