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| Tower Financial Corporation |
| 116 East Berry Street, Fort Wayne, IN 46802 * (219) 420-9100 |
| Business Description | The company is organizing as an Indiana chartered bank. The company is not currently engaged in any significant business to date. The bank will provide a range of commercial and consumer banking services primarily in Allen County, Indiana. |
| Offering Information Company has | |||
| Trading As | TOFC (OTC) | Industry | Financial (SIC 6712) |
| Type of Stock Offered | Common Shares | Filing Date | 11/13/1998 |
| Domestic Shares Offered | 2,200,000 | Offer Date | 01/26/1999 |
| Foreign Shares Offered | 0 | Filing Price | $10.00 |
| Company Shares | 2,200,000 | Offer Price | $10.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.625 |
| Gross Proceeds | $22,000,000 | Selling | $0.375 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 2,000,000 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Roney & Co. | Lead Manager | (313) 225-5741 |
| McDonald & Company Securities, Inc. | Co-manager | (216) 443-2370 |
| Use Of Proceeds |
The proceeds from the proposed offering will be usedto capitalize the bank and repay loans incurred in organizing the bank and preparing it to begin business. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Baker & Daniels |
| Bank's Law Firm | Honigman, Miller, Schwartz & Cohn |
| Registrar/Transfer Agent | State Street Bank and Trust Company |
| Auditor | Pricewaterhouse Coopers LLC |
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