TOWER FINANCIAL (TOFC) Upgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research upgraded shares of TOWER FINANCIAL (TOFC) from UNDERPERFORM to NEUTRAL on April 02, 2013, with a target price of $13.90.

Tower Financial Corporation was incorporated to acquire all of the issued and outstanding stock of Tower Bank & Trust Company and to engage in the business of a bank holding company. The bank offers a broad array of deposit products, including checking, business checking, savings and money market accounts, certificates of deposit and direct deposit services.

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