June 3, 2010 (FinancialWire) — The Board of Directors of Magyar Bank said that John S. Fitzgerald has been named president and chief executive officer of Magyar Bank and of the bank's holding company, Magyar Bancorp, Inc. Magyar Bancorp (NASDAQ: MGYR).

Fitzgerald had been serving as acting president and CEO of the bank and the company since December 2009, and previously served as EVP and chief operating officer.

He joined Magyar Bank in 2001 when he established the bank's commercial lending department and was named EVP in June 3005. Fitzgerald was named EVP and COO in January 2007.

New Jersey-based Magyar Bank is the principal subsidiary of Magyar Bancorp, and is a $550 million asset community bank. Magyar Bank serves Central New Jersey and operates branch locations in Branchburg, New Brunswick, North Brunswick and South Brunswick, New Jersey.

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