2009-11-05 / Entertainment

Tower Bancorp Inc. Announces Dividend

Andrew Samuel, chairman, president and CEO of Tower Bancorp, Inc. announced last week that its board of directors has declared a quarterly cash dividend of $0.28 per share of common stock to shareholders of record on November 13, 2009, and payable on November 30, 2009.

“Our board of directors is pleased to be able to provide our shareholders with this quarterly cash dividend,” said Samuel. “As we celebrate the recent opening of our new branch in Elizabethtown, Pa., and look forward to the anticipated opening of another branch in Lebanon, Pa., later this quarter, we are proud that the financial performance and condition resulting from our disciplined growth strategy continues to support this benefit for our shareholders.”

Tower Bancorp, Inc. is the parent company of Graystone Tower Bank, a full-service community bank operating 26 branch offices in central Pennsylvania and Maryland through two divisions, Graystone Bank and Tower Bank. With total assets of approximately $1.4 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 Bancorp Inc.’s Common Stock is listed on the NASDAQ Global Market under the symbol “TOBC.” More information about Tower Bancorp, Inc. and its divisions can be found on the internet at www.yourtowerbank.com, www.graystonebank.com and www.towerbancorp.com.

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