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Home > Company Index > Banking > Banking - Midwest > Irwin Financial Corporation

Irwin Financial Corporation
Nasdaq: IRWN
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 PROFILE
Irwin Financial is a holding company with an emphasis on mortgage banking. Subsidiary Irwin Mortgage makes, purchases, and services residential mortgage loans through nearly 90 offices nationwide. Irwin Union Bank and Trust has more than 20 branches and loan production offices serving Indiana, Michigan, Missouri, and Nevada with community banking services. Irwin Home Equity originates home equity loans, which the company solicits via direct mail, telemarketing, and the Internet. Other units provide venture capital to financial services firms, fund equipment leases, and sell credit life insurance to bank customers. Chairman William Miller owns 51% of the company, which bought Canadian leasing firm Onset Capital.

 COMPETITION
BANK ONE CORPORATION (ONE)
Bank of America Corporation (BAC)
Countrywide Credit Industries, Inc. (CCR)

 DEALS
Deal: NetEarnings Raises $10 Million
Date Announced: 09.15.99
Value of transaction (US $Mil): 10
Description: Maker of LoanWise and CreditFYI online financial services aimed at small businesses gets additional round of financing from venture and corporate backers.

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 396.20
1-Yr. Sales Growth: 19.8%
Employees: 2,412
Revenue per employee: $164,262.02

 KEY PEOPLE
• John A. Nash
    CEO
• Gregory F. Ehlinger
    CFO

 CONTACT INFO
500 Washington St.
Columbus, IN 47201
US
Phone: 812-376-1909
Fax: 812-376-1709
Online: Web Site

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