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| Delaware                                                      |   | 0-51726                              |   | 20-4154978                                          |
|---------------------------------------------------------------|--------|--------------------------------------|--------|-----------------------------------------------------|
| (State                or Other Jurisdiction of Incorporation) |   | (Commission                File No.) |   | (I.R.S.                Employer 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                7.01 | Regulation                FD                Disclosure |
|--------------------------|--------------------------------------------------------|

| 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. |
|-----|-----------|

99.1

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|                                   | MAGYAR                BANCORP, INC. |
|----------------------------------------|-------------------------------------|
|                                   |                                |   |
|                                   |                                |   |
| DATE:                February 27, 2008 | By:                                 |  /s/              Elizabeth E. Hance  |
|                                   |                                | Elizabeth                E. Hance |
|                                   |                                | President                and Chief Executive Officer |

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