HARRISBURG, Pa., April 26, 2011 (GLOBE NEWSWIRE) -- Tower Bancorp, Inc. (Nasdaq:TOBC) announced today the naming of Mark Ritter to the position of 1N Bank division president and CEO of Graystone Wealth Management. In this capacity, Ritter will be responsible for leading the 1N Bank division of Graystone Tower Bank, as well as the strategic and operational leadership of the Graystone Wealth Management division.
"We are delighted to have someone of Mark's caliber join our senior management team," said Jeff Renninger, president and chief operating officer of Tower Bancorp, Inc. "The broad-based knowledge, leadership, and positive energy that Mark has demonstrated throughout his career make him an excellent choice to assume this position."
A 24-year veteran in the financial services industry, both in the banking and wealth sectors, Ritter was most recently with Metro Bank where he served as the executive vice president and chief operating officer. Prior to that, he worked as the president and chief executive officer for Sterling Financial Trust Company, an affiliate of Sterling Financial Corp. He received his B.A. in International Economics from George Washington University. He is also a graduate of the American Bankers Association National Graduate Trust School and holds the designation of a Certified Trust and Financial Advisor.
Ritter serves as a Board member on the Boards of the Modern Transit Partnership and the PA Dutch Council Boy Scouts of America. He is also involved in a number of other organizations, including the Lancaster Chamber, Pennsylvania Bankers Association, and St. Leo the Great Church. He currently resides in Landisville, Pennsylvania with his family.
About Tower Bancorp, Inc.
Tower Bancorp, Inc. is the parent company of Graystone Tower Bank, a full-service community bank operating 49 branch offices in central and southeastern Pennsylvania and Maryland through three divisions, Graystone Bank, Tower Bank, and 1N Bank. With total assets of approximately $2.7 billion, Tower Bancorp's unparalleled competitive advantage is its more than 550 employees and a strong corporate culture paired with a clear vision that provides customers with uncompromising service and individualized solutions to every financial need. Tower Bancorp's common stock is listed on the NASDAQ Global Select Market under the symbol "TOBC." Wealth Management and Trust Services are provided through Graystone Wealth Management, a division of Graystone Tower Bank. More information about Tower Bancorp and its divisions can be found at www.yourtowerbank.com, www.graystonebank.com, www.1nbank.com, and www.towerbancorp.com.
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