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Article: Tower Bancorp, Inc. Announces Quarterly Earnings.(Financial report)

Article from:
Economics & Business Week
Article date:
November 14, 2009
Copyright

Tower Bancorp, Inc. (NASDAQ: TOBC) (the "Company"), the parent company of Graystone Tower Bank (the "Bank"), reported net income of $1.7 million or $0.30 per diluted share for the third quarter of 2009 compared to net income of $711 thousand or $0.26 per diluted share for the same quarter a year ago.

"Following the very successful offering of our common stock during the quarter to support our continuing growth strategy, we are delighted to report another quarter of strong earnings," said Andrew Samuel, chairman, president and CEO. "The results for the third quarter, which marks the second full quarter following the partnership with Graystone Financial Corp., ...

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