Magyar Bank-New Brunswick

About

The year was 1922, and New Brunswick, NJ was home to a large and growing Hungarian population. Unfortunately, they were not welcome at most financial institutions in the area, so a group of Hungarian business leaders decided to take matters in their own hands and opened the Magyar Building & Loan Association on August 15, 1922 to support the Hungarian population's banking needs. The main focus was on home ownership, making sure that the Hungarians had an opportunity to achieve their own piece of the American Dream. Over one hundred years later, Magyar Bank continues to follow in the footsteps of our founding fathers, helping families and businesses with the banking services they need, and making a difference in the communities we serve.