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Georgetown Bancorp, Inc. Reports 37% Increase in Profitability for the Three Months Ended March 31, 2013 and Announces Quarterly Dividend

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Georgetown Bancorp, Inc. Reports 37% Increase in Profitability for the Three Months Ended March 31, 2013 and Announces Quarterly Dividend Powered By Docstoc
					
				
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posted:4/26/2013
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Description: GEORGETOWN, Mass.--(BUSINESS WIRE)--Georgetown Bancorp, Inc. (NASDAQ: GTWN) (the “Company”), holding company for Georgetown Bank (the “Bank”), reported net income for the three months ended March 31, 2013 of $209,000, or $.11 per basic and diluted share, compared to net income of $153,000, or $.08 per basic and diluted share, for the three months ended March 31, 2012. Robert E. Balletto, President and Chief Executive Officer, said, “I am pleased to report a 37% increase in net income on a quarte a style='f
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