Exhibit 99

 

FOR IMMEDIATE RELEASE

 

FOR FURTHER INFORMATION:

 

 

Franklin T. Klink, III

 

 

Chief Financial Officer

 

 

(717) 597-2137

 

TOWER BANCORP, INC. REPORTS EARNINGS

 

GREENCASTLE, PA - January 10, 2008 – Tower Bancorp, Inc., parent company of The First National Bank of Greencastle, recently reported earnings of $1,536,424, or earnings per share of $.66, for the quarter ended December 31, 2007.  For the year 2007, net income was $7,036,594 or $3.00 per share.  Net income for 2007 increased $904,439 or 15% over 2006 net income.  Return on average tangible equity and return on average tangible assets were 10.70% and 1.28%, respectively, for the year ending December 31, 2007.

 

At year-end, total assets stood at $561,636,000, an increase of 4% or $19,469,000, over year-end totals for 2006.  Total loans were $398,467,000, an increase of $8,054,000 or 2%, while deposits at year-end totaled $439,930,000, an increase of $30,095,000 or 7%.  The above figures are based on unaudited financial statements.

 

Jeff B. Shank, President and CEO stated. “I want to thank all our employees for the effort they make and service they provide our customers and shareholders.  We value those relationships - our bank wouldn’t exist without them.”  The First National Bank of Greencastle was recently named ‘Community Partner of the Year’ by Wilson College, Chambersburg, PA.

 

The First National Bank of Greencastle is a premier relationship-based banking franchise in Franklin and Fulton County, PA and Washington County, MD.  The Bank provides a full range of both business and retail banking and trust and investment management services through 16 office locations.

 

This press release may contain forward-looking statements as defined by 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 factors.  Such factors include the possibility that increased demand or prices for the Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in Tower Bancorp, Inc.’s filings with the Securities and Exchange Commission.

 


The following information was filed by Tower Bancorp Inc (TOBC) on Thursday, January 10, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Tower Bancorp Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Tower Bancorp Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account