Tower Bancorp Inc. says it will offer up to $50 million in shares as it joins a number of other companies in recent months taking advantage of increased investor interest in the stock market to raise cash.

The bank holding company's assets have not suffered from many of the woes slamming the industry. Its net chargeoff rate for the most recent period was 0.06% of average loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.