Attached files
file | filename |
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8-K - FORM 8-K - Legacy Bancorp, Inc. | b83722e8vk.htm |
Exhibit 99.1
For Immediate Release
Date: December 8, 2010
Contacts:
|
J. Williar Dunlaevy | Paul H. Bruce | ||
Chairman & Chief Executive Officer | Chief Financial Officer & SVP | |||
Phone:
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413-445-3500 | 413-445-3513 | ||
Email:
|
bill.dunlaevy@legacybanks.com | paul.bruce@legacybanks.com |
Legacy Bancorp, Inc. Declares Quarterly Cash Dividend of $0.05 per Common Share
PITTSFIELD, MASSACHUSETTS (December 8, 2010): Legacy Bancorp, Inc. (the Company or Legacy)
(NASDAQ: LEGC), the holding company for Legacy Banks (the Bank), announced today that its Board
of Directors has declared a cash dividend of $0.05 per common share. The dividend will be paid on
or about January 2, 2011, to stockholders of record as of December 20, 2010. Chairman and CEO J.
Williar Dunlaevy stated, We are pleased that the Board of Directors approved this most recent
dividend for our shareholders. The Board determines dividends based on its review of earnings,
financial condition, capital and other regulatory and financial considerations.
Legacy Banks is headquartered in Pittsfield, Massachusetts. It employs approximately 189 people and
has nineteen offices throughout Western Massachusetts and Eastern New York. Legacy offers Personal
Banking, Mortgage Lending, Commercial Services, Insurance, Investments, Portfolio Management,
Credit and Debit Card products, and Online Services.
FORWARD LOOKING STATEMENTS
Certain statements herein constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995and actual results may differ from those contemplated by
these statements. These statements are based on the beliefs and expectations of management, as
well as the assumptions made using information currently available to management. Since these
statements reflect the views of management concerning future events, these statements involve
risks, uncertainties and assumptions. As a result, actual results may differ from those
contemplated by these statements. Forward-looking statements can be identified by the fact that
they do not relate strictly to historical or current facts. They often include words like
believe, expect, anticipate, estimate, and intend or future or conditional verbs such as
will, would, should, could or may. Certain factors that could cause actual results to
differ materially from expected results include changes in the interest rate environment, changes
in general economic conditions, legislative and regulatory changes that adversely affect the
businesses in which Legacy Bancorp is engaged and changes in the securities market. Readers are
cautioned not to place undue reliance on these forward-looking statements, which speak only as of
the date of this release. The Company disclaims any intent or obligation to update any
forward-looking statements, whether in response to new information, future events or otherwise.