2009-08-06 / Local & State

Tower Bancorp Announces Quarterly Dividend

Andrew Samuel, president and CEO of Tower Bancorp Inc. announced last Thursday that its board of directors has declared a quarterly cash dividend of 28 cents per share of common stock to shareholders of record on August 14, 2009, and payable on August 31, 2009.

"Our board of directors is pleased to be able to provide our shareholders with this quarterly cash dividend," said Samuel. "We are proud that our financial performance and condition supports the continuation of an attractive dividend."

Tower Bancorp is the parent company of Graystone Tower Bank, a full-service community bank operating 25 branch offices in central Pennsylvania and Maryland through two divisions, Graystone Bank and Tower Bank. With total assets of approximately $1.2 billion, the company's unparalleled competitive advantage is its 300 employees and a strong corporate culture paired with a clear vision that has provided customers with uncompromising services and individualized solutions to every financial need.

Tower's common stock is listed on the NASDAQ Global Market under the symbol "TOBC." More information about Tower and its divisions can be found at www.yourtowerbank.com, www.graystonebank.com and www.towerbancorp.com.

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