News & Updates

Company news from the Tower Loan team

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Tower Loan Acquires Nine Mississippi Offices from Central Financial Services, Inc.

Tower Loan, one of the nation’s leading independent finance companies, is pleased to announce the acquisition of receivables from Central Financial Services, Inc., covering accounts from nine office locations in Mississippi. These locations include Aberdeen, Columbia, Hattiesburg, Meridian, Philadelphia, Picayune, Quitman, Tupelo, and Waynesboro. All accounts will be transitioned and serviced through Tower Loan’s existing…

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Supervisor Dante Post

Dante Castro Promoted to Supervisor in Illinois

Dante Castro, Branch Manager in Farmington, Missouri, has accepted his new role as Supervisor in Illinois. Dante has been with Tower Loan for seven years. He is from Farmington, Missouri, and now oversees eight offices in Illinois. He joined the company in November 2017 as a Manager Trainee in Farmington, Missouri. He then moved into…

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Stefan Young Post

Stefan Young Named New Supervisor in Texas

Stefan Young, Senior Branch Manager in Kenner, Louisiana, has accepted his new role as Supervisor in Texas. Stefan has been with Tower for five years. He is originally from Vicksburg, Mississippi. He now oversees eight of Tower’s Texas locations. Stefan began his career with Tower at our Southwest Jackson, Mississippi branch as a Manager Trainee….

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Supervisor Elizabeth Post

Elizabeth Barrier Steps into a New Leadership Role

Elizabeth Barrier, Branch Manager in Philadelphia, Mississippi, has accepted her new role as Supervisor in Louisiana. Elizabeth has been with Tower Loan for nine years. She was raised in Philadelphia, Mississippi. She now works as a supervisor in Louisiana, managing several different branches. She began her career at Tower in her hometown as a Customer…

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Supervisor Josh Post

Joshua Nelson Promoted to Supervisor in Texas

Joshua Nelson, Branch Manager in Meridian, Mississippi, has accepted the new role as Supervisor in Texas.  Joshua has been with Tower Loan for 16 years. He is originally from Meridian, Mississippi, and now oversees eight different branches throughout Texas.  He started with Tower in Columbus, Mississippi, as a Manager Trainee. It didn’t take long before…

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Welcoming Arnie Hederman as Director of Government Relations 

Tower Loan welcomes Arnie Hederman as Director of Government Relations, effective September 16, 2024. In this new position, he will lead the development and execution of the company’s state government relations strategy. Collaborating with government officials, policymakers, and key stakeholders to advocate for Tower’s mission and business objectives will be crucial. His efforts will ensure…

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AFSA

Darryl Schroeder of Tower Loan Joins AFSA Independents Advisory Board

We proudly announce Darryl Schroeder, Chief Financial Officer and Executive Vice President of Tower Loan, has joined the American Financial Services Association (AFSA) Independents Advisory Board. Darryl is now the fourth member of the Tower Loan team to serve on the board, following Mr. Jack Lee, Mr. Francis Lee, and Mr. Jody Macon. He is a…

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A Special Announcement

Tower Loan is pleased to announce we have purchased all of American Thrift’s non-real estate secured loan accounts based in New Orleans, Louisiana. Tower Loan will now service loans within our network of branch offices. Tower Loan’s President, Francis C. Lee, said, “This purchase will expand our market presence in the New Orleans Metro and…

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