Tower Financial Corporation
116 East Berry Street
Fort Wayne,
IN 46802
United States - Map
Phone: 260-427-7000
Fax: 260-427-7180
Web Site: http://www.towerbank.net
| Tower Financial Corporation operates as the bank holding company for Tower Bank & Trust Company that provides various commercial and consumer banking services to individuals, businesses, associations, financial institutions, and government entities in the metropolitan area of Fort Wayne and Allen County, Indiana. Its deposit products comprise checking accounts, savings accounts, money market accounts, certificates of deposit, noninterest-bearing demand accounts, and interest-bearing checking accounts. The companys loan portfolio includes secured and unsecured commercial loans; commercial real estate loans; residential mortgage loans; and personal loans and lines of credit for various purposes, such as purchase of automobiles, boats, and other recreational vehicles, as well as to make home improvements and personal investments. It also offers direct deposit, and telephone and Internet banking services. In addition, the company provides a courier service for the deposit convenience of its business customers, as well as wholesale lockbox and other business deposit, and cash management services. As of December 31, 2008, it had six locations in the metropolitan area of Fort Wayne, Allen County, Indiana, and one location in Warsaw, Indiana. The company, through its subsidiary Tower Trust Company, provides investment management and trust services, which include estate planning and money management, traditional revocable trusts, irrevocable trusts, charitable trusts, estate administration, guardianship administration, IRA administration, personal and institutional investment management, and custodial services. Tower Financial Corporation was founded in 1998 and is headquartered in Fort Wayne, Indiana. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. Michael D. Cahill , 48
Chief Exec. Officer, Pres, Director, Chief Exec. Officer of Tower Bank & Trust Company and Pres of Tower Bank & Trust Company |
$
198.00K |
$
0 | Mr. Richard R. Sawyer , 43
Chief Financial Officer, Principal Accounting Officer, Exec. VP, Sec., Chief Financial Officer of Tower Trust, Chief Financial Officer of Tower Bank, Sec. of Tower Bank and Sec. of Tower Trust |
$
147.00K |
$
0 | Mr. Gary D. Shearer CFA, 44
Exec. VP, Chief Exec. Officer of Tower Trust Co, Pres of Tower Trust Company and Exec. VP of Wealth Services Group |
$
163.00K |
$
0 | Mr. William H. Olds Jr.,
Sr. VP of Corp. Services |
N/A
| N/A | Ms. Tina M. Farrington ,
Sr. VP |
N/A
| N/A |
|
|
|
Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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