Tower Loan is pleased to announce the purchase of all of the non-real estate secured loan accounts of American Thrift, based in New Orleans, Louisiana.
The loans will now be serviced by Tower Loan within our network of branch offices. Tower Loan’s President Francis Lee said, “This purchase will expand our market presence in the New Orleans Metro and Baton Rouge areas while creating customer relationships we might otherwise have not had an opportunity to enjoy. We are hopeful that a number of the American Thrift team members will be interested in joining our team and servicing the Tower Loan and American Thrift customers together.“
The accounts will be placed into the Tower branch closest to the home of the customers. But, Tower anticipates its branches in Harvey, Kenner, Covington, and Denham Springs will receive most of the new accounts and customers.