Regional Advantages

Renowned for its location, business climate and affordable cost of living, Northeast Indiana is consistently ranked best in the Midwest.

Industry Information

With access to 40,000 graduating students annually, join the impressive list of major employers leading Northeast Indiana’s top industries.

Business Leadership

Increasing personal income, growing the population and raising educational attainment. Join us!

About Living Here

Northeast Indiana is family-friendly, affordable and offers diverse opportunities to make it your own in Northeast Indiana.

Jobs & Internships

Join Northeast Indiana, a growing, vibrant community. From your next career to your next promotion, make it your own in Northeast Indiana.

Tower workers to lose jobs in acquisition

March 18th, 2014

News Coverage:

Tower workers to lose jobs in acquisition

Posted: Tuesday, March 18, 2014 10:37 am | Updated: 10:49 am, Tue Mar 18, 2014.

More than 40 workers at Tower Financial Corp. will lose their jobs after the acquisition of the bank company by Old National Bancorp is completed.

The 41 job eliminations, which are expected to begin May 16, were revealed by Old National in a Worker Adjustment and Retraining Notification Act filing with the state of Indiana.

The affected employees learned of the pending job losses in December, the WARN Act notice said.

Two teams of bankers, one involved in commercial and the other in mortgage lending, left Tower to go to First Financial Bank, which opened an office downtown in January.

The acquisition was announced in September, and Tower shareholders approved the deal at a special meeting Feb. 7. Pending regulatory approvals, the acquisition was expected to be completed by the end of the first quarter.

Old National is based in Evansville.

Categories LayoffsClosures