Tower Financial Announces Shareholder Approval of Merger With Old National Bancorp
February 07 2014 - 5:00PM
Tower Financial Corporation (Nasdaq:TOFC) announced that at its
special meeting of shareholders held today, the shareholders of the
Company approved the merger of the Company with and into Old
National Bancorp (Nasdaq:ONB). The merger remains subject to the
satisfaction of the closing conditions contained in the merger
agreement. The Company will file with the Securities and
Exchange Commission a Form 8-K setting forth the results of the
shareholder vote.
ABOUT THE COMPANY
Headquartered in Fort Wayne, Indiana, Tower Financial
Corporation is a financial services holding company with one
subsidiary; Tower Bank & Trust Company (Tower Bank), a
community bank headquartered in Fort Wayne. Tower Bank provides a
wide variety of financial services to businesses and consumers
through its six full-service financial centers in Fort Wayne, and
one in Warsaw, Indiana. Tower Bank has a wholly-owned subsidiary,
Tower Trust Company, which is a state-chartered wealth services
firm doing business as Tower Private Advisors. Tower Bank also
markets under the HSA Authority brand, which provides Health
Savings Accounts to clients in 50 states. Tower Financial
Corporation's common stock is listed on the NASDAQ Global Market
under the symbol "TOFC." For further information, visit Tower's web
site at www.towerbank.net
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements that, by
their nature, are predictive and are based on management's beliefs,
assumptions, current expectations, estimates and projections about
the financial services industry, the economy, and about our
company.
These forward-looking statements are intended to be covered by
the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements are not guarantees of future
performance, speak only as of this date, and involve risks and
uncertainties related to our banking business or to general
business and economic conditions that may affect our business,
which may cause actual results to turn out differently. More
detailed information about such risks and uncertainties may be
found in our most recent Annual Report on Form 10-K, or, if
applicable, in subsequently filed Forms 10-Q quarterly reports,
under the captions "Forward-Looking Statements" and "Risk Factors,"
which we file from time to time with the Securities and Exchange
Commission. These reports are available on the Commission's website
at www.sec.gov, as well as on our website at www.towerbank.net.
CONTACT: FOR INVESTORS:
Richard R. Sawyer
Chief Financial Officer
260-427-7150
rick.sawyer@towerbank.net
FOR MEDIA:
Tina M. Farrington
Executive Vice President
260-427-7155
tina.farrington@towerbank.net
Tower Financial Corp. (MM) (NASDAQ:TOFC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Tower Financial Corp. (MM) (NASDAQ:TOFC)
Historical Stock Chart
From Sep 2023 to Sep 2024