July 12, 2014 12:42 AM ET

Banks

Company Overview of Tower Financial Corporation

Company Overview

Tower Financial Corporation operates as the bank holding company for Tower Bank & Trust that provides commercial and consumer banking services in the metropolitan areas of Fort Wayne, Allen County, and Warsaw, Indiana. It accepts various deposits, which include checking, savings, and money market accounts, as well as certificates of deposit and direct deposit services. The company’s loan portfolio comprises secured and unsecured commercial loans for acquisition of fixed assets, such as real estate, equipment and machinery, and lines of credit collateralized by inventory and accounts rceivable; commercial real estate loans; fixed rate, long-term residential mortgage loans and floating, and sh...

116 East Berry Street

Fort Wayne, IN 46802

United States

Founded in 1998

122.75 Employees

Phone:

260-427-7000

Fax:

260-427-7180

Key Executives for Tower Financial Corporation

Chief Executive Officer
Age: 53
Chief Financial Officer
Age: 49
Chief Operating Officer
Age: 46
Executive Vice President and President of Tower Trust Company
Age: 49
Executive Vice President
Age: 45
Compensation as of Fiscal Year 2014.

Tower Financial Corporation Key Developments

Tower Financial Corporation(NasdaqGM:TOFC) dropped from NASDAQ Composite Index

Tower Financial Corporation will be removed from the NASDAQ Composite Index.

Tower Financial Corporation, Special/Extraordinary Shareholders Meeting, Feb 07, 2014

Tower Financial Corporation, Special/Extraordinary Shareholders Meeting, Feb 07, 2014. Agenda: To consider and approved the merger With Old National Bancorp.

Tower Financial Corporation Announces Dividend Payable on March 4, 2014

Tower Financial Corporation declared a dividend of $0.08 per share to be paid on March 4, 2014 to all shareholders of record as of February 18, 2014.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 10, 2013
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