Attached files
| file | filename |
|---|---|
| EX-99.6 - EX-99.6 - Magyar Bancorp, Inc. | d132199dex996.htm |
| EX-99.3 - EX-99.3 - Magyar Bancorp, Inc. | d132199dex993.htm |
| EX-99.2 - EX-99.2 - Magyar Bancorp, Inc. | d132199dex992.htm |
| EX-99.1 - EX-99.1 - Magyar Bancorp, Inc. | d132199dex991.htm |
| EX-23.6 - EX-23.6 - Magyar Bancorp, Inc. | d132199dex236.htm |
| EX-23.2 - EX-23.2 - Magyar Bancorp, Inc. | d132199dex232.htm |
| EX-10.14 - EX-10.14 - Magyar Bancorp, Inc. | d132199dex1014.htm |
| EX-10.11 - EX-10.11 - Magyar Bancorp, Inc. | d132199dex1011.htm |
| EX-10.10 - EX-10.10 - Magyar Bancorp, Inc. | d132199dex1010.htm |
| EX-8.2 - EX-8.2 - Magyar Bancorp, Inc. | d132199dex82.htm |
| EX-8.1 - EX-8.1 - Magyar Bancorp, Inc. | d132199dex81.htm |
| EX-3.3 - EX-3.3 - Magyar Bancorp, Inc. | d132199dex33.htm |
| EX-2 - EX-2 - Magyar Bancorp, Inc. | d132199dex2.htm |
| EX-1.2 - EX-1.2 - Magyar Bancorp, Inc. | d132199dex12.htm |
| EX-1.1 - EX-1.1 - Magyar Bancorp, Inc. | d132199dex11.htm |
| S-1 - S-1 - Magyar Bancorp, Inc. | d132199ds1.htm |
Exhibit 5
LUSE GORMAN, PC
ATTORNEYS AT LAW
5335 Wisconsin Avenue, NW, Suite 780
Washington, D.C. 20015
Telephone (202) 274-2000
Facsimile (202) 362-2902
www.luselaw.com
WRITER’S DIRECT DIAL NUMBER
(202) 274-2000
March 15, 2021
Board of Directors
Magyar Bancorp, Inc.
400 Somerset Street
New Brunswick, New Jersey 08901
| Re: | Magyar Bancorp, Inc. |
Common Stock, Par Value $0.01 Per Share
Members of the Board:
You have requested the opinion of this firm as to certain matters in connection with the offer and sale of the shares of common stock, par value $0.01 per share (“Common Stock”), of Magyar Bancorp, Inc. (the “Company”). We have reviewed the Company’s Certificate of Incorporation and its Registration Statement on Form S-1 (the “Form S-1”), the Plan of Conversion and Reorganization of Magyar Bancorp, MHC (the “Plan”), as well as applicable statutes and regulations governing the Company and the offer and sale of the Common Stock. The opinion expressed below is limited to the laws of the State of Delaware and Federal law.
We are of the opinion that upon the declaration of effectiveness of the Form S-1, the Common Stock, when issued and sold in accordance with the Plan, will be legally issued, fully paid and non-assessable.
We hereby consent to our firm being referenced under the caption “Legal Matters” and to the filing of this opinion as an exhibit to the Form S-1.
| Very truly yours, |
| /s/ LUSE GORMAN, PC |
| LUSE GORMAN, PC |