Tower Loans
Tower Loans
1247 E Grove Avenue,
Rantoul, IL 61866
Phone:(217) 892-2700
Tower Loan traces its origin to 1936, when the consumer finance industry was in its infancy. The company grew and prospered. After World War II, Tower sold its offices to various employees within the company.
The Ed Clark era
The Jackson, Mississippi, South State Street Office of the original Tower group was puchased by Ed and Kate Clark. Under the ownership of the Clarks, Tower Loan brokers grew from a single office to 16 offices throughout Mississippi.
Modern Tower Loan Era
In 1972, after the death of Kate Clark, Jack Lee purchased 12 of Ed Clark's offices. The 4 offices not purchased were sold to managers within Clark's company and are still in operation today. The offices purchased by Jack Lee were located in North Jackson, Clinton, East Jackson, Yazoo City, Canton, Kosciusko, Pascagoula, Louisville, Eupora, Carthage, Moss Point, and Philadelphia. In later years, the Moss Point office was merged into Pascagoula, Clinton was moved to Southwest Jackson; and East Jackson was moved to Pearl. Some of these offices operated as Tower Loan and some operated as Russell Baker Finance.
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