Irwin Financial Corporation is proud of their long history of banking acumen. Dating back to 1871, this wide-ranging banking conglomerate has more than proven their mettle over the generations.
The company’s story is a gripping one. First originated as the home bank for the Columbus, Indiana community over 130 years ago, their now-impressive corporate headquarters are still located there. Created by Joseph Ireland Irwin and passed on to his son William in 1910, the financial institution struggled mightily to find its way through the decades and become the colossus it is today, and remained a family business until 2004, when founder Joseph’s great-grandson, J. Irwin Miller, passed away.
Irwin Financial Corporation’s stated company strategy is to help their customers and shareholders by offering valuable financial services. At this writing, the company is in the process of a strategic, massive restructuring plan to enable them to not only hold their own against the economic crisis of the times, but to rise above it and continue to expand.
Part of Irwin Financial’s crucial restructuring plan was accomplished on July 1, 2009, when the company succeeded in selling nearly $200 million dollars worth of commercial loans, and branch bank locations in Shelbyville, Greensburg and Carmel, Indiana. These three bank centers are all located close to Indianapolis within thriving communities. All three branches and almost the entire loan package were picked up by local First Financial Bank. By making this sweeping change, the company hopes to buy the time and capitalization they need in order to effect their recapitalization plan.
Listed on the New York Stock Exchange as “IFC,” Irwin Financial Corporation stock has recently undergone a downward trend in value, as have so many other company’s offerings around the world. Global economic crisis affects us all, at some point, on many levels. The whole trick is whether you have the ability to keep adjusting. It’s evident that Irwin Financial certainly does. Irwin Financial is one of the 50 largest public companies in Indiana.
Irwin Financial Corporation
500 Washington St
Columbus, IN 47201-6230
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