Legacy Bancorp, Inc. Declares Quarterly Cash Dividend of $0.05 per Common Share
09 Marzo 2011 - 11:00PM
Business Wire
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 April 1,
2011, to stockholders of record as of March 20, 2011. 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 185 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. In December 2010 the Company entered
into a definitive merger agreement with Berkshire Hills, Bancorp,
Inc. (NASDAQ: BHLB).
FORWARD LOOKING STATEMENTS
Certain statements herein constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. 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.
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