UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 12, 2007

MAGYAR BANCORP, INC.
(Exact Name of Registrant as Specified in Charter)

Delaware
0-51726
20-4154978
(State or Other Jurisdiction)
(Commission File No.)
(I.R.S. Employer
of Incorporation)
  
Identification No.)


400 Somerset Street, New Brunswick, New Jersey
08901
(Address of Principal Executive Offices)
(Zip Code)

Registrant's telephone number, including area code: (732) 342-7600



Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
 
 

Item 8.01.
Other Events

Magyar Bank, the wholly owned subsidiary of Magyar Bancorp, Inc., announced on March 12, 2007 the opening of a new office located inside the Child Health Institute in New Brunswick, New Jersey. The office is Magyar Bank’s second in New Brunswick, and fifth location overall.
 
A press release announcing the opening of the new office is attached as Exhibit 99.1 to this report.
 

Item 9.01.
Financial Statements and Exhibits


(a)
Financial statements of businesses acquired. Not Applicable.

(b)
Pro forma financial information. Not Applicable.

(c)
Shell company transactions. Not Applicable

(d)
Exhibits.
   
 
Exhibit No.
Description
     
 
99.1
Press Release dated March 12, 2007 relating to the opening of a new office.









 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 
MAGYAR BANCORP, INC.
     
     
     
DATE: March 15, 2007
By:
  /s/ Elizabeth E. Hance
   
Elizabeth E. Hance
 
  
President and Chief Executive Officer