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Legacy Bancorp (LEGC) Announces 5% Stock Buyback; Declares $0.05/Share Qtr. Dividend

March 4, 2009 5:11 PM EST
LEGC Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Legacy Bancorp, Inc. (NASDAQ: LEGC) announced today that its Board of Directors authorized a stock repurchase program for the purchase of up to 439,095 shares of the Company’s common stock or approximately 5% of its outstanding common stock.

The Company also announced that its Board of Directors has declared a cash dividend of $0.05 per common share. The dividend will be paid on April 1, 2009, to stockholders of record as of March 20, 2009.

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