BNET Industries

Tower Financial Corp.

(TOFC) is in the Financial Services Industry

Market Cap:$20.1M
Last Fiscal Year Sales:$44.0M
  • Public
  • US
Dow Jones Description

Bank Holding Company

President & Chief Executive Officer
Michael D. Cahill
Number of Employees 174
Contact Information

116 E Berry St

Fort Wayne, Indiana 46802

www.towerbank.n...

(260) 427-7000

NAICS Code Commercial Banking: 522110

Recent Events

  • Tower Financial Corporation Reports Third Quarter Results

    10/30/09 - Financial Announcement - View Story

  • Tower’s 2Q performance dragged down by loan losses

    8/15/09 - Financial Announcement - View Story

  • Tower Financial Swings To Loss In Q2 - Update

    7/24/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Michael D. Cahill President & Chief Executive Officer
Tony Manganiello CEO
Darrell L. Jaggers Chief Lending Officer & Executive Vice President
Rick Sawyer CFO & Secretary
Gary D. Shearer Executive Vice President
Bob Nicholas Vice President, Investment Services
Kevin Noll Vice President, Investment Services
Joseph D. Ruffolo Director
Keith E. Busse Director

Board of Directors

Name (plus bio) Position
Donald F. Schenkel Chairman
Debra A. Niezer Board of Directors
Irene A. Walters Board of Directors
Jerome F. Henry Board of Directors
John V. Tippmann Board of Directors
Kathryn C. Callen Board of Directors
Larry L. Smith Board of Directors
Michael J. Mirro Board of Directors
Michael S. Gouloff Board of Directors
R. V. Prasad Mantravadi Board of Directors
R.V. Prasad Mantravadi Board of Directors
William G. Niezer Board of Directors

Organization Position Status
Tower Financial Corporation President & Chief Executive Officer Current
Tower Financial Corporation Board of Directors Current
Tower Bank & Trust Company President & CEO Former
Tower Bank & Trust Company CFO & Secretary Former
Tower Financial Corporation COO, Secretary & Executive Vice President Former

Organization Position Status
Debt-Free & Prosperous Living, Inc. President, CEO Current
Tower Financial Corporation CEO Current
Tower Financial Corporation President Current

Organization Position Status
Tower Financial Corporation Chief Lending Officer & Executive Vice President Current

Organization Position Status
Tower Financial Corporation CFO & Secretary Current

Organization Position Status
Tower Financial Corporation Executive Vice President Current
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Vice President, Investment Services Current

Organization Position Status
Tower Financial Corporation Vice President, Investment Services Current

Organization Position Status
Tower Bank & Trust Company Chairman & CEO Current
Tower Financial Corporation Chairman Current
Tower Financial Corporation President & CEO Former

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

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.

Organization Position Status
Ruffolo Benson Founder Current
Steel Dynamics, Inc. Co-Chair Current
Tower Financial Corporation Director Current
Kitty Hawk, Inc. Board of Directors Current
Park View Health Board of Directors Current
North American Van Lines, Inc. Chief Executive Officer Former
North American Van Lines, Inc. President Former
Steel Dynamics, Inc. Board of Directors Former
University of Wisconsin Former

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Iron Dynamics CEO Current
Tower Financial Corporation Director Current
Steel Dynamics, Inc. Chairman & CEO Former
Nucor Corporation Vice President Former
Nucor Corporation General Manager Former
Steel Dynamics, Inc. Director Former
Indiana University Master's of Business Administration Former
International Business College, Incorporated Degree Former

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

Organization Position Status
Tower Financial Corporation Board of Directors Current

Executive News

  • Steelmakers see orders picking up

    Economictimes - 6/27/09 - View Story

  • REFILE-ANALYSIS-Steelmakers hold fast, await stimulus kick

    Forbes.com - 6/26/09 - View Story

  • Steelmakers hold fast, await stimulus kick

    Reuters - 6/26/09 - View Story

  • Steel Dynamics capacity usage exceeds 70 pct -CEO

    Forbes.com - 6/23/09 - View Story

  • Steel Dynamics CEO: Co To Make Profit In 3Q, 4Q

    Morningstar.com - 6/23/09 - View Story

  • Steel Dynamics capacity usage exceeds 70 pct -CEO

    Reuters - 6/23/09 - View Story

  • Steel Dynamics Inc anticipates loss of USD0.10 to USD0.15 per diluted share in Q2

    TradingMarkets - 6/22/09 - View Story

  • PicksThatMove: Steel Dynamics, Inc. (Nasdaq: STLD) We have picks that move!

    RBC Dain Raushcer - 6/22/09 - View Story

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     TOFC $4.92 +0.41 (8.98% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 4,858
Shares Outstanding 4.09M
Market Cap 20.1M
Year High 9
Year Low 3.79
Earnings Per Share -0.70
P/E Ratio -7.02
Dividend N/A
Yield N/A
IndustryTop Rated

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