Magyar Bank is a bank based in New Brunswick, New Jersey, established in 1922, with $1.1 billion in total assets across 7 branches. By Trust Grade it ranks 4th of 50 banks we track in New Jersey. Its capital ratio of 11.2% is stronger than 66% of similarly sized banks, versus a New Jersey median of 11.3%. It was profitable over the most recent period, with a 1.23% return on assets. No consumer complaints against Magyar Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Magyar Bank compares to New Jersey peers
How we graded Magyar Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.2% capital ratio)
- Strongly profitable (ROA 1.23%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Magyar Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (7)
- 3050 Highway 27, South Brunswick, NJ 08824
- 582 Milltown Rd, North Brunswick, NJ 08902
- 400 Somerset St, New Brunswick, NJ 08901
- 1000 Route 202 S, Branchburg, NJ 08876
- 1167 Inman Ave, Edison, NJ 08820
- 1199 Amboy Ave, Edison, NJ 08837
- 1990 Washington Valley Road, Martinsville, NJ 08836
Are deposits at Magyar Bank insured?
Yes. Magyar Bank is an FDIC-insured bank (FDIC certificate #30704). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Magyar Bank: frequently asked questions
Is Magyar Bank a good bank?
Magyar Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (11.2% capital ratio); Strongly profitable (ROA 1.23%).
Is Magyar Bank FDIC-insured?
Yes. Magyar Bank is a FDIC-insured bank (FDIC certificate #30704). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Magyar Bank?
Magyar Bank holds $1.1 billion in total assets, ranking 4th of 50 banks we track in New Jersey. It operates 7 branches.
Does Magyar Bank have CFPB complaints?
No CFPB complaints against Magyar Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
