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Business Briefs

April 29, 2007

Greencastle Eye Care

GREENCASTLE, Pa. - Office assistants and dispensing opticians from Greencastle Eye Care attended the International Vision Expo East at the Jacob Javits Center in New York in March.

The staff attended seminars and training sessions and saw the latest in eyewear and eye care.

JLG Industries

McCONNELLSBURG, Pa. - JLG Industries Inc., a subsidiary of Oshkosh Truck Corp., has received a delivery order valued at $39.5 million for Atlas telehandlers from the U.S. Army Tank-automotive Armaments Command (TACOM).

The order is in addition to a $23 million contract awarded in August 2006, bringing the total value to $62.5 million.

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The Atlas telehandlers will be delivered for deployment to the U.S. Army Reserve, U.S. National Guard, and Foreign Military Sales customers. The Atlas telehandlers transport a variety of materials through water, sand, mud and other rugged terrain that might be encountered by troops.

TSOD

MYERSVILLE, Md. - Training Services On Demand has petitioned the Federal Supply Service of the General Services Administration for a multiple award schedule contract.

The goal is to provide TSOD's federal customers with simplified and reduced-rate procurement, according to a release.

Drees Homes

FREDERICK, Md. - Drees Homes, a national builder with more than 75 years of experience in building custom homes, has opened a new community in Frederick County, Md.

Linton at Ballenger, on Ballenger Creek Pike, is the first community in Frederick County where Drees Homes is both the developer and builder.

Linton at Ballenger will be a community of single-family homes from the mid-$500s and two-car garage townhomes from the $400s.

Tower Bancorp

GREENCASTLE, Pa. - Tower Bancorp Inc., holding company of The First National Bank of Greencastle, held its annual stockholders meeting on April 11 at the Special Events Center in Greencastle.

President and CEO Jeff Shank reported total assets grew to $542 million, loans grew to $387 million, deposits grew to $410 million and total equity was $82 million.

Tower Bancorp's net income surpassed $6.1 million, which was a record, as were all the totals, according to a prepared release.

Shareholders of record during the second quarter will receive a 26 cent per share dividend. Dividends paid have increased each year for the last 17 years.

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