 NEW BRUNSWICK, N.J., June 30, 2021 PRNewswire -- Magyar Bancorp, Inc. NASDAQ: MGYR the Company, parent company of Magyar Bank, announced today that, at separate meetings held on June 30, 2021, both the stockholders of the Company and the depositors of Magyar Bank, approved the Plan of Conversion and Reorganization pursuant to which Magyar Bancorp, MHC will convert from the mutual holding company to the stock holding company form of organization. 