Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective October 9, 2012, the Company's subsidiary, Tower Bank & Trust Company, entered into an Employment Agreement ("Agreement") to employ Mr. Wendell Bontrager as its Executive Vice President, Chief Lending Officer with an annual base salary of $167,375. Mr. Bontrager will also be eligible for additional compensation by way of salary, bonus, stock compensation, fringe benefits, expense reimbursements for necessary business expenses incurred in connection to her employment, or otherwise as deemed appropriate. The term of the Agreement is two years commencing on the effective date of October 9, 2012 and terminating on October 9, 2014. The term of the agreement will automatically renew for successive terms of equal duration, unless either party provides the other written notice of its intent not to renew for a successive term at least sixty
(60) days prior to the last day of the then current term.

A copy of the Agreement is attached hereto as Exhibit 10.29

Item 9.01 Financial Statements and Exhibits.

(d) 10.29 Employment Agreement - Wendell L. Bontrager

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