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BBT vs MGYR

Beacon Financial Corporation and Magyar Bancorp, Inc.

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Beacon Financial Corporation

Beacon Financial Corporation operates as the bank holding company for Beacon Bank & Trust that provides various banking solutions in New England and New York, the United States. The company accepts various deposit products. It also provides commercial, asset-based lending, retail, consumer, and residential products and services. In addition, the company offers equipment financing, SBA lending, and private wealth services, as well as cash management, and online and mobile banking services. Further, it is involved in the securities investment activities. The company is headquartered in Boston, Massachusetts.

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Magyar Bancorp, Inc.

Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company provides one-to four-family residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.

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