Who will win the banking wars?

February 4, 2008
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Itâ??s no secret that banks are in upheaval thanks to the subprime mortgage crisis and the domino affect mess itâ??s creating.

In an IBJ story over the weekend, reporter Cory Schouten discusses the local grab for market share, as the strongest banks move to take territory from weakened competitors.

Aggressors include JP Morgan Chase & Co. and Marshall & Ilsley Corp., which bought First Indiana Corp.

Fighting to regain its footing is Irwin Financial, the parent of Irwin Union Bank. Shares in Irwin, whose roots in Columbus date nearly to the Civil War, are down 60 percent in the past year.

Which banks will end up the better after the dust settles? Which wonâ??t? And can Irwin stay independent?
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  • I have noticed that some banks change hands several times in the past several years while others (National City [NC]) has stayed the same (to the public eye). It made me feel uneasy when I started to see other banks (even bank one) change hands. I was worried that NC was going to do the same.

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