Tower Bancorp (TOBC) Announces Chairman's Retirement

July 2, 2009 4:33 PM EDT

Tower Bancorp, Inc. (NASDAQ: TOBC) announced today that Kermit Hicks, chairman of the Board of Directors of Tower Bancorp, Inc. has decided to retire as a director of the Company and its wholly-owned subsidiary, Graystone Tower Bank, effective August 31, 2009, after more than 40 years of service to the organization.

Tower Bancorp, Inc. is the parent company of Graystone Tower Bank, a full-service community bank operating 25 branch offices in central Pennsylvania and Maryland.[SM]

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