| Abstract: | Datamonitor's Tower Financial Corporation Company Profile is the essential source for top-level company data and information. Tower Financial Corporation Company Profile examines the company's key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.
Tower Financial operates as the holding company for Tower Bank & Trust company. The company through its subsidiaries provides various commercial and consumer banking services to small-to medium-sized businesses and individuals. It offers services such as commercial, consumer and residential mortgage loans; deposit services including checking, savings and money market accounts, certificates of deposit and direct deposit services. It also provides telephone and Internet banking services, and credit card facilities. The company primarily operates in the US, where it is headquartered in Fort Wayne, Indiana and employs about 196 people. The company recorded revenues of $27.3 million in the fiscal year ended December 2007, an increase of 7.7% over 2006. The company's operating loss was $4.4 million in fiscal year 2007, compared to the operating profit of $5.1 million in fiscal 2006. Its net loss was $2.6 million in fiscal year 2007, compared to the net profit of $3.7 million in fiscal 2006.
Scope of the Report
- Provides all the crucial information on Tower Financial Corporation required for business and competitor intelligence needs
-Data is supplemented with details on Tower Financial Corporation history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available statement from Tower Financial Corporation
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| Brief Excerpt: | ...Tower Financial oper ates as the holding compan y f or Tower Bank & Trust compan y.The compan ythrough its subsidiar ies pro vides v arious commercial and consumer banking ser vices to small-to medium-sized b usinesses and individuals . It off ers ser vices such as commercial, consumer and residential mor tgage loans; deposit ser vices including chec king, sa vings and mone y mar ket accounts ,certificates of deposit and direct deposit ser vices. It also pro vides telephone and Inter net banking services, and credit card f acilities.The compan y pr imarily oper ates in the US , where it is headquartered in F ort Wayne, Indiana and emplo ys about 196 people .The compan y recorded re venues of $27.3 million in the fiscal y ear ended December 2007, an increase of 7.7% o ver 2006. The compan y's oper ating loss w as $4.4 million in fiscal y ear 2007, compared to the oper ating profit of $5.1 million in fiscal 2006. Its net loss w as $2.6 million in fiscal year 2007, compared to the net...
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