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The History of Irwin Union Bank

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Irwin Union Bank F.S.B., headquartered in Louisville, Kentucky, was a subsidiary of Irwin Financial Corporation (NYSE: IFC). It was founded in 1871, and had branches now in the states of Indiana, Michigan, Utah, and Nevada, Arizona, Missouri, Wisconsin, Kentucky, California, and New Mexico. At its peak, Irwin Union Bank had $2.7 billion in assets and $2.1 billion in deposits. The bank failed in September of 2009 during the subprime mortgage crisis, and it was sold to First National Bank, National Association, Hamilton, Ohio with the help of the Federal Deposit Insurance Corporation (FDIC).

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