2009-08-27 / Local & State

Tower Bancorp Apponts New Board Chairman

Tower Bancorp Inc. announced last week that its board of directors has unanimously appointed Andrew Samuel, president and CEO of Tower Bancorp Inc., to the additional role of chairman of the board, effective upon the previously announced retirement of current Chairman Kermit Hicks on August 31, 2009. With the announced change, Samuel will assume the title of chairman, president and CEO of Tower Bancorp Inc.

"It is a privilege to succeed Kermit Hicks, who has dedicated many years of service to our company. I am very enthusiastic about taking on the additional role of chairman of the board at Tower Bancorp Inc.," said Samuel. "Tower Bancorp Inc. has a strong and proven board of directors. I am looking forward to working in conjunction with our directors to continue to build the future of the organization, and take advantage of the ever growing opportunities in the south-central Pennsylvania and Maryland markets."

Samuel previously served as the founding chairman, president and CEO of Graystone Financial Corp. prior to Graystone's merger with Tower Bancorp, Inc. on March 31, 2009.

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