About Tower Loan
On May 1, 1990, Tower Loan made its largest acquisition. Louisiana based Reliable Finance company was sold following the death of its owner and operational leader, Grady Brockner. The acquisition of Reliable spread Tower's lending philosophy into 13 offices in the state of Louisiana.
At the time of this acquisition, the only office still operating – more... as Russell Baker Finance was Vicksburg, Mississippi. Vicksburg's name was changed to Reliable Finance and the Russell Baker name was lost.
Before the purchase of Reliable Finance, First Tower Corp., a holding company, was established to form an umbrella for Tower Loan of Mississippi, Inc.; American Federated Life Insurance Company; and American Federated Insurance Company. ReliableFinance Company was eventually renamed First Tower Loan, Inc. and was added to the umbrella of First Tower Corp.
After various acquisitions and office openings in 1991 and 1992, Tower stood at 51 offices. On December 1, 1992, Tower Loan acquired the 9 consumer loan offices of Eagle Federal Savings Bank. This brought Tower to 60 offices.
In July 1997, Tower purchased the 4 offices of Walthall Finance. Then in October 1997, Tower purchased the 8 offices of Money Mart, Inc. In September of 1999, Tower netted 21 new offices after acquiring certain assets from MFN Financial Corporation.
In 2004, Tower made other significant assets, acquiring all of the remaining Mississippi receivables of Tico Finance Company and Personal Finance Company. – less – More from ZoomInfo »
Tower Loan Employer Reviews
Tower Loan
Productive and enjoying work place
Data Entry (Current Employee), Jackson, MS – May 1, 2012
Tower Loan
A fun financial experience
Manager Trainee (Former Employee), Houma, Louisiana – April 25, 2012
Tower Loan
Fast paced
Manager/ Loan Officer (Current Employee), Vivian, LA – April 13, 2012
Tower Loan
Short term deal
Assistant Manager (Former Employee), Jennings, LA – April 9, 2012
Tower Loan
Very dedicated company
Branch Manager (Former Employee), Forest, MS – March 16, 2012
Working at Tower Loan
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