Legacy Bancorp, Inc. Announces Completion of Stock Repurchase Program

  
    
  
  
    
      Legacy Bancorp, Inc. (the “Company” 
      or “Legacy”) 
      (NASDAQ:LEGC), the holding company for Legacy Banks (the “Bank”) 
      announced today the completion of the Company’s 
      previously announced Stock Repurchase Program (the “Program”). 
      The Program was approved by the Company’s 
      Board of Directors on April 24, 2007. A total of 515,430 shares, or 5% 
      of the Company’s outstanding common shares 
      were purchased at an average cost to the Company of $14.62.
    
    
      Legacy Banks is headquartered in Pittsfield. It employs 178 people and 
      has eleven offices throughout Berkshire County in Great Barrington, Lee, 
      Lenox, North Adams, Otis and Pittsfield, as well as a Loan Production 
      Office in Colonie, New York. On July 25, 2007 Legacy announced that it 
      had entered into a definitive agreement with First Niagara Bank to 
      purchase five branch offices in the New York towns of Whitehall, 
      Middleburgh, East Durham, Greeneville, and Windham. Legacy offers 
      Personal Banking, Mortgage Lending, Commercial Services, Insurance, 
      Investments, Portfolio Management, Credit and Debit Card products, and 
      Online Services. Legacy Banks, through its predecessors City Savings 
      Bank, chartered in 1893, Lenox Savings Bank, chartered 1890, and Lee 
      National Bancorp, chartered 1835 has a 172-year banking history in 
      Berkshire County.
    
    
      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 and the associated conference call. 
      The Company disclaims any intent or obligation to update any 
      forward-looking statements, whether in response to new information, 
      future events or otherwise.