Tower Financial Corp.

Mr. Raymond Torres has been an active member of the Puerto Rican Chamber of Commerce of South Florida since 1992. Serving the board as the Membership Committee Chair. Originally from Gurabo, Puerto Rico, he grew up and was educated in Indiana. After working for several years in Chicago, he relocated to South Florida. Here he runs his own company, Tower Financial and Insurance Group, providing insurance products to businesses and individuals. Mr. Torres resides in Kendall, where he is active in the community and in his Church.

Founder, Joe Ruffolo, has over 35 years of executive level experience in international, franchise, finance, production, transportation and government arenas. Joe is currently a Founding Director of Tower Bank. In addition to Tower Bank, Joe also serves on the Board of Directors of Steel Dynamics, Kitty Hawk, Inc., Beltmenn Transportation Group, Parkview Health Corp. and DeKalb Plastics. Joe served as the president and CEO of North American Van Lines, Fort Wayne, Indiana from 1988 through 1993. He has also held executive positions at PepsiCo, Squibb Corporation, and Reynolds Aluminum. In 1994 Joe served as a consulting executive selected to assist Russia in efforts to privatize government owned industries. He has been a faculty member of the Graduate Business Program at Indiana/Purdue University in Fort Wayne. Joe has held many community leadership positions including the Chairmanship of the Fort Wayne Park Board. Joe is a graduate of the University of Wisconsin and the Harvard Business School Advanced Management Program.