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Irwin Financial
Judge tosses out lawsuit blasting Irwin executives
October 6, 2012
Greg AndrewsA judge dismissed a lawsuit filed by Irwin Financial Corp.'s bankruptcy trustee, saying the only party with the right
to bring suit was the bank’s receiver, the Federal Deposit Insurance Corp. It didn't do so by last month's deadline.
MoreBank directors feeling greater scrutiny
October 15, 2011
Francesca JaroszTough economy, regulations dampen interest in the positions.
MoreFirst Financial singled out as growing company in troubled industry
September 17, 2011
IBJ StaffThe bank that took over operations of failed Irwin Union Bank of Columbus two years ago recently announced the purchase of
all 22 Flagstar Bank branches in Indiana.
MoreFirst Financial buying Flagstar's 22 Indiana branches
August 16, 2011
Greg AndrewsFirst Financial said the $23 million purchase gives it a rare opportunity to expand its presence in the Indianapolis metro
area at a time there are few acquisition targets available.
MoreCost cutting planned by Integra Bank's new owner
August 1, 2011
IBJ Staff and Associated PressOld National Bank President Bob Jones said an undetermined number of jobs will be eliminated, with the bulk of them being
branch managers and other management positions.
MoreIntegra Bank's auditor says situation may be dire
February 1, 2011
IBJ StaffMonday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial
institution to fail since the financial crisis began in 2008.
MoreIrwin Financial trustee poised to sue insiders
November 13, 2010
Greg AndrewsCourt papers reveal officers and directors of the holding company for the failed Columbus-based bank will soon be defendants
in a $40 million suit.
MoreCourt of Appeals upholds Miller estate decision
September 30, 2010
Kathleen McLaughlinThe Indiana Court of Appeals has sided with former Columbus, Ind., banker Will Miller in an estate battle launched by his
older brother, Hugh. In an opinion issued Thursday, the court said Will Miller was correct to spend more than $20 million
over 3-1/2 years on the upkeep of properties owned by the wealthy Columbus family.
MoreFeds take over $20M Irwin pension shortfall
August 23, 2010
IBJ StaffThe Pension Benefit Guaranty Corp. estimates Irwin Financial Corp.’s pension plan is 56 percent funded, with assets
of $26.7 million
to cover $47.2 million in benefit liabilities.
MoreFirst Merchants, First Financial mull expansion
August 7, 2010
Norm HeikensAcquisitions situate banks to seek market share in Indianapolis.
MoreMiller brothers who shared in fortune fighting over $3 million
June 5, 2010
Kathleen McLaughlinJ. Irwin Miller’s two sons have been battling for years over who should have paid expenses on the wealthy Columbus family’s
homes and businesses, but their fight isn’t about the money—especially after they inherited at least $20 million
apiece.
MoreNew collateral rules for Indiana deposits may favor big banks
May 22, 2010
Peter SchnitzlerNew state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest
banks and hurting the smallest.
MoreReport: Examiners failed to curb risky lending at Irwin Union
May 5, 2010
IBJ Staff and Bloomberg NewsThe now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage
borrowers with insufficient collateral.
MoreBanks gobble TARP money, suffer losses
December 26, 2009
Peter SchnitzlerThe housing meltdown and recession gave banks in Indiana and across the nation their biggest test in decades.
MoreFirst Financial gets sweet deal on Irwin Financial's bank assets
October 24, 2009
Greg AndrewsIt’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants
of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp
was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms
that would make any deal-maker proud.
MoreFDIC fee hitting small banks particularly hard
October 3, 2009
Scott OlsonFees imposed on U.S. banks to rebuild a Federal Deposit Insurance Corp. fund nearly depleted by scores of bank failures is
expected to sap profits of small financial institutions. Community banks with less income than their larger counterparts are
particularly at risk of having their 2009 earnings erased by the charges after an emergency fee on banks took effect June
30.
MoreIrwin Financial files for bankruptcy liquidation
September 21, 2009
Peter SchnitzlerColumbus-based Irwin Financial Corp. has filed for Chapter 7 bankruptcy, setting the stage for the liquidation of the remaining
assets of the troubled banking company.
MoreUnfinished federal bailout sealed Irwin's failure
September 21, 2009
Peter SchnitzlerUp to the end, Columbus-based Irwin Financial Corp. anticipated a government bailout that never materialized.
MoreAustralian owner abandons efforts to sell Chase Tower
September 19, 2009
Greg AndrewsMacquarie Office Trust of Sydney has quietly pulled the 48-story Chase Tower off the market, along with a property in Boston
and a property in Denver that failed to draw juicy enough offers.
MoreRegulators close Irwin banking operations
September 18, 2009
IBJ StaffState and federal regulators shut down the two banking subsidiaries of ailing Irwin Financial Corp. of
Columbus. The action makes Irwin Union Bank and Irwin Union Bank FSB the first financial institution failures in Indiana since
steep losses hit the industry last year.
MoreIrwin Financial admits outlook dire
September 16, 2009
Greg AndrewsShares of Irwin Financial Corp. plummeted this morning after the banking company disclosed that regulators have ordered it
to bolster its capital by the end of the month to levels "it has no realistic prospect of achieving."
MoreIrwin Financial narrows losses, continues restructuring
August 5, 2009
Scott OlsonIrwin Financial Corp. narrowed its losses in the second quarter, as the company continued to restructure or face the possible
suspension of its business.
MoreRegulators hike Irwin Union's capital requirements
July 27, 2009
Peter SchnitzlerRegulators have told Irwin Union Bank FSB that it must boost its capital by the end of next month or face the possible
suspension of its business.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.