Since 1922, Magyar Bank has been a fixture of Middlesex County, succeeding through a community-forward approach to banking that dates back to its founding in New Brunswick. Originally established as the Magyar Building & Loan Association, the bank was created to help Hungarian immigrants achieve the American Dream of homeownership.

More than a century later, the institution continues to follow in the footsteps of its founders by prioritizing the financial health of local families and businesses. According to Magyar First Vice President and former Middlesex County Regional Chamber of Commerce Board of Directors Chair John Reissner, this identity is more than a label.

“We don’t view ‘community bank’ as a description of the business. We use it as our business strategy,” Reissner said. “Being out and about through Chamber events allows us to make a name for ourselves as a leader in the community. We’re out there supporting, and our employees donate many volunteer hours, which has been a big part of the bank’s growth over the past 20 years.”

Driven by a philosophy of genuine engagement, Magyar Bank operates on the belief that its strength is tied directly to the community it serves. This strategy is fueled by the hands-on dedication of employees who volunteer hundred of hours annually, in addition to the financial contributions the bank makes. You’ll find Magyar employees stocking shelves for local food banks, building homes for Habitat for Humanity and collecting toys for children spending the holidays in the hospital to name just a few of the activities. 

By staying active through local food drives and grant programs, the bank has built a reputation that values relationships over transactions. This presence has not only served the public but has also strengthened the institution itself by fostering deep local roots and providing a name for the bank as a community leader.

“The Middlesex County Chamber has provided the bank with invaluable new relationships,” Reissner said. “By fostering active leadership, the Chamber has created unique opportunities that have directly fueled our growth over the last several years.”

Learn more about Magyar at www.magbank.com.