2009-01-22 / Local & State

Tower Bancorp Declares Quarterly Dividend

The board of directors of Tower Bancorp Inc. declared a first-quarter cash dividend of 28 cents per share at its January 14, 2009, meeting. The dividend will be paid on February 16, 2009, to shareholders of record as of February 2, 2009.

Jeff Shank, president and CEO, commented "The First National Bank of Greencastle is in its final preparations to join in a partnership with Graystone Bank, located in Harrisburg, Pa. If approved by regulators and shareholders, The First National Bank of Greencastle will join with Graystone Bank to become Graystone Tower Bank. The First National Bank of Greencastle will change its name to Tower Bank, a division of Graystone Tower Bank and Graystone Bank will change their name to Graystone Bank, a division of Graystone Tower Bank.

Tower Bancorp Inc. is the parent holding company for The First National Bank of Greencastle, providing 16 office locations and 22 ATMs throughout Franklin and Fulton counties, Pa. and Washington County, Md.

Tower Bancorp Inc., stock is quoted and traded under the symbol TOBC.

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