Exhibit 99.1

EXHIBIT INDEX

99.1 Press release issued by the Company on April 27, 2009.

For Immediate Release

Date: April 27, 2009

Contacts:	J. Williar Dunlaevy	Paul H. Bruce
	Chairman & Chief Executive Officer	Chief Financial Officer
Phone:	413-445-3500	413-445-3513
Email:	bill.dunlaevy@legacybanks.com	paul.bruce@legacybanks.com

Legacy Bancorp, Inc. Reports Results for Quarter Ended March 31, 2009

PITTSFIELD, MASSACHUSETTS (April 27, 2009): Legacy Bancorp, Inc. (the “Company” or “Legacy”) (NASDAQ: LEGC), the holding company for Legacy Banks (the “Bank”), today reported a net loss of $792,000, or $0.10 per diluted share for the quarter ended March 31, 2009, which represents a decrease of $1.2 million from net income of $417,000 in the first quarter of 2008. The decrease was primarily the result of an increase in the loss taken on investments deemed to be other-than-temporarily impaired (OTTI), and an increase in the provision expense for loan losses. The total shares outstanding resulted in a book value per share and tangible book value per share of $14.13 and $12.69, respectively, at March 31, 2009.

J. Williar Dunlaevy, Chief Executive Officer, commented “Our operating loss for the first quarter of 2009 is reflective of the precipitous decline that occurred in the markets and the national economy in the fourth quarter of 2008 and that continues into 2009. A major item in this loss was our determination to take a $1.6 million charge for investments deemed to be other-than-temporarily-impaired. Because we continue to hold these investments, these are non-cash and unrealized losses.

“Our Provision for Loan Losses for the quarter was $728,000, which was an increase of $503,000 compared to the first quarter of 2008. The first quarter of 2009 reflects an entirely different economic environment. The impact from the problems in the housing and construction sectors, rising job losses, and reduced consumer spending manifest themselves throughout the economy and we are starting to see that in the markets that we serve. While our non-performing asset and delinquent loan levels have increased they are still well in line with peers. This provision increases our overall Loan Loss Reserve to 1.05% of loan balances compared with 0.86% a year ago, and represents a more appropriate level in this challenging economic environment.

“Legacy is a very well capitalized institution with capital of $124 million, or 12.8% of assets. While it is disappointing to report a quarterly loss, the loss for the quarter represents 0.6% of capital. Increased loan losses are a factor of life for banks in economic recessions. We are very confident that our team is managing the process well and that both our financial and intellectual capital will see us through the storm.

“On a brighter note, we originated $41 million dollars in loans in the first quarter. This is more than a third greater than a year ago and is an indication that Legacy continues to meet the credit needs in the communities that it serves. It also underscores why it would have been superfluous for us to have subscribed to additional capital in the Treasury’s TARP Capital Purchase Program.

“Over the weekend of March 13^th we completed the acquisition of our newest office in Haydenville, MA. That office opened as Legacy Banks on Monday, March 16^th and has already grown in both deposits and accounts.

“We are mindful that our customers, both depositors and borrowers, have found us to be a safe haven in the storm. We will continue to be that and continue to be focused on our long term strategic goals of achieving profitable growth and creating shareholder value.”

The Company’s balance sheet increased by $23.4 million, or 2.5%, from $944.7 million at December 31, 2008 to $968.1 million at March 31, 2009. Within the overall asset balances, the gross loan portfolio, excluding loans held for sale, decreased by $2.7 million, or 0.4% in the first three months of 2009. While the overall loan balance decreased, commercial real estate and other commercial loans did increase by $11.0 million, or 3.9% to $291.7 million. This increase was offset by a decrease in residential mortgages of $17.8 million, or 5.2% as the majority of the residential mortgage activity was in the 30 year fixed rate category, a product which the Bank currently sells in the secondary market with servicing retained. The investment portfolio increased by $22.7 million or 17.2%, while cash and cash equivalents increased $2.4 million, or 7.2% at March 31, 2009 as compared to year end.

Deposits have increased by $35.6 million, or 5.9%, to $643.7 million from a balance of $608.1 million at December 31, 2008. In March of 2009, the Bank closed on the acquisition of a single, full-service branch office located in Haydenville, Massachusetts, which resulted in the assumption of approximately $9.8 million of deposit liabilities. Deposits increased primarily in money market accounts and certificates of deposit (CDs) which increased $10.6 million, or 17.6% and $15.7 million or 5.8%, respectively. Other, smaller increases in relationship and regular savings were partially offset by a decrease in demand accounts. Advances from the Federal Home Loan Bank of Boston (FHLBB) have decreased by $10.5 million, or 5.3% at March 31, 2009 as compared to the end of 2008 as the increase in overall deposits allowed the Bank to pay off high rate FHLBB borrowings as they matured during the quarter.

Overall stockholders’ equity remained virtually flat during the first quarter of 2009, decreasing by $30,000. The decrease in equity due to the net loss of $792,000 and the declaration of a dividend of $0.05 per share during the first quarter was partially offset by the amortization of unearned compensation and a decrease in the unrealized loss on available-for-sale investment securities.

Overall nonperforming loans were $11.2 million at March 31, 2009, an increase of $3.6 million as compared to year end. Nonperforming loans as a ratio to total assets was 1.16% at March 31, 2009 as compared to 0.80% at December 31, 2008. Legacy is, and always has been, very diligent in evaluating its loan portfolio, especially given the current volatility in the credit markets. The provision for loan losses was $728,000 in the first quarter of 2009, an increase of

$503,000 as compared to the same period in 2008. This increase was a reflection of both the difference in the amount of and mix of loan growth for the period, a continuous review and analysis of current market and economic conditions by management, as well as higher reserves established against certain loans in 2009. The allowance for loan losses to total loans was 1.05% at March 31, 2009, as compared to 0.95% at December 31, 2008 and 0.86% at March 31, 2008.

The Company’s net interest income increased by $619,000, or 9.8% in the first quarter of 2009 as compared to the same period in 2008. The net interest margin (NIM) was 3.18% for the three months ended March 31, 2009, an increase of 18 basis points from the first quarter of 2008, but a decrease of 21 basis points from the fourth quarter of 2008 as interest rate changes have caused the amount of average interest-bearing assets to reprice downward faster than average interest-earning liabilities.

Non-interest income for the first quarter was a net charge of $294,000 a decrease of $1.4 million from the same period of 2008. The primary cause of this decrease was an increase in the amount of writedowns taken on investments deemed to be OTTI. The Bank incurred $1.6 million of OTTI charges on certain equities, bonds and limited partnership investments in 2009 as compared to OTTI charges of $246,000 in the first quarter of 2008. The Bank also had decreases in fees from customers, portfolio management and insurance and investment products, partially offset by an increase on the gain on sale of mortgages.

Operating expenses increased by $413,000, or 6.2% for the first quarter of 2009 as compared to the same period of 2008. The new full-service denovo branches opened in July 2008 in Albany, New York and in January 2009 in Latham, New York, as well as the Haydenville branch acquired in the first quarter of 2009 contributed to increases in occupancy and equipment, data processing, advertising and other general and administrative (G&A) expenses. Additionally, changes in the deposit insurance assessment formula by the Federal Depository Insurance Corporation (FDIC) resulted in an expense of $249,000 in the first quarter of 2009 as compared to $17,000 in the same period of 2008. The Company’s core efficiency ratio (reported efficiency ratio net of effect of non-core adjustments) improved to 83.6% from 87.1% in the first quarter of 2009 compared to the same period in 2008.

CONFERENCE CALL

J. Williar Dunlaevy, Chairman and Chief Executive Officer, and Paul H. Bruce, Chief Financial Officer, will host a conference call at 3:00 p.m. (Eastern Time) on Tuesday April 28, 2009. Persons wishing to access the conference call may do so by dialing 877-407-9205. Replays of the conference call will be available beginning April 28, 2009 at 6:00 p.m. (Eastern Time) through May 5, 2009 at 11:59 p.m. (Eastern Time) by dialing 877-660-6853 and using Account #286 and Conference ID #319099 (both numbers are needed to access the replay).

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.

NON-GAAP FINANCIAL MEASURES

In addition to results presented in accordance with GAAP, this press release contains certain non-GAAP financial measures. We believe that providing certain non-GAAP financial measures, such as core efficiency ratio, provides investors with information useful in understanding our financial performance, our performance trends and financial position. A reconciliation of non-GAAP to GAAP financial measures is included in the accompanying financial tables, elsewhere in this report.

LEGACY BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)

	March 31,			December 31,
	2009			2008
	(Unaudited)
ASSETS
Cash and due from banks	$	10,610		$	13,245
Short-term investments		25,406			20,350
Cash and cash equivalents		36,016			33,595
Securities — Available for sale		155,091			132,357
Securities — Held to maturity		97			97
Restricted equity securities and other investments — at cost		20,215			20,185
Loans held for sale		1,095			—
Loans, net of allowance for loan losses of $7,330 in 2009 and $6,642 in 2008		691,755			695,264
Premises and equipment, net		20,124			19,770
Accrued interest receivable		3,465			3,633
Goodwill, net		9,795			9,687
Net deferred tax asset		10,104			10,023
Bank-owned life insurance		15,724			15,551
Other assets		4,614			4,495
	$	968,095		$	944,657
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits :
Noninterest-bearing	$	65,930		$	66,545
Interest-bearing		577,744			541,543
Total deposits		643,674			608,088
Securities sold under agreements to repurchase		5,214			5,238
Federal Home Loan Bank advances		187,397			197,898
Mortgagors’ escrow accounts		1,076			1,015
Accrued expenses and other liabilities		6,622			8,276
Total liabilities		843,983			820,515
Commitments and contingencies
Stockholders’ Equity
Preferred Stock ($.01 par value, 10,000,000 shares authorized, none issued or outstanding)		—			—
Common Stock ($.01 par value, 40,000,000 shares authorized and 10,308,600 issued at March 31, 2009 and December 31, 2008; 8,781,912 outstanding at March 31, 2009 and December 31, 2008)		103			103
Additional paid-in-capital		102,541			102,475
Unearned Compensation — ESOP		(7,872	)		(8,055	)
Unearned Compensation — Equity Incentive Plan		(2,517	)		(2,727	)
Retained earnings		57,339			58,534
Accumulated other comprehensive income (loss)		(4,016	)		(4,722	)
Treasury stock, at cost (1,526,688 shares at March 31, 2009 and December 31, 2008)		(21,466	)		(21,466	)
Total stockholders’ equity		124,112			124,142
	$	968,095		$	944,657

LEGACY BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(Dollars in thousands, except per share amounts)

	Three Months Ended March 31,
	2009			2008
Interest and dividend income:
Loans	$	10,033		$	10,524
Securities:
Taxable		1,746			1,945
Tax-Exempt		154			116
Short-term investments		4			165
Total interest and dividend income		11,937			12,750
Interest expense:
Deposits		3,005			4,515
Federal Home Loan Bank advances		1,954			1,868
Other borrowed funds		19			27
Total interest expense		4,978			6,410
Net interest income		6,959			6,340
Provision for loan losses		728			225
Net interest income after provision for loan losses		6,231			6,115
Non-interest income:
Customer service fees		680			746
Portfolio management fees		221			279
Income from bank owned life insurance		172			133
Insurance, annuities and mutual fund fees		22			65
Gain (loss) on sales of securities, net		(19	)		87
Loss on impairment of securities		(1,581	)		(246	)
Gain on sales of loans, net		199			65
Miscellaneous		12			23
Total non-interest income		(294	)		1,152
Non-interest expenses:
Salaries and employee benefits		3,444			3,575
Occupancy and equipment		1,049			912
Data processing		664			636
Professional fees		245			167
Advertising		326			255
Other general and administrative		1,349			1,119
Total non-interest expenses		7,077			6,664
Income (loss) before income taxes		(1,140	)		603
Provision (benefit) for income taxes		(348	)		186
Net income (loss)	$	(792	)	$	417
Earnings (loss) per share
Basic	$	(0.10	)	$	0.05
Diluted	$	(0.10	)	$	0.05
Weighted average shares outstanding
Basic		7,977,953			8,280,741
Diluted		7,977,953			8,308,031

LEGACY BANCORP, INC. AND SUBSIDIARIES
SELECTED CONSOLIDATED FINANCIAL HIGHLIGHTS AND OTHER DATA
(Dollars in thousands except per share data)

	Three Months Ended March 31,
	2009			2008
Financial Highlights:
Net interest income	$	6,959		$	6,340
Net income (loss)		(792	)		417
Per share data:
Earnings (loss) — basic		(0.10	)		0.05
Earnings (loss) — diluted		(0.10	)		0.05
Dividends declared		0.05			0.05
Book value per share — end of period		14.13			14.41
Tangible book value per share — end of period		12.69			13.01
Ratios and Other Information:
Return (loss) on average assets		(0.33	)%		0.18	%
Return (loss) on average equity		(2.53	)%		1.25	%
Net interest rate spread (1)		2.81	%		2.43	%
Net interest margin (2)		3.18	%		3.00	%
Efficiency ratio (3)		83.6	%		87.1	%
Average interest-earning assets to average interest-bearing liabilities		116.45	%		118.68	%
At period end:
Stockholders’ equity	$	124,112		$	131,218
Total assets		968,095			912,324
Equity to total assets		12.8	%		14.4	%
Non-performing assets to total assets		1.16	%		0.84	%
Non-performing loans to total loans		1.61	%		1.16	%
Allowance for loan losses to non-performing loans		65.42	%		73.79	%
Allowance for loan losses to total loans		1.05	%		0.86	%
Number of full service offices		19			16

(1)	The net interest rate spread represents the difference between the weighted-average yield on interest-earning assets and the weighted-average cost of interest-bearing liabilities for the period.
(2)	The net interest margin represents net interest income as a percent of average interest-earning assets for the period.
(3)	The efficiency ratio represents non-interest expense for the period minus expenses related to the amortization of intangible assets divided by the sum of net interest income (before the loan loss provision) plus non-interest income (excluding net gains (losses) on the sale or impairment of securities).

Analysis of Net Interest Margin — First Quarter:

	Three Months Ended March 31, 2009							Three Months Ended March 31, 2008
	Average							Average
	Outstanding							Outstanding
	Balance		Interest		Yield/ Rate(1)			Balance		Interest		Yield/ Rate(1)
					(Dollars in thousands)
Interest-earning assets:
Loans — Net (2)	$	694,359	$	10,033		5.78	%	$	655,712	$	10,524		6.42	%
Investment securities		158,293		1,900		4.80	%		169,087		2,061		4.88	%
Short-term investments		22,121		4		0.07	%		20,998		165		3.14	%
Total interest-earning assets		874,773		11,937		5.46	%		845,797		12,750		6.03	%
Non-interest-earning assets		73,681							66,331
Total assets	$	948,454						$	912,128
Interest-bearing liabilities:
Savings deposits	$	50,142		48		0.38	%	$	51,671		53		0.41	%
Relationship Savings		123,614		478		1.55	%		116,765		811		2.78	%
Money market		57,454		199		1.39	%		61,535		497		3.23	%
NOW accounts		41,486		49		0.47	%		40,031		59		0.59	%
Certificates of deposits		279,579		2,231		3.19	%		274,266		3,095		4.51	%
Total interest-bearing deposits		552,275		3,005		2.18	%		544,268		4,515		3.32	%
Borrowed Funds		198,926		1,973		3.97	%		168,375		1,895		4.50	%
Total interest-bearing liabilities		751,201		4,978		2.65	%		712,643		6,410		3.60	%
Non-interest-bearing liabilities		71,839							65,803
Total liabilities		823,040							778,446
Equity		125,414							133,682
Total liabilities and equity	$	948,454						$	912,128
Net interest income			$	6,959						$	6,340
Net interest rate spread (3)						2.81	%						2.43	%
Net interest-earning assets (4)	$	123,572						$	133,154
Net interest margin (5)						3.18	%						3.00	%
Average interest-earning assets to interest-bearing liabilities						116.45	%						118.68	%

(1)	Yields and rates for the three months ended March 31, 2009 and 2008 are annualized.
(2)	Includes loans held for sale.
(3)	Net interest rate spread represents the difference between the yield on total average interest-earning assets and the cost of total average interest-bearing liabilities for the three months ended March 31, 2009 and 2008.
(4)	Net interest-earning assets represents total interest-earning assets less total interest-bearing liabilities.
(5)	Net interest margin represents net interest income divided by average total interest-earning assets.

Loan Portfolio Composition:

	At March 31, 2009						At December 31, 2008
	Amount			Percent			Amount			Percent
				(Dollars in Thousands)
Mortgage loans on real estate:
Residential	$	326,415			46.79	%	$	344,235			49.15	%
Commercial		255,253			36.59			246,374			35.18
Home equity		67,262			9.64			63,138			9.01
		648,930			93.02			653,747			93.34
Other loans:
Commercial		36,408			5.22			34,242			4.89
Consumer and other		12,295			1.76			12,386			1.77
		48,703			6.98			46,628			6.66
Total loans		697,633			100.00	%		700,375			100.00	%
Other Items:
Net deferred loan costs		1,452						1,531
Allowance for loan losses		(7,330	)					(6,642	)
Total Loans, net	$	691,755					$	695,264

Securities and Other Investment Portfolio Composition:

	At March 31, 2009				At December 31, 2008
	Amortized				Amortized
	Cost		Fair Value		Cost		Fair Value
	(Dollars in Thousands)
Securities available for sale:
Government-sponsored enterprises	$	56,397	$	56,730	$	36,459	$	36,832
Municipal bonds		16,048		15,893		15,876		15,632
Corporate bonds and other obligations		1,478		1,425		363		363
Mortgage-backed securities		81,408		76,110		80,267		73,986
Total debt securities		155,331		150,158		132,965		126,813
Common stock		5,624		4,933		6,314		5,544
Total securities available for sale		160,955		155,091		139,279		132,357
Securities held to maturity:
Other bonds and obligations		97		97		97		97
Restricted equity securities and other investments:
Federal Home Loan Bank of Boston stock		10,932		10,932		10,932		10,932
Savings Bank Life Insurance		1,709		1,709		1,709		1,709
Other investments		7,574		7,574		7,544		7,544
Total restricted equity securities and other investments		20,215		20,215		20,185		20,185
Total securities	$	181,267	$	175,403	$	159,561	$	152,639

Deposit Accounts Composition:

	At March 31, 2009					At December 31, 2008
	Balance		Percent			Balance		Percent
	(Dollars in Thousands)
Deposit type:
Demand	$	65,930		10.24	%	$	66,545		10.94	%
Regular savings		52,312		8.13			46,946		7.72
Relationship savings		124,465		19.34			121,376		19.96
Money market deposits		70,788		11.00			60,174		9.89
NOW deposits		44,645		6.94			43,206		7.11
Total transaction accounts		358,140		55.64			338,247		55.62
Certificates of deposit		285,534		44.36			269,841		44.38
Total deposits	$	643,674		100.00	%	$	608,088		100.00	%

Reconciliation of Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company’s management uses these non-GAAP measures in its analysis of the Company’s performance. These measures typically adjust GAAP performance measures to exclude significant gains or losses that are expected to be non-recurring and to exclude the effects of amortization of intangible assets (in the case of the efficiency ratio). Because these items and their impact on the Company’s performance are difficult to predict, management believes that presentations of financial measures excluding the impact of these items provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s core businesses. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

	Three Months Ended March 31,
	2009			2008
Net Income (loss) (GAAP)	$	(792	)	$	417
Less: (Gain) loss on sale or impairment of securities, net		1,600			159
Adjustment: Income taxes related to non- recurring adjustments noted above		(488	)		(49	)
Net Income (Core)	$	320		$	527
Efficiency Ratio (As Reported)		83.6	%		87.1	%
Effect of gain or loss on sale or impairment of securities, net		—			—
Efficiency Ratio (Core)		83.6	%		87.1	%