Last $23.90 USD
Change Today +0.29 / 1.23%
Volume 1.7K
TOFC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

Executive Profile*

Michael D. Cahill

Chief Executive Officer, President, Non Independent Director, Chief Executive Officer of Tower Bank & Trust Company and President of Tower Bank & Trust Company, Tower Financial Corporation
AgeTotal Calculated CompensationThis person is connected to 33 board members in 3 different organizations across 2 different industries.

See Board Relationships
52$328,338
As of Fiscal Year 2012

Background*

Mr. Michael D. Cahill, also known as Mike, has been the President and Chief Executive Officer of Tower Financial Corporation at Tower Trust Company since August 1, 2008 and also for its subsidiary Tower Bank & Trust Company since October 2006. Mr. Cahill joined Tower Financial in 2004. He served as the Chief Operating Officer of Tower Financial Corporation from October 2006 to August 1, 2008 and also served as its Interim Chief Lending Officer since April 2008, Chief ...

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Corporate Headquarters*

116 East Berry Street
Fort Wayne, Indiana 46802

United States

Phone: 260-427-7000
Fax: 260-427-7180

Board Members Memberships*

2007-Present
Chief Executive Officer, President, Non Independent Director, Chief Executive Officer of Tower Bank & Trust Company and President of Tower Bank & Trust Company
2013-Present
Director

Education*

Unknown/Other Education
University of Notre Dame

Other Affiliations*

Annual Compensation*

Salary$232,693
Bonus$15,000
Total Annual Compensation$247,693

Stock Options*

All Other Compensation$6,978
Exercisable Options20,000
Total Number of Options20,000

Total Compensation*

Total Annual Cash Compensation$324,519
Total Short Term Compensation$247,693
Other Long Term Compensation$6,978
Total Calculated Compensation$328,338
*Data is at least as current as the most recent Definitive Proxy.
 

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COMPETITOR COMPENSATION

NamePosition/
Company
Compensation
James D. Rickard Chief Executive Officer, President, Director, Member of Executive Committee, Director of Community Bank of Kentucky, Director of Your Community Bank and Director of Your Community Bank Nelson County Business Development Board
Community Bank Shares of Indiana Inc.
$450.0K
Norman L. Lowery Vice Chairman, Chief Executive Officer, President, Member of Acquisition Committee, Member of Executive Committee, Member of Affirmative Action Committee, Member of Disaster Recovery Committee, Member of Disclosure Committee, Member of Loan Review Committee, Member of Loan Policy & Procedure Committee, Member of Enterprise Risk Management Committee, Member of Strategic Planning Committee, Vice Chairman of First Financial Bank N A, Chief Executive Officer of First National Bank and President of F
First Financial Corp.
$626.1K
Archie M. Brown Jr.Chairman, Chief Executive Officer, President, Member of Executive Committee and Member of Credit & Risk Committee
Mainsource Financial Group
$395.0K
Mark A. Schroeder Chairman, Chief Executive Officer, Member of Office of the President, Chief Executive Officer of German American Bank, President of German American Bank, Director of Citizens State Bank, Director of First American Bank, Director of German American Financial Advisors & Trust Company, Director of Peoples Bank and Director of The German American Bank
German American Bancorp Inc.
$305.0K
Craig M. Dwight Chairman, Chief Executive Officer, President, Chairman of Horizon Bank and Chief Executive Officer of Horizon Bank
Horizon Bancorp
$414.0K
Compensation as of Fiscal Year 2012.

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