Magyar Bancorp, Inc.
400 Somerset Street
New Brunswick, New Jersey 08903
Telephone: (732) 342-7600
Facsimile: (732) 249-5548
November 10, 2005
VIA FACSIMILE AND EDGAR
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(202) 772-9208
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Re: Magyar Bancorp, Inc. (Registration Number 333-128392)
Request for Acceleration of Effectiveness
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Ladies and Gentlemen:
On behalf of Magyar Bancorp, Inc. (the "Company"), we hereby request that
the Company's Registration Statement on Form SB-2 be declared effective on
November 14, 2005, at 2:00 p.m., or as soon thereafter as is practicable.
The Company hereby acknowledges that:
o should the Securities and Exchange Commission (the
"Commission") or the staff, acting pursuant to delegated
authority, declare the filing effective, it does not foreclose
the Commission from taking any action with respect to the
filing;
o the action of the Commission or the staff, acting pursuant to
delegated authority, in declaring the filing effective, does
not relieve the Company from its full responsibility for the
adequacy and accuracy of the disclosure in the filing; and
o the Company may not assert this action as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.
Very truly yours,
/s/ Elizabeth E. Hance
Elizabeth E. Hance
President and Chief Executive Officer