Bank failure · IN
Irwin Union Bank and Trust Company (Columbus, IN) — failed September 18, 2009
Irwin Union Bank and Trust Company of Columbus, Indiana was closed on September 18, 2009 and resolved through a purchase and assumption. First Financial Bank, N.A. (OH) took over its insured deposits. At failure it held $2.8B in assets and $2.3B in deposits. The FDIC's estimated loss on the failure is $756.0M (26.6% of assets).
- Closing date
- September 18, 2009
- FDIC certificate #
- 10100
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Financial Bank, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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