94 Banks - The Trend Continues

Irwin Financial’s 2 Bank Units Seized, Pushing U.S. Toll to 94

The move comes after their parent firm - Irwin Financial - was unable to meet an FDIC demand to boost their capital.

Irwin Union Bank based in Louisville was closed by the Office of Thrift Supervision and Columbus-based Irwin Union Bank and Trust Co. was shut by the Indiana Department of Financial Institutions, the Federal Deposit Insurance Corp. said yesterday in a statement. First Financial Bank of Hamilton, Ohio, agreed to assume the deposits and take over 27 offices, the FDIC said.