**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**WASHINGTON,      D.C. 20549**

**FORM      8-K**

**CURRENT      REPORT**

**MAGYAR      BANCORP, INC.**

| 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) |

| o | Written                communications pursuant to Rule 425 under the Securities Act (17                CFR                230.425) |
|---|------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

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| **Item                8.01** | **Other                Events.** |
|------------------------------|----------------------------------|

| **Item                9.01.** | **Financial                Statements and                Exhibits.** |
|-------------------------------|----------------------------------------------------------------------|

|   | (a) | Not                Applicable. |
|--------|-----|--------------------------------|

|   | (b) | Not                Applicable. |
|--------|-----|--------------------------------|

|   | (c) | Not                Applicable. |
|--------|-----|--------------------------------|

|   | (d) | Exhibits. |
|--------|-----|-----------|

|   | Exhibit                No.   |                                      Description |
|--------|------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |     99.1 | Press                release dated November 19, 2007                                                                                                      |

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**SIGNATURES**

|                                   | **MAGYAR                BANCORP, INC.** |
|----------------------------------------|-----------------------------------------|
|                                   |                                    |   |
|                                   |                                    |   |
|                                   |                                    |   |
| DATE:                November 20, 2007 | By:                                     |                               /s/ Elizabeth E.                Hance                          |
|                                   |                                    | Elizabeth                E. Hance |
|                                   |                                    | President                and Chief Executive Officer |

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**EXHIBIT      INDEX**

| Exhibit                No. | Description                                           |
|----------------------------|-------------------------------------------------------|
|                       |                                                  |
| 99.1                       | Press                release dated November 19, 2007. |