The Graveyard › Banks › 2009
Irwin Union Bank and Trust Company
Columbus, IN · failed September 18, 2009 · FDIC certificate 10100
Irwin Union Bank and Trust Company of Columbus, IN failed on September 18, 2009. It opened on April 2, 1928, 81 years before. At its last report before that it held $2.8 billion in assets and $2.3 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2006, it held $6.3 billion. The FDIC estimates that the Deposit Insurance Fund lost $756.0 million on it.
1984-032009-06
Assets at the end$2.8 billionlast report before September 18, 2009
Deposits at the end$2.3 billion
Estimated loss to the fund$756.0 millionDIF
Largest in the quarterly reports$6.3 billionMarch 31, 2006
Equity to assets5.5%June 30, 2009
Loans not being repaid7.1%noncurrent, June 30, 2009
Return on assets-8.17%a year's rate, June 30, 2009
Staff482full time, June 30, 2009
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.