Tower Loan

Best Places to Work in Mississippi: Tower Loan

Tower Loan

Tower Loan has always maintained a reputation for being especially good to their employees. And recently, the Mississippi Business Journal listed them as one of the 2014 “Best Places to Work in Mississippi”. According to Alan Turner of The Mississippi Business Journal, “These companies set the pace for building great working environments for their employees, and contributing to Mississippi’s economy.”

The 1980’s and Early 1990’s: a Rich Time for Tower Loan

In 1983, Tower Loan hit another milestone. They formed two insurance companies so they could provide credit-related insurance services. American Federated Insurance Company was created to be a credit property insurance company. American Federated Life Insurance Company was the same concept, however was applied to medical causes such as accidents and health insurance.

The addition of these two companies boosted Tower Loan’s range of abilities, and success resulted. Throughout the 1980’s, Tower Loan’s number of MS offices grew from 16 to 29, making them the largest consumer finance company based in Mississippi.

The 1990’s were especially good to Tower Loan, and in the year 1990 they made their largest acquisition yet. Tower Loan bought out the Louisiana-based Reliable Finance Company, granting them the addition of 13 extra office locations in another state.

At that time, the only branch still under operation as Russell Baker Finance was in Vicksburg, MS. That name was lost shortly before the acquisition of Reliable Finance and the eventual creation of the holding company First Tower Corp, which also took the Vicksburg office under its umbrella.

Following this enormous deal, the amount of offices under Tower’s name grew to 51 total. And in December of 1992, Tower Loan acquired an extra nine offices from the Eagle Federal Savings Bank, raising Tower to a total of 60 offices. It was a huge boost to the already steady growth of Tower Loan. With two states and dozens of offices, Tower Loan was able to implement their traditional approach of superior customer service to a new group of customers.

Tower Loan Seeks Talented Individuals

With over three quarters of a century in business, Tower Loan has been in a state of constant growth and expansion ever since first opening for business in 1936. Now with hundreds of branches operating across Louisiana, Illinois, Alabama, Mississippi and Missouri, Tower Loan proudly employs over 800 skilled workers that serve over 250,000 satisfied clients. Constantly looking for new branching opportunities and pockets for growth, Tower Loan encourages any and all smart and talented professionals to come forward in joining their organization. They have several open spots they are looking to fill, each of which is assigned to one of the positions described below.

Manager Trainee

The fast lane to promotion within the company, Tower Loans’ Manager Trainee Program is challenging but yields great potential for reward. Manager trainees are trained to perform the same duties as branch managers, such as reviewing all contracts for accuracy, distributing prospects, addressing individual concerns and assisting in the hiring and development of staff members.

Customer Service Representative

The Customer Service Representative is the frontline when it comes to all customer interactions. They greet guests when they walk through the door, answer phones, and respond to e-mails in a professional and friendly manner. Furthermore, all CSRs perform routine receptionist duties such as filing paperwork and responding to any miscellaneous inquiries.

Corporate Office Staff

The corporate office of Tower Loan is located in Flowood, Mississippi and currently staffs 40 employees. The corporate office seeks assistance in the following departments: Human Resources, Marketing, Legal, Computer Services, Compliance, Accounting, Logistics and Corporate Management.

Tower Loan - A Great Place to Work

Tower Loan is currently seeking talented individuals, which is an opportunity that any aspiring young professional should at least consider for a few reasons. Aside from recently being listed as one of 2014’s “Best Places to Work in Mississippi” by the Mississippi Business Journal, there are many factors about a career at Tower Loan that carry universal appeal to job seekers.


With over three quarters of a century (and counting) of conducting business, Tower Loan exemplifies the kind of established company someone could work for without ever worrying about the whole company going belly up. Tower Loan has stayed strong throughout recession, raised interested rates and a slew of government regulations that stilled the business of other companies. Tower Loan is strong and adaptable, offering unmatched job securities to high performers.


Along with job security, Tower Loan offers a number of benefits to make the life of the employee comfortable. Tower Loan employees enjoy competitive pay, 401k, comprehensive health benefits, manager expense account, disability insurance, a membership at the local civic club, employee Christmas presents, paid time off, and access to company lodging in Gulf Shores, AL and Destin, FL.


Workers are always encouraged to perform better at Tower Loan, as the company believes there should never be a ceiling on success. Employees strive for incentive pay such as annual and promotional bonuses to keep them motivated throughout the work day. These incentive programs add to the competitive culture of Tower Loan and make the job environment exciting and rewarding for all.

Tower Loan’s Many Locations

Tower Loan, with over 75 years of business, has branched out to have hundreds of fully operational offices spread out across five states.


Gadsen, Huntsville, Athens, Decatur, Montgomery, Cullman, Florence, Hoover, Selma, Mobile, Northport.


Carbondale, Marion, Mt. Vernon, Effingham, Mattoon, Jacksonville, Springfield, Quincy, Champaign, Danville, Macomb, Bloomington, Derby, Peoria, Galesburg, Kankakee, Rock Island


Tallulah, Oak Grove, Winnsboro, Rayville, Ferriday, Bastrop, Monroe, Bogalusa, Amite, Jena, Farmerville, Hammond, Zachary, Covington, Baton Rouge, New Roads, Marksville, Denham Springs, Ruston, Winnifield, Hodge, Pineville, Bunkie, Alexandria, Slidell, Gonzales, Plaquemine, Laplace, Ville Platte, Homer, Natchitoches, Breaux Bridge, Oakdale, Minden, Eunice, Lafayette, New Iberia, Jeanerette, Springhill, Morgan City, Crowley, Houma, Leesville, Many, Abbeville, Bossier City, Mansfield, Jennings, Shreveport, Deridder, Vivian, Lake Charles


Clinton, Jackson, Pearl, Richland, Byram, Rideland, Brandon, Canton, Crystal Springs, Vicksburg, Yazoo City, Mendenhall, Forest, Port Gibson, Carthage, Rolling Fork, Brookhaven, Lexington, Prentiss, Belzoni, Kosciusko, Collins, Hollandale, Newton, Philadelphia, McComb, Indianola, Laurel, Leland, Columbia, Greenwood, Magnolia, Greenville, Winona, Tylertown, Natchez, Louisville, Hattiesburg, Meridian, Ruleville, Cleveland, Eupora, Grenada, Waynesboro, Starkville, Poplarville, Wiggins, Bruce, West Point, Clarksdale, Water Valley, Houston, Picayune, Columbus, Batesville, Lucedale, Oxford, Gulfport, Pontotoc, Waveland, Amory, Senatobia, Biloxi, Tupelo, Tunica, New Albany, Pascagoula, Fulton, Hernando, Holly Springs, Baldwyn, Olive Branch, Horn Lake, Ripley, Corinth


Caruthersville, Kennett, Poplar Bluff, Sikeston, West Plains, Cape Girardeau, Nixa, Perryville, Springfield, Farmington, Monett, Neosho, Lebanon, Rolla, Desoto, Carthage, Joplin, Osage Beach, Washington, Ballwin, Jefferson City, St. Charles, Nevada, St. Peters, Fulton, Sedalia, Columbia, Mexico, Warrensburg, Marshall, Moberly, Lee’s Summit, Blue Springs, Hannibal, Liberty, Kirksville, St. Joseph, Maryville

Tower Loan on Keeping Good Credit

With the better half of a century under their belt, Tower Loan has been a leader in customer satisfaction for the financial loan industry. They have exemplified stability through recession, inflated interest rates and several periods of critical legislation. Tower Loan knows how to stand strong throughout vulnerable times, and their formula is not very complicated. Below, Tower Loan shares some wisdom on maintaining a good credit score.

Invest in Credit

In order to build credit, you need to go get some first. Applying for and getting credit cards and loans can be good for your credit so long as you manage them responsibly. Invest in a major credit card or auto or education loan with a low interest rate and no hidden fees. Whichever you choose, make sure to use it and keep up with all payments.

Limit Your Spending

Once you have attained credit, it may be tempting to go on a shopping spree. And it’s okay to do that, so long as you stay within a reasonable range. And “reasonable” means that you are able to pay back every penny, and a little more. This is why it is most advisable to not rely on credit cards when you do not have sufficient income.

Be Responsible with Payments

Always make your payments on time, and always try to pay more than the minimum. When you only pay the minimum you are not doing yourself any favors in terms of reducing that debt. Make sure to also keep your balance low and to not exceed your credit limit.

Tower Loan Is on the College Tour

Tower Loan is looking for talented individuals to fill seats at one of their several branch offices. Recently voted as one of the “Best Places to Work in Mississippi” by the Mississippi Business Journal, Tower Loan has a long history of being very good to their employees. They offer competitive pay, great benefits and plenty of room for entry-level individuals to grow into successful leadership roles. Tower Loan has been busy all through September and October making their name known on college campuses in the Mid-South region.

Mizzou Accounting Career Fair and College of Business Fair

Tower Loan set up displays and had employees manning the stand at Mizzou for both their Accounting Career Far as well as their College of Business Fair. With over 35 branch offices spread out over the state of Missouri, in-state students of Mizzou are offered a rare opportunity to become a business success in their very own communities. As for out-of-state students that wish to stay in Missouri after graduation, they have a pick at where they can settle down in the state.

UL Lafayette

Tower Loan traveled to the University of Louisiana at Lafayette to recruit future leaders for their manager trainee program. As Ragin’ Cajuns, University of Louisiana at Lafayette students have the fire and passion needed to run a successful Tower Loan branch in their community.

LSU Fall Career Expo

With roughly 50 offices spread across the state of Louisiana, there is plenty of room for the Tigers and Ragin’ Cajuns to share in the communal success that is Tower Loan’s manager trainee program. That’s why Tower Loan went to the Pete Maravich Assembly Center to speak with students from Louisiana State University about the outstanding job opportunities available to graduates and soon-to-be graduates.

Tower Loan Supports Wounded Warrior Project

With a dedication to community, Tower Loan always seeks ways to enhance the neighborhoods around their branch offices by offering personalized loans services to residents and being a place of employment for many natives of the area. And while philanthropy is a value held dear at Tower Loan, the corporate office proudly embraces the Wounded Warrior Project as a way to centralize the giving efforts of Tower Loan to a foundation that supports people in every community that hosts a branch office, among many more areas.

The Wounded Warrior Project is a charitable organization that supports disabled veterans through donating resources to them and their families that help them cope with any complications that were inflicted as a result of time on the battlefield. The Wounded Warrior Project has been established for over a decade and hosts many fundraising events as well as takes donations on their website, all towards a heightened quality of life for our disabled veterans.

In August of every year, Tower Loan holds a company fundraising event for a select charity. This past year, the senior committees at Tower Loan agreed upon adopting the Wounded Warrior Project for this year’s fundraiser, as well as many more to come. Members of each Tower Loan branch sprung to action to help collect funds for this honorable cause, and the support they received from the community was incredible. Within just thirty days Tower Loan had raised over $49,000 for The Wounded Warrior Project. Tower Loan is proud support our veterans, and looks forward to doing it again in 2015.