Tower Bank & Trust Fort Wayne Indiana

Take a look at the new site

capital2risk.com

This is Michael Cahill he makes $236,000 which includes country club fees and car allowances

Michael ran this bank into the ground

Michael is repsonsible for getting this disaster on the problem bank list

and Principal
 Position
Year
Salary1
Bonus2
Stock
Awards3
Option
 Awards
Non-Equity
Incentive
 Plan
Compensation4
Change in
Pension Value
and Non-
qualified
Deferred
Compensation
Earnings5
All Other
 Compen-
sation6
Total ($)
($)
($)
($)
($)
($)
($)
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
(j)
Michael D.
2011
$ 213,269 $ 40,000 $ 28,154 $ 46,746 $ 767 $ 5,246 $ 334,182
Cahill, CEO &
2010
$ 197,692 $ 34,683 $ 546 $ 3,365 $ 236,286
President
2009
$ 180,000 $ 25,000 $ 808 $ 6,652 $ 211,652
Richard R
2011
$ 141,923 $ 15,000 $ 20,775 $ 33,141 $ 2,056 $ 212,895
Sawyer, CFO
2010
$ 135,962 $ 28,217 $ 247 $ 164,426
2009
$ 135,000 $ 5,400 $ 1,739 $ 142,139
Gary D. Shearer
2011
$ 161,842 $ 8,000 $ 12,465 $ 16,650 $ 1,140 $ 2,678 $ 202,775
CEO &
2010
$ 154,115 $ 25,391 $ 955 $ 1,027 $ 181,488
President,Tower.
2009
$ 150,000 $ 11,264 $ 1,081 $ 4,728 $ 165,992
Trust Co
Wendell L.
2011
$ 153,131 $ 15,000 $ 20,775 $ 34,056 $ 98 $ 3,153 $ 226,213
Bontrager, CLO
2010
$ 136,461 $ 5,400 $ 25,337 $ 70 $ 14,506 $ 181,774
2009
$ 135,000 $ 9,870 $ 158 $ 11,264 $ 156,134
James E.
2011
$ 119,914 $ 99,641 $ 20,775 $ 27,464 $ 530 $ 1,400 $ 269,724
Underwood,
2010
$ 119,250 $ 15,756 $ 21,768 $ 377 $ 959 $ 158,110
EVP, Risk
2009
$ 119,250 $ 367 $ 1,196 $ 120,813
Manager
Tina M
2011
$ 124,423 $ 15,000 $ 20,775 $ 31,178 $ 2,116 $ 193,492
Farrington, COO
2010
$ 115,192 $ 4,600 $ 20,810 $ 841 $ 141

Is this clown watching you money?


This is Wendall Bontrager, he is Chief Lending Officer

 This A hole is the one who made $24,000,000 in bad loans and got this train wreck on the problem bank list

Wendall makes $118,000 a year and they pay his country club dues

This Rick Sawyer the CFO he makes $164,000 a year

This dick bankrupted this disaster

This Gary Shearer this bald clown makes $181,000 plus country club dues

Tower Bank & Trust Fort Wayne Indiana was founded in 1999.  The company is on the problem bank list.

Assets  are $668MM with equity of $71MM.

The problem portfolio is $24MM.

Michael Cahill          made $236k

Richard Sawyer       made $164k

Gary Shearer             made $181k

Wendal Bontrager   made $118k

Tina Farrington        made $141k

This includes country club fees and car allowances.

Wow, not bad pay for getting the company put on the problem bank list.

Do you bank here.

Tower? With these salaries, it is more like a golden shower.

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