Tower Bancorp, Inc. Announces Quarterly Dividend

October 29, 2009 9:00 AM EDT

HARRISBURG, Pa.--(BUSINESS WIRE)-- Andrew Samuel, chairman, president and CEO of Tower Bancorp, Inc. (NASDAQ: TOBC) announced today 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, Pennsylvania and look forward to the anticipated opening of another branch in Lebanon, Pennsylvania 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."

About Tower Bancorp, Inc.

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.

Safe Harbor for Forward-Looking Statements

This document may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the company's business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; inability to achieve merger-related synergies; difficulties in integrating distinct business operations, including information technology difficulties; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Tower Bancorp, Inc.'s filings with the Securities and Exchange Commission (SEC).

    Source: Tower Bancorp, Inc.

Related Categories

Press Releases

Stocks Mentioned

Related Entities

• Dividend

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?