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Outstanding Shares: 30,154,000 Shares.
Authorized Shares: 200,000,000 Shares.
Note: The bank is in the CH7 bankruptcy process and the shares may be canceled very soon.
On September 18, 2009, the Indiana Department of Financial Institutions (the “DFI”) closed Irwin Union Bank and Trust Company (“IUBT”), the state chartered bank subsidiary of Irwin Financial Corporation (the “Corporation”), pursuant to Section 28-1-3.1-2(a)(6) of the Indiana Code, and appointed the Federal Depository Insurance Corporation (the “FDIC”) as receiver of IUBT. On the same day, the Office of Thrift Supervision, pursuant to 12 USC §§1464(d)(2)(A) and (d)(2)(E)(ii), closed the Corporation’s federal savings bank, Irwin Union Bank, F.S.B. (“IUBFSB” and, together with IUBT, the “Banks”) and appointed the FDIC as receiver of IUBFSB.
COLUMBUS, Ind., May 7 /PRNewswire-FirstCall/ -- Irwin Financial Corporation (NYSE: IFC - News), a bank holding company focusing on small business and consumer mortgage lending, today announced a loss of $22.2 million or $0.77 per diluted share during the first quarter of 2008. The net loss includes a non-cash mark-to-market of $8 million after tax in the Corporation's securities portfolio. Losses from the Corporation's three operating segments were $10.6 million, a $10.8 million or 51 percent improvement on a sequential quarter basis. http://biz.yahoo.com/prnews/080507/clw042b.html?.v=1
500 Washington Street
Columbus, IN 47201
United States - Map
Phone: 812-376-1909
Fax: 818-376-1705
Web Site: http://www.irwinfinancial.com
DETAILS
Index Membership: N/A
Sector: Financial
Industry: Regional - Midwest Banks
Full Time Employees: NaN
BUSINESS SUMMARY
Irwin Financial Corporation operates as the bank holding company of Irwin Union Bank and Trust Company and Irwin Union Bank, F.S.B., which provide various financial products and services in the United States and Canada. The company operates in three segments: Commercial Banking, Commercial Finance, and Home Equity Lending. The Commercial Banking segment provides credit, cash management, and personal banking products and services primarily to small businesses and business owners. It offers a line of consumer, mortgage, and commercial loans, as well as personal and commercial checking accounts, savings and time deposit accounts, personal and business loans, credit card services, money transfer services, financial counseling; property, casualty, life, and health insurance agency services; trust services; securities brokerage; and safe deposit facility services. The Commercial Finance segment originates small-ticket equipment leases and provides financing for franchisees of qualified quick service and casual dining restaurant concepts in the U.S. This segment finances various commercial and office equipment types. It loans to franchisees, including financing of real estate and equipment. This segment also engages in professional practice financing and information technology leasing to middle and upper middle market companies. The Home Equity Lending segment originates, purchases, securitizes, and services home equity loans, lines of credit, and first mortgages. It serves creditworthy and home owning consumers who are active and unsecured credit card debt users. This segment markets its home equity products and first mortgage refinance programs through Internet, mortgage brokers, and correspondent lenders. The company was founded in 1871 and is headquartered in Columbus, Indiana.
KEY EXECUTIVES
Mr. William I. Miller , 51
Chairman, Chief Exec. Officer and Pres
Mr. Gregory F. Ehlinger , 45
Chief Financial Officer and Sr. VP
Mr. Brad Kime , 47
Pres of Irwin Union Banks Commercial Line of Bus., Pres - Irwin Union Bank F S B, Chief Operating Officer of Irwin Union Bank and Trust and Exec. VP of Irwin Union Bank and Trust
Mr. Joseph R. LaLeggia , 46
Pres - Irwin Commercial Fin. Corp.
Ms. Elena Delgado , 52
Chief Exec. Officer of Irwin Home Equity
Shares
29.6 m
Float
18.6 mil
