Magyar Bank

Magyar Bank Overview

Magyar Bank, founded in January 1, 1922, is currently an inactive FDIC insured bank. The chartering agency for Magyar Bank is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Magyar Bank has an FDIC insurance membership with the DIF – Deposit Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).

Magyar Bank is assigned uner the New York Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on September 07, 1954.

Address Location and Maps for Magyar Bank

Bank Name Magyar Bank FDIC Bank Location for Magyar Bank
Address 400 Somerset Street
New Brunswick, NJ 8903
County: Middlesex
Bank’s State: New Jersey


Magyar Bank Detailed Information

FDIC Certificate ID 30704
Bank Institution Name Magyar Bank
Is the Bank Active? Inactive
Office of Thrift Supervision Docket ID 5775
Total Assets $537,777,000
Total Deposits $432,380,000
Regulator Federal Deposit Insurance Corporation (FDIC)
Bank Charter Class SB – Savings Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State Charer.
FDIC Bank’s Chartering Agency State
Bank is FDIC Insured No, FDIC insured bank is NOT a member of the Bank Insurance Fund
Bank Insurance Fund DIF – Deposit Insurance Fund
Date of Deposit Insurance September 07, 1954
Change Code 0
Change Code Description No FDIC Insured Bank Changes
OCC Bank Charter Number No FDIC Bank Charter Number
Conservatorship FDIC insured bank is not being operated by government conservatorship.
Inactive Bank that used to be FDIC insured? No
Credit Card Institution No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold.
Insured Commercial Banks Yes
FDIC Supervisory Region New York
Insured Savings Institution No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Middlesex
Office of Thrift Supervision Region Northeast
Assigned Federal Reserve District New York
Oakar Institutions No
FDIC Field Office 0
Insured offices of foreign banks 0

Magyar Bank is insured by the Federal Deposit Insurance Corporation (FDIC)

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