Fort Wayne Tower Financial Corp Losses Millions

$4.1 million gone for Tower's last's year second quarter report. From the article it sounds like Tower's funding the business world businesses.

According to Securities and Exchange Commission documents, the bank’s lending is strongly concentrated in the areas of commercial and commercial real-estate, which accounted for 73 percent of its loans at the end of last year. Home mortgages made up 16 percent of its loans, and the smaller, shorter-term consumer loans were just 11percent of its loans.

And are these folks on the board of directors,

Tower has also launched a new marketing campaign that highlights the company’s directors. Cahill called the local business leaders an asset to the bank. They include Keith Busse, CEO of Steel Dynamics Inc.; Scott Glaze, CEO of Fort Wayne Metals; Chuck Surack, CEO of Sweetwater Sound Inc.; and Jerry Henry, CEO of Midwest Pipe & Steel Corp

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If so would this not be a conflict of interest, self-deal or a lack of fidiciary duty?