The Graveyard › Banks › 2009

Irwin Union Bank, F.S.B.

Louisville, KY · failed September 18, 2009 · FDIC certificate 57068

Irwin Union Bank, F.S.B. of Louisville, KY failed on September 18, 2009. It opened on December 12, 2000, 8 years before. At its last report before that it held $518.2 million in assets and $462.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $692.2 million. The FDIC estimates that the Deposit Insurance Fund lost $114.0 million on it.

2000-122009-06

Assets at the end$518.2 millionlast report before September 18, 2009

Deposits at the end$462.6 million

Estimated loss to the fund$114.0 millionDIF

Largest in the quarterly reports$692.2 millionMarch 31, 2008

Equity to assets8.0%June 30, 2009

Loans not being repaid7.9%noncurrent, June 30, 2009

Return on assets-5.41%a year's rate, June 30, 2009

Staff103full time, June 30, 2009

On the FDIC's list: IRWIN UNION BANK, FSB.

Could you have seen it coming? Play The Crash of '08

Also ended in 2009

Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.