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): January 19, 2006

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

            Delaware                     0-51726              To Be Applied For
- -----------------------------       ----------------       --------------------
(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 2.02    Results of Operations and Financial Condition
             ---------------------------------------------

     On January 20, 2006, Magyar Bancorp,  Inc. (the "Company"),  issued a press
release  reporting its financial results for the three months ended December 31,
2005. A copy of the press release is attached as Exhibit 99.1 to this report and
is being furnished to the SEC and shall not be deemed filed for any purpose.


Item 8.01    Other Events
             ------------

         On January 19, 2006, the Company issued a press release announcing the
closing date of its reorganization and stock offering for Monday, January 23,
2006 with trading on the Nasdaq National Market to begin on Tuesday, January 24,
2006. A copy of the press release is attached as Exhibit 99.2.


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.

             The following Exhibit is attached as part of this report:


             99.1     Press release dated January 20, 2006, announcing the
                      Company's financial results for the three months
                      ended December 31, 2005.

             99.2     Press release dated January 19, 2006 announcing the
                      date of the closing of the Company's reorganization
                      and stock offering and the first day of trading on
                      Nasdaq National Market.








                                   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: January 23, 2006            By: /s/ Elizabeth E. Hance
                                      -----------------------------------------
                                      Elizabeth E. Hance
                                      President and Chief Executive Officer







                                  EXHIBIT INDEX

Exhibit No.               Description
- ----------                -----------

99.1                      Press release dated January 20, 2006, announcing the
                          Company's financial results for the three months ended
                          December 31, 2005.

99.2                      Press release dated January 19, 2006 announcing the
                          date of the closing of the Company's reorganization
                          and stock offering and the first day of trading on
                          Nasdaq  National Market.