Exhibit 99.1
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                                                          There is a difference.
PRESS RELEASE

                                                            Contact Information:
                                    Joseph W. Kennedy, Senior Vice President/CFO
                                                        Georgetown Bancorp, Inc.
                                                                    978-352-8600
                                                    joe.kennedy@georgetownsb.com

                        Georgetown Bancorp, Inc. Reports
             Increased Profitability for Three And Six Months Ended
                                December 31, 2008

      GEORGETOWN, MASSACHUSETTS, January 27, 2009 -
      Georgetown Bancorp,  Inc. (OTCBB:  GTWN) (the "Company"),  holding company
for  Georgetown  Savings  Bank (the  "Bank"),  reported net income for the three
months ended December 31, 2008 of $107,000, or $.04 per basic and diluted share,
compared  to a net loss of $89,000 or $.03 per basic and  diluted  share for the
three  months ended  December 31, 2007.  The net income for the six months ended
December 31, 2008 was $119,000, or $.05 per basic and diluted share, compared to
a net loss of $227,000  or $.08 per basic and  diluted  share for the six months
ended December 31, 2007.

      Robert E. Balletto,  President and Chief  Executive  Officer,  said,  "The
Company's trend of improving  financial  performance  continued  during our most
recent  quarter.  We  continue  to have  success  growing  our  commercial  loan
portfolio,  while maintaining a very low level of non-performing assets. Our net
interest income after the provision for loan losses has increased 35% during the
first six  months of this  fiscal  year,  compared  to last  year.  While we are
pleased by our improving  profitability,  the board and management realize there
is additional  improvement  to be achieved.  We remain  encouraged by our recent
success  in an  extremely  challenging  market  place  and we  expect  that  our
improving financial performance will continue for the forseeable future."


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                             Georgetown Bancorp Inc.
                             Selected Financial Data

<TABLE>

                                                               At or for the          At or for the
                                                              Six Months Ended         Year Ended
                                                             December 31, 2008        June 30, 2008
                                                           ---------------------    ------------------
                                                          (Dollars in thousands, except per share data)
<S>                                                        <C>                       <C>
Financial Condition Data:
Total assets                                                   $       202,539        $      184,741
Cash and cash equivalents                                                7,442                 5,455
Loans receivable, net                                                  165,767               148,909
Allowance for loan losses                                                1,385                 1,212
Investment securities  (1)                                              17,864                18,977
Deposits                                                               130,714               106,292
Borrowings                                                              52,933                59,873

Total stockholders' equity                                              17,084                16,773
Stockholders' equity to total assets at end of period                    8.44%                  9.08%
Total shares outstanding                                             2,638,387             2,638,387

Asset Quality Data:
Total non-performing loans                                               $ 333        $        1,386
Other real estate owned                                                     57                     -
Total non-performing assets                                                390                 1,386
Non-performing loans to total loans                                       0.20%                 0.92%
Non-performing assets to total assets                                     0.19%                 0.75%
Allowance for loan losses to non-performing loans                       415.92%                87.45%
Allowance for loan losses to total loans                                  0.83%                 0.81%
Loans charged off                                              $            10        $           60
Recoveries on loans previously charged off                                   5                    41

</TABLE>

<TABLE>

                                                                           Three Months Ended               Six Months Ended
                                                                              December 31,                    December 31,
                                                                        2008            2007            2008               2007
                                                                  ---------------  --------------  ---------------   ---------------
                                                                                (Dollars in thousands, except per share data)
<S>                                                               <C>              <C>             <C>               <C>
Operating Data:
Interest and dividend income                                      $       2,674    $       2,374    $       5,214    $        4,652
Interest expense                                                          1,204            1,359            2,372             2,673
                                                                 ---------------  ---------------  ---------------  ----------------
   Net interest income                                                    1,470            1,015            2,842             1,979
Provision for loan losses                                                    91                2              178                 3
                                                                 ---------------  ---------------  ---------------  ----------------
    Net interest income after
        provision for loan losses                                         1,379            1,013            2,664             1,976
Non-interest income                                                         197              189              355               361
Non-interest expense                                                      1,416            1,337            2,821             2,684
                                                                 ---------------  ---------------  ---------------  ----------------
Income (loss) before income taxes                                           160             (135)             198              (347)
Income tax provision (benefit)                                               53              (46)              79              (120)
                                                                 ---------------  ---------------  ---------------  ----------------
   Net income (loss)                                              $         107    $         (89)   $         119    $         (227)
                                                                 ===============  ===============  ===============  ===============

Net income (loss) per share:  basic and diluted                   $        0.04    $       (0.03)   $        0.05    $        (0.08)

Performance Ratios:
Return on assets                                                           0.22%           -0.21%             0.13%           -0.27%
Return on equity                                                           2.52%           -2.04%             1.40%           -2.58%
Interest rate spread                                                       2.87%            2.06%             2.82%            2.03%
Net interest margin                                                        3.22%            2.57%             3.18%            2.54%
Efficiency ratio                                                          84.92%          111.02%            88.21%          114.66%
Non-interest expense to average total assets                               2.92%            3.20%             2.98%            3.24%

(1) Does not include Federal Home Loan Bank Stock

</TABLE>
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About Georgetown Bancorp, Inc.

Georgetown  Bancorp,  Inc. is the holding  company for Georgetown  Savings Bank.
Georgetown  Savings Bank,  with branch offices in Georgetown,  North Andover and
Rowley,  Massachusetts,  is  committed  to making a positive  difference  in the
communities we serve. We strive to deliver  exceptional  personal service at all
times and to help each of our  customers  achieve their unique  financial  goals
through a competitive  array of commercial  and consumer  banking  services.  To
learn more about  Georgetown  Savings Bank, visit  www.georgetownsb.com  or call
978-352-8600.



Forward-looking statements

This news  release  may  contain  certain  forward-looking  statements,  such as
statements  of the  Company's  or the Bank's  plans,  objectives,  expectations,
estimates and  intentions.  Forward-looking  statements may be identified by the
use of words such as "expects,"  "subject,"  "believe," "will," "intends," "will
be" or  "would."  These  statements  are  subject  to  change  based on  various
important factors (some of which are beyond the Company's or the Bank's control)
and actual results may differ materially.  Accordingly, readers should not place
undue reliance on any  forward-looking  statements  (which reflect  management's
analysis of factors only as of the date of which they are given).  These factors
include general  economic  conditions,  trends in interest rates, the ability of
our  borrowers to repay their  loans,  the ability of the Company or the Bank to
effectively  manage its growth,  and results of regulatory  examinations,  among
other factors. The foregoing list of important factors is not exclusive. Readers
should  carefully  review the risk  factors  described  in other  documents  the
Company  files from time to time with the  Securities  and Exchange  Commission,
including Current Reports on Form 8-K.

                                       END