Irwin Financial News

The Canadian Press Intact Financial Corp. reported a net loss in the third quarter as lower underwriting results and a non-cash accounting loss combined with the impact of lower market yields to weigh heavily on earnings.

A stormy summer season left insurer Intact Financial Corp. , the former ING Canada, with a loss in the third quarter as more people filed claims, while its chief executive said higher premiums could be developing across the industry.

New post: Director of human resources at Katz, Sapper & Miller. Previous position: Director of talent management at Irwin Financial Corp.

An executive session of the Luna County Board of Commissioners, Thursday morning, ended without any public announcement.

An Irwin County man has died as a result of the H1N1 virus. That's the 32nd death in Georgia, and a fifth have been in southwest Georgia.

Engine maker Cummins Inc. said Tuesday it will buy $25 million of stock of Irwin Financial Corp.

New post: Director of human resources at Ice Miller. Previous position: First vice president of Human Resources and Development at Irwin Financial Corp.

Special to the Kalamazoo Gazette KALAMAZOO - The staff and business established in Kalamazoo during the past 10 years by Irwin Union Bank and Trust Co.

Irwin Union Bank and Trust Co. collapsed during what has been a nasty economic downturn.

Private philanthropy transforms a small Midwestern town into an architectural marvel.

A remarkable 21 percent of Indiana's homegrown banks lost money in the second quarter, a sign that many banks are not ready to sharply raise loan volumes and pump out the money that businesses need to ramp up again.

While some banks have been retreating due to the ongoing pressures of the financial market, one local company is showing it can not only survive, but thrive in today's market.

GREENSBURG -- A week after a Columbus, Ind., bank became the first in Indiana to fail in the current recession, another banking company is hiring nearly a dozen of that bank's former employees and planning to move into the Bartholomew County seat.

U.S. regulators said total losses from large loans at banks and other financial institutions nearly tripled to $53 billion in 2009, due to a deteriorating economic environment and continued weak underwriting standards.

First Financial Bancorp has purchased the operations of Irwin Union Bank and Trust Company and Irwin Union Bank through an agreement with the Federal Deposit Insurance Corporation.

Four Michigan offices of the former Irwin Union Bank & Trust Co. are among those acquired by an Ohio bank the FDIC plans to examine further.

Hours after federal and state regulators shuttered two of its banking subsidiaries, Indiana-based Irwin Financial filed a voluntary petition for Chapter 7 bankruptcy protection.

The FDIC has announced that Irwin Union Bank, FSB and Irwin Union Bank and Trust Company, both banking subsidiaries of Irwin Financial Corporation out of Columbus, IN, were closed by state regulators last week.

Irwin Financial Corporation has filed for bankruptcy, and its trading of its common stock has been suspended by the New York Stock Exchange.

The company entered into a purchase and assumption agreement with the FDIC on Sept.