Legacy Bancorp, Inc., the holding company for Legacy Banks, has notified that it has secured preliminary approval of its application for approximately $20 million under the U.S. Treasury Capital Purchase Program.

The Company will have 30 days after receipt of formal approval to decide whether or not to participate in the Program.

Legacy Banks is headquartered in Pittsfield, Massachusetts. It employs 192 people and has 17 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.

The stock of Legacy Bancorp closed on Friday at $10.51 on Nasdaq. The stock had hit a 52-week-high and low of $14.44 and $10.51.