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<TABLE> <S> <C>
<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED CONDENSED FINANCIAL STATEMENTS OF TOWER FINANCIAL CORPORATION FOR
THE SIX MONTHS ENDED JUNE 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> JUN-30-2000
<CASH> 3,696,415
<INT-BEARING-DEPOSITS> 3,232,527
<FED-FUNDS-SOLD> 23,651,890
<TRADING-ASSETS> 1,706,969
<INVESTMENTS-HELD-FOR-SALE> 0
<INVESTMENTS-CARRYING> 0
<INVESTMENTS-MARKET> 15,466,304
<LOANS> 113,728,277
<ALLOWANCE> (1,704,509)
<TOTAL-ASSETS> 159,777,873
<DEPOSITS> 137,662,847
<SHORT-TERM> 210,000
<LIABILITIES-OTHER> 656,050
<LONG-TERM> 0
0
0
<COMMON> 2,530,000
<OTHER-SE> 18,718,976
<TOTAL-LIABILITIES-AND-EQUITY> 159,777,873
<INTEREST-LOAN> 4,038,481
<INTEREST-INVEST> 344,692
<INTEREST-OTHER> 716,844
<INTEREST-TOTAL> 5,100,017
<INTEREST-DEPOSIT> 2,557,470
<INTEREST-EXPENSE> 2,563,509
<INTEREST-INCOME-NET> 2,536,508
<LOAN-LOSSES> 0
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 2,337,865
<INCOME-PRETAX> (66,272)
<INCOME-PRE-EXTRAORDINARY> (66,272)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (66,272)
<EPS-BASIC> (0.03)
<EPS-DILUTED> (0.03)
<YIELD-ACTUAL> 0
<LOANS-NON> 0
<LOANS-PAST> 0
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 0
<ALLOWANCE-OPEN> (1,704,509)
<CHARGE-OFFS> 0
<RECOVERIES> 0
<ALLOWANCE-CLOSE> 0
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
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