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United States

Magyar Bancorp Inc (MGYR.OQ)

MGYR.OQ on NASDAQ Stock Exchange Global Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Joseph Lukacs

73 Independent Chairman of the Board of the Company and the Magyar Bank

John Fitzgerald

50 2010 President, Chief Executive Officer, Director

Thomas Lankey

54 Independent Vice Chairman of the Board

Jon Ansari

41 2017 Chief Financial Officer, Executive Vice President, Director of the company and Magyar Bank

Brain Stanley

62 Senior Vice President, Chief Lending Officer of the Company and the Magyar Bank

Andrew Hodulik

58 2005 Independent Director

Martin Lukacs

68 2005 Independent Director

Salvatore Romano

73 2005 Independent Director

Edward Stokes

66 2005 Independent Director

Joseph Yelencsics

60 2005 Independent Director

John Reissner

IR Contact Officer

Biographies

Name Description

Joseph Lukacs

Dr. Joseph J. Lukacs, Jr. DMD is Independent Chairman of the Board of Magyar Bancorp Inc., Dr. Lukacs is retired. Until 2005, Dr. Lukacs was a dentist with Drs. Joseph & Martin Lukacs, P.A. He has been a member of the Board of Directors of Magyar Bank since 1976 and of the Company since its inception in 2005, and currently is the Chairman of the Board of Directors of the Bank and of the Company. Dr. Lukacs is the brother of Martin A. Lukacs, who is also a director. Dr. Lukacs’ years of experience as owner and manager of his own local practice and active role in the community further expands Magyar’s brand in the community and brings valuable business skills that meet the Board’s objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills and other qualities that are beneficial to the Company.

John Fitzgerald

Mr. John S. Fitzgerald is President, Chief Executive Officer, Director of Magyar Bancorp, Inc. since May 27,2010, Prior to this appointment, Mr. Fitzgerald served as the Executive Vice President and Chief Operating Officer of Magyar Bank and of the Company since October 2007. Mr. Fitzgerald joined Magyar Bank in June 2001. Mr. Fitzgerald has over 30 years experience in the banking industry. As Chief Executive Officer, his experience in leading the Company and the Bank and his responsibilities for the strategic direction and management of the Company’s day-to-day operations brings broad industry and specific institutional knowledge and experience to the Board of Directors.

Thomas Lankey

Mr. Thomas Lankey is Independent Vice Chairman of the Board of Magyar Bancorp, Inc. Mr. Lankey is the Senior Vice President of Long Term Care of Solaris Health Systems. Mr. Lankey’s first cousin is Joseph Yelencsics, who is also a director. He has been a director of the Bank since 1994 and of the Company since its inception in 2005. Mr. Lankey is also currently the Mayor of Edison Township. Mr. Lankey’s experience in various senior management roles and expertise in compensation and healthcare management brings to the Board valuable experience and perspective and other qualities that are beneficial to the Company.

Jon Ansari

Mr. Jon R. Ansari is Chief Financial Officer, Executive Vice President and Director of Magyar Bancorp, Inc. and Bank. He joined Magyar Bank in 1999, and currently serves as Executive Vice President and Chief Financial Officer. Mr. Ansari is a graduate of Muhlenberg College where he obtained his Bachelor of Arts degree, and received his MBA from New York University. He is also a graduate of the America’s Community Bankers National School of Banking.

Brain Stanley

Mr. Brain Stanley is Senior Vice President, Chief Lending Officer of Magyar Bancorp Inc., and Magyar Bank, a subsidiary of Magyar Bancorp Inc. Mr. Stanley joined Magyar Bank in April 2005 as Senior Vice President and Commercial Lending Department Head. Prior to joining Magyar Mr. Stanley was a Commercial Lending Team Leader with PNC Bank, and Vice President, Commercial Lending with UnitedTrust Bank. Mr. Stanley has over 35 years of banking experience.

Andrew Hodulik

Mr. Andrew G. Hodulik, CPA is Independent Director of Magyar Bancorp, Inc. since 2005. Mr. Hodulik is a certified public accountant with the accounting firm of Hodulik & Morrison, P.A. He has been a director of the Bank since 1995 and of the Company since its inception in 2005. As a certified public accountant and partner in an accounting firm, Mr. Hodulik brings to the Board of Directors valuable experience in dealing with accounting principles, internal controls and financial reporting rules and regulations.

Martin Lukacs

Dr. Martin A. Lukacs is Independent Director of Magyar Bancorp, Inc. since 2005. Dr. Lukacs is retired. Dr. Lukacs is the brother of Joseph J. Lukacs, the Chairman of the Board of Directors. He has been a director of the Bank since 2000 and of the Company since its inception in 2005. Dr. Lukacs’ years of experience as owner and manager of his own local practice brings valuable leadership that meets the Board’s objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills and other qualities that are beneficial to the Company.

Salvatore Romano

Dr. Salvatore J. Romano, Ph.D. is Independent Director of Magyar Bancorp, Inc. since 2005. Dr. Romano is retired. He was formerly a Vice President with Johnson & Johnson and taught chemistry as a part-time Professor at Rutgers University. He has been a director of the Bank since 2000 and of the Company since its inception in 2005. Dr. Romano’s experience with a Fortune 500 company brings a valuable perspective and strong leadership that meet the Board’s objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills and other qualities that are beneficial to the Company.

Edward Stokes

Mr. Edward C. Stokes, III, is Independent Director of Magyar Bancorp, Inc. since 2005. Mr. Stokes is the managing partner of the law firm of Stokes and Throckmorton. He is also the General Counsel of Magyar Bank. He has been a director of the Bank since 2001 and of the Company since its inception in 2005. As an experienced attorney, Mr. Stokes brings to the Board a unique and valuable perspective on legal and legal-related issues that may arise in the operations of the Bank and the Company.

Joseph Yelencsics

Mr. Joseph A. Yelencsics is Independent Director of Magyar Bancorp, Inc. since 2005. Mr. Yelencsics is a private investor. He was a part owner of Bristol Motors, Inc., an automobile dealership. Mr. Yelencsics is the first cousin of Thomas Lankey, who is also a director. He has been a director of the Bank since 2000 and of the Company since its inception in 2005. Mr. Yelencsics’ experience as owner and operator of his own company brings valuable leadership and business skills that meet the Board’s objective of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills and other qualities that are beneficial to the Company.

John Reissner