Wendell Bontrager '91 Promoted to Executive VP at Tower Bank

December 9, 2009

December 9, 2009, Greencastle, Ind. — Wendell L. Bontrager, chief lending officer since June 2008 at Tower Bank in Fort Wayne, Indiana, and member of DePauw University's Class of 1991, has been promoted to executive vice president. Bontrager joined Tower in 1999 and has filled a variety of roles including chief deposit officer.

Dedicated to community service, Bontrager participates at the board level with a number of local charitable organizations including Mad Anthony's Children's Hope House, Youth for Christ and Fort Wayne Country Club.

Tower Financial Corporation (Nasdaq: TOFC) is a financial services holding company with two subsidiaries: Tower Bank & Trust Company, a community bank headquartered in Fort Wayne; and Tower Trust Company, a state-chartered wealth services firm doing business as Tower Private Advisors.

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