Legacy Banks Announces Plans to Establish Capital District Branch Offices
February 04 2008 - 4:00PM
Business Wire
Legacy Bancorp, Inc. (the �Company�) (NASDAQ:LEGC), the holding
company for Legacy Banks, announced today that Legacy Banks has
applied for federal and state regulatory approval to establish
branch offices at 39 North Pearl Street, Albany, New York and 545
Troy-Schenectady Road, Latham, New York. The Company anticipates
that subject to the receipt of required approvals, the Albany
office would open early in the third quarter of 2008 and the Latham
office in the fourth quarter of 2008. J. Williar Dunlaevy, Chairman
and Chief Executive Officer, commented, �We are pleased to announce
that we are taking steps to execute upon our strategic plan to open
branch offices in the Capital District in addition to our loan
production office in Colonie. We look forward to continuing our
expansion into New York State and to bringing Legacy�s brand of
community banking and premier customer service to this important
market.� Legacy Banks is headquartered in Pittsfield,
Massachusetts. It employs 186 people and has sixteen offices
throughout Berkshire County, Massachusetts and eastern New York, as
well as a Loan Production Office in Colonie, 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
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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