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Board of Directors
Tower Financial Corporation

Keith Busse  

Keith E. Busse

Chairman, Tower Financial Corporation Board
Chairman, Tower Bank & Trust Company Board
Chairman/Co-founder, Steel Dynamics, Inc.

Keith E. Busse is Chairman of the Board of Tower Financial Corporation and Tower Bank & Trust Company where he has been a member since the founding of the company in 1998. He is also Chairman of Steel Dynamics, Inc., a company he founded with two colleagues in 1993. He has been a director of the company since it went public in November 1996.

Mr. Busse holds a B.A. in business finance from Saint Francis College and an MBA from Indiana University. He has been awarded an honorary doctorate in business by the University of Saint Francis and an honorary doctorate of engineering from Purdue University. He is the recipient of numerous steel industry awards, including the Association of Steel Distributors’ “Steel Man of the Year” award in 2004, the Association of Iron and Steel Technology’s “Steel Maker of the Year” award in 2005, and the Steel Manufacturers Association’s Iverson-Selig Award in 2006 for outstanding contributions to the mini-mill industry.

   

 

Mike Cahill  

Michael D. Cahill

President and CEO, Tower Financial Corporation
President and CEO, Tower Bank & Trust
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

Michael D. Cahill is the President and CEO of the Company. Mr. Cahill served as Executive Vice President of the Company from November 2004 to July 2008, and Chief Operating Officer of the Company from October 2006 to July 2008. Mr. Cahill is also Chief Executive Officer and President of our subsidiary, Tower Bank and Trust. From June 2004 to April 2007, Mr. Cahill also served as Chief Financial Officer of the Company. Mr. Cahill has over 20 years of senior financial management experience. Prior to joining the Company, Mr. Cahill served as Chief Financial Officer for Physicians Health Plan of Indiana, CB Richard Ellis/Sturges and Northill Corporation. Mr. Cahill has served on the Tower Financial Corporation Board since 2007.

   

 

Kathryn Callen  

Kathryn D. Callen

Trustee, University of Saint Francis
Tower Financial Corporation Board Member
Tower Trust Company Board Member

Kathryn D. Callen is currently a member of the Board of Trustees at the University of Saint Francis, a position she has held since October 2000. Prior to this position, Ms. Callen served as Vice President of The Lutheran Health Foundation until 1994. Ms. Callen is a former President of Summcorp Financial Services, Inc. and a former member of the Board of Directors of Summcorp and Summit Bank in Fort Wayne.

   

 

Scott Glaze  

Scott A. Glaze

Chairman and CEO, Fort Wayne Metals Research Products Corporation
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

Scott Glaze is Chairman and CEO of Fort Wayne Metals Research Products Corporation. He has been involved in national and international standards organizations for medical materials. Fort Wayne Metals has become the world's leading manufacturer of wire for the medical device industry. Mr. Glaze is a director of the Indiana Chamber of Commerce, the Fort Wayne-Allen County Economic Development Alliance and the Northeast Indiana Corporate Council. Mr. Glaze also exhibits dedication to the Fort Wayne community through his involvement in the redevelopment efforts downtown and his membership on the board of the Downtown Improvement District.

   

 

Jerry Henry  

Jerome F. Henry Jr.

President, Midwest Pipe and Steel Corporation
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

Jerome F. Henry, Jr. founded and is the President of Midwest Pipe & Steel, Inc., a company specializing in steel service, industrial scrap and steel brokerage. Mr. Henry has held this position since 1975. Mr. Henry is also President of Paragon Tube Corporation, a manufacturer of steel tubing, and Paragon Steel Trading, Inc., a distributor of steel coils. Each company is headquartered in Fort Wayne. He has held these respective positions since 1990 and 1995.

   

 

Deb Niezer  

Debra A. Niezer

COO and Treasurer, AALCO Distributing Company, Inc.
Tower Financial Corporation Board Member
Tower Trust Company Board Member

Debra A. Niezer has been the Chief Operating Officer and Treasurer of AALCO Distributing Company, a beer distributor in Fort Wayne, since January 2002. Prior to that time, beginning in April 1995, Ms. Niezer was Vice President and Assistant Treasurer of AALCO. From January 1989 to March 1995, Ms. Niezer served as Vice President and Employee Benefits Officer for NBD Bank, Indiana in Fort Wayne.

   

 

Bill Niezer  

William G. Niezer

Managing Director, Wells Fargo Insurance Services
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

William G. Niezer is the Managing Director of the Fort Wayne operations of Wells Fargo Insurance Services, an insurance broker, a position he has held since February 2007. Mr. Niezer previously served as Managing Director of Acordia of Indiana, LLC, from September 1997 to February 2007.

   

 

Kim Stacey  

Kim T. Stacey

Chairman, Tower Trust Company Board
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

Kim T. Stacey is Chairman of the Board of Tower Trust Company and a retired Tower Bank team member with 37 years of trust experience. He holds a J.D. degree from Northern Kentucky State University, and earned his undergraduate degree from the University of Cincinnati. Mr. Stacey’s community service has included numerous Not-for-Profit Boards. Presently he serves on the Allen County Parks and Recreation Board.

     
Bob Taylor  

Robert N. Taylor

President and CEO, Do it Best Corp.
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

Robert N. Taylor is President and CEO of Do It Best Corp. Mr. Taylor served on the Do It Best Corp. board of directors from 1995 to 2000 and was appointed President and CEO in 2002. He is passionate about giving back to the community, which he demonstrates through his involvement in the Fort Wayne Park Foundation, Northeast Indiana Corporate Council, Indiana Chamber of Commerce, Downtown BluePrint Plus Committee and the Baseball+ Committee. Mr. Taylor also spent many years involved in charitable efforts for the United Way and the American Cancer Society.

   

 

 Ron Turpin  

 Ronald W. Turpin

Vice President, Lincoln National Corp.
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

Ronald W. Turpin is the Vice President at Lincoln National Corp. Mr. Turpin currently serves as head of finance-retail sales at Lincoln, a position he has held since 2007. He has been with Lincoln since 2000, and previously worked as a senior associate in the tax and legal services section of PricewaterhouseCoopers. Mr. Turpin holds a bachelor’s degree from Indiana State University, a law degree from Indiana University and is licensed as a certified public accountant. He has served on the Tower Financial Corporation Board since January 2011.

   

 

Irene Walters  

Irene A. Walters

Executive Director, University Relations and Communications IPFW
Tower Financial Corporation Board Member
Tower Bank & Trust Company Board Member

Irene A. Walters is the Executive Director of University Relations and Communications at Indiana University-Purdue University Fort Wayne. Ms. Walters has held this position since 1995. Prior to that time, from 1990 to 1995, Ms. Walters was the Executive Director of the Fort Wayne Bicentennial Celebration Council.

   

 

Board of Directors
Tower Bank & Trust Co.

In addition to the dual serving members of the Tower Financial Corporation Board, the following member serves on the Tower Bank & Trust Co. Board of Directors:

 Richard A. Haddad  

Richard A. Haddad

President and CEO, K21 Health Foundation
Tower Bank & Trust Company Board Member

Richard A. Haddad is the President and CEO of K21 Health Foundation, a position he has held since 2006. Mr. Haddad was previously the Executive Director of Warsaw Community Church, the COO and CFO for SYM Financial Advisors and was the Assistant Controller and Financial Analyst for Duke Realty. He is a long-standing member of the Warsaw community and exhibits his dedication through his involvement in numerous not-for-profit organizations throughout Kosciusko County.

Board of Directors
Tower Trust Co.

In addition to the dual serving members of the Tower Financial Corporation Board, the following members serve on the Tower Trust Co. Board of Directors:

Gary Shearer  

Gary D. Shearer

President and CEO, Tower Trust Company
Tower Trust Company Board Member

Gary D. Shearer has been an Executive Vice President of the Company and the President of Tower Trust Company, a wholly-owned subsidiary of the Company since January 2006. From January 2001 to December 2005 he served as the Senior Vice President and Trust Officer of the Bank. From August 1999 to December 2000 he served as Vice President and Trust Officer of the Bank. Mr. Shearer has over 20 years of banking and trust experience. From 1994 to 1999, Mr. Shearer served as Vice President and Investment Officer at Fort Wayne National Bank and Vice President and Regional Trust Manager at National City Bank of Indiana.

 Todd Stephenson  

 Todd R. Stephenson

President and CEO, United Way of Allen County, Inc.
Tower Trust Company Board Member

Todd R. Stephenson is the President and CEO of United Way of Allen County, Inc., and has held this title since 2010. Mr. Stephenson is retired from Lincoln Financial Group where he was the Vice President of Corporate Planning and Development. In various points in his career with Lincoln, he also held the titles of Senior Vice President and Chief Financial Officer for The Lincoln National Life Insurance Company and Senior Vice President and Chief Operating Officer for Lincoln Financial Advisors. He has served on many non-profit boards, including Big Brothers Big Sisters of Northeast Indiana, Interfaith Hospitality Network, Junior Achievement of Northern Indiana, The Greater Fort Wayne Chamber of Commerce, Fort Wayne-Allen County Economic Development Alliance, Young Life Fort Wayne and the Community Foundation of Greater Fort Wayne.

Kathleen Summers  

Kathleen M. Summers

Board Member, Canterbury School Foundation
Tower Trust Company Board Member

Kathleen M. Summers is a Board Member of the Canterbury School Foundation. Ms. Summers is a long standing member of the Fort Wayne Community. She is a community champion, having volunteered with the Fort Wayne Museum of Art, the Fort Wayne Philharmonic and Canterbury School. Additionally, Ms. Summers served on the board of directors of Summers & Co., a Fort Wayne based Municipal Bond Brokerage house, founded by Homer B. & Thomas B. Summers.