SEC Company Response from Magyar Bancorp, Inc. (MGYR) (CIK 0001337068) (MGYR) — Nov 14, 2005
Magyar Bancorp, Inc. (MGYR) (CIK 0001337068)
Date: Nov. 14, 2005 · CIK: 0001337068 · Accession: 0001188112-05-001986
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-128392
Referenced dates: November 10, 2005
Letter
VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, D.C. 20549 Attention: Christian Windsor, Esq., Special Counsel
RE: MAGYAR BANCORP, INC. (REGISTRATION NO. 333-128392) REGISTRATION STATEMENT ON FORM SB-2 -----------------------------------
Dear Mr. Windsor:
On behalf of Magyar Bancorp, Inc. (the "Company") and in accordance with Rule 101 of Regulation S-T, we are hereby transmitting Pre-effective Amendment No. 3 to the Company's Registration Statement on Form SB-2 (the "Amended SB-2"). Set forth below are the Company's responses to the Staff's comment letter dated November 10, 2005, a copy of which is included in the courtesy copy of the Amended SB-2 forwarded under cover of this letter. The Company's numbered responses correspond to the Staff's comments in its letter. The Amended SB-2 has been blacklined to reflect changes from Amendment No. 2 to the Company's Registration Statement, filed November 8, 2005.
1. As requested in the comment, the table on page 18 has been revised to include the $2.9 million gain on the sale of the main office as a separate line item.
2. As requested in the comment, the additional discussion linking the trends in the provision for loan losses, the allowance for loan losses, and non-performing loans during the fourth quarter has been added on pages 21 and 22.
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Christian Windsor, Esq. November 14, 2005 Page 2
We trust the foregoing is responsive to the Staff's comments. Please call the undersigned at (202) 274-2011 or John J. Gorman at (202) 274-2001 should you have any questions.
Respectfully,
/s/ Robert B. Pomerenk
Show Raw Text
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[Letterhead of Luse Gorman Pomerenk & Schick, P.C.]
(202) 274-2011 rpomerenk@luselaw.com
November 14, 2005
VIA EDGAR
Securities and Exchange Commission
Division of Corporation Finance
100 F Street, NE
Washington, D.C. 20549
Attention: Christian Windsor, Esq., Special Counsel
RE: MAGYAR BANCORP, INC.
(REGISTRATION NO. 333-128392)
REGISTRATION STATEMENT ON FORM SB-2
-----------------------------------
Dear Mr. Windsor:
On behalf of Magyar Bancorp, Inc. (the "Company") and in accordance with
Rule 101 of Regulation S-T, we are hereby transmitting Pre-effective Amendment
No. 3 to the Company's Registration Statement on Form SB-2 (the "Amended SB-2").
Set forth below are the Company's responses to the Staff's comment letter dated
November 10, 2005, a copy of which is included in the courtesy copy of the
Amended SB-2 forwarded under cover of this letter. The Company's numbered
responses correspond to the Staff's comments in its letter. The Amended SB-2 has
been blacklined to reflect changes from Amendment No. 2 to the Company's
Registration Statement, filed November 8, 2005.
1. As requested in the comment, the table on page 18 has been
revised to include the $2.9 million gain on the sale of the main office as a
separate line item.
2. As requested in the comment, the additional discussion linking
the trends in the provision for loan losses, the allowance for loan losses, and
non-performing loans during the fourth quarter has been added on pages 21 and
22.
<PAGE>
Christian Windsor, Esq.
November 14, 2005
Page 2
We trust the foregoing is responsive to the Staff's comments. Please
call the undersigned at (202) 274-2011 or John J. Gorman at (202) 274-2001
should you have any questions.
Respectfully,
/s/ Robert B. Pomerenk
Robert B. Pomerenk
Enclosures
cc: Kathryn McHale, Esq.
Amanda Roberts, CPA
John P. Nolan, CPA
Elizabeth E. Hance, President and
Chief Executive Officer
John J. Gorman, Esq.
Benjamin Azoff, Esq.
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