Company Website: http://www.rigrodskylong.com
WILMINGTON, Del. -- (Business Wire)

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Tower Bancorp, Inc. (“Tower Bancorp” or the “Company”) (Nasdaq: TOBC) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Susquehanna Bancshares, Inc. (“Susquehanna”) in a transaction with an approximate value of $343 million.

Click here to learn more and how to join the action: http://investigations.rigrodskylong.com/towerbancorpinc-tobc/.

Under the proposed agreement, Tower Bancorp shareholders will have the option of receiving either 3.4696 shares of Susquehanna common stock or $28.00 in cash for each share of Tower Bancorp common stock they own, with $88 million of the aggregate consideration being paid in cash.

The investigation concerns whether Tower Bancorp’s board of directors adequately shopped the Company to obtain the best price possible for Tower Bancorp’s shareholders before entering into the agreement with Susquehanna. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $31.50 per share for Tower Bancorp stock.

If you own the common stock of Tower Bancorp and purchased your shares before June 20, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky, Esquire
Noah R. Wortman, Case Development Director
888-969-4242
302-295-5310
Fax: 302-654-9430
info@rigrodskylong.com
http://www.rigrodskylong.com

Source: Rigrodsky & Long, P.A.