Irwin Union Bank and Trust Company
Columbus, IN · Owner: Irwin Financial Corp
$2.8B
total assets, June 30, 2009
$2.8B
total assets, June 30, 2009
Irwin Union Bank and Trust Company was a state member bank in Columbus, IN, owned by Irwin Financial Corp. It failed on Sep 18, 2009, and First Financial Bank, N.a. took over its deposits. At its last report it held $2.8 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Sep 18, 2009
- Assets
- $2.8B
- Deposits
- $2.3B
- Estimated cost
- $756M
- Deposits went to
- First Financial Bank, N.a., Hamilton, OH
Total assets
$2.8B
-46.3% in a year · -18.7% in a quarter
Deposits
$2.3B
-23.7% in a year · -14.1% in a quarter
Loans
$2.5B
-48.0% in a year · -14.9% in a quarter
Profit so far
-$145M
Jan 1 to Jun 30, 2009
Capital ratio
5.06%
-3.75 pts in a year
Return on assets
-8.17%
-4.81 pts in a year
Facts
- Type
- State member bank
- Head office
- 500 Washington Street, Columbus, IN, 47201
- County
- Bartholomew
- Holding company
- Irwin Financial Corp
- Established
- Apr 2, 1928
- Failed
- Sep 18, 2009
- Employees
- 482
- Branches
- 22 in 4 states
- Id
- b10100
Quarter by quarter
March 31, 1984 to June 30, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Irwin Union Bank and Trust Company?
$2.8 billion in total assets and $2.3 billion in deposits as of June 30, 2009, with assets down 46.3% from a year before. Its loans were $2.5 billion.
How many branches does Irwin Union Bank and Trust Company have?
22 branches in 4 states as of June 30, 2026.
Is Irwin Union Bank and Trust Company profitable?
No: it lost $144.7 million from January 1 to June 30, 2009. Its return on assets was -8.17% a year; about 1% is typical.
Who owns Irwin Union Bank and Trust Company?
Irwin Union Bank and Trust Company is owned by Irwin Financial Corp, its holding company.
When did Irwin Union Bank and Trust Company fail?
Sep 18, 2009. First Financial Bank, N.a. of Hamilton, OH took over its deposits. The estimated cost of the failure was $756.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.