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<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
This schedule contains summary financial information extracted from the
condensed consolidated financial statements of Tower Financial Corporation for
the nine months ended September 30, 2000, and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 4,601,734
<INT-BEARING-DEPOSITS> 3,287,547
<FED-FUNDS-SOLD> 24,580,229
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 15,625,800
<INVESTMENTS-CARRYING> 0
<INVESTMENTS-MARKET> 0
<LOANS> 135,037,528
<ALLOWANCE> (2,024,509)
<TOTAL-ASSETS> 183,105,303
<DEPOSITS> 160,232,403
<SHORT-TERM> 530,000
<LIABILITIES-OTHER> 941,623
<LONG-TERM> 0
0
0
<COMMON> 2,530,000
<OTHER-SE> 18,871,277
<TOTAL-LIABILITIES-AND-EQUITY> 183,105,303
<INTEREST-LOAN> 6,904,843
<INTEREST-INVEST> 595,564
<INTEREST-OTHER> 1,179,659
<INTEREST-TOTAL> 8,680,066
<INTEREST-DEPOSIT> 4,591,293
<INTEREST-EXPENSE> 4,601,763
<INTEREST-INCOME-NET> 4,078,303
<LOAN-LOSSES> 1,015,000
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 3,696,742
<INCOME-PRETAX> 86,319
<INCOME-PRE-EXTRAORDINARY> 86,319
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 86,319
<EPS-BASIC> 0.03
<EPS-DILUTED> 0.03
<YIELD-ACTUAL> 3.86
<LOANS-NON> 0
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 3,397,848
<ALLOWANCE-OPEN> 1,009,509
<CHARGE-OFFS> 0
<RECOVERIES> 0
<ALLOWANCE-CLOSE> 2,024,509
<ALLOWANCE-DOMESTIC> 2,024,509
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
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