Tower Bancorp, Inc. Announces Quarterly Dividend

HARRISBURG, Pa.--(Business Wire)--
Andrew Samuel, 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 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."

About Tower Bancorp, Inc.

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 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 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).

Tower Bancorp, Inc.
Andrew Samuel
717.724.2800

Copyright Business Wire 2009