IRWIN UNION BANK AND TRUST COMPANY Failed 2009
What happened
IRWIN UNION BANK AND TRUST COMPANY of COLUMBUS, IN was closed on 2009-09-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FINANCIAL BANK, N.A. (HAMILTON, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3686
- FDIC Certificate
- 10100
- FDIC FIN
- 10120
- Bank name
- IRWIN UNION BANK AND TRUST COMPANY
- Location
- COLUMBUS, IN
- Failure date
- 2009-09-18
- FDIC resolution date
- 2009-09-18
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $756M
- Deposits at failure
- $2,254M
- Assets at failure
- $2,840M
- Acquiring bank
- FIRST FINANCIAL BANK, N.A. (HAMILTON, OH)
Other banks FIRST FINANCIAL BANK, N.A. acquired in FDIC resolutions