Elena Delgado to Retire as President of Irwin Home Equity
October 25 2005 - 5:01PM
PR Newswire (US)
COLUMBUS, Ind., Oct. 25 /PRNewswire-FirstCall/ -- Irwin Financial
Corporation (NYSE:IFC), a bank holding company focusing on mortgage
banking, small business banking and home equity lending, today
announced that after 11 years of service to Irwin Home Equity (IHE)
as its President, Elena Delgado will retire effective December 29,
2005. Jocelyn Martin-Leano, currently Executive Vice-President of
Operations, will assume the position of Interim President of IHE
until a thorough search is concluded for a new President. Ms.
Martin-Leano, who has extensive experience in financial services
companies, has played a significant role in IHE's success since
joining the Company nine years ago. "Elena Delgado was instrumental
in the creation of Irwin Home Equity from the very beginning," said
Will Miller, Chairman and CEO of Irwin Financial. "She has seen it
through the first eleven years of its life and successfully
established it as an important line of business within the Irwin
Financial family. We wish her well in her retirement. We are
fortunate to have someone as capable and experienced as Jocelyn
Martin-Leano already on the team to step into Elena's shoes as
Interim President, enabling the company not to miss a beat." Ms.
Delgado was first engaged by Irwin Financial Corporation in March
of 1994 to develop a plan for entry into the home equity business.
Irwin Home Equity was formed in September 1994 and Ms. Delgado has
served as President since that time. During her tenure as
President, she grew IHE to over 600 employees and $3.3 billion in
assets under management. Under Ms. Delgado's leadership, IHE was
instrumental in building high loan-to-value home equity lending and
securitization of second mortgage loans in the asset-backed
markets. Following her retirement from employment at IHE, Ms.
Delgado will serve as a consultant advising on the long-term
strategic direction for the company; the details of the agreement
are under discussion. About Irwin Financial Irwin(R) Financial
Corporation (http://www.irwinfinancial.com/ ) is a bank holding
company with a history tracing to 1871. The Corporation, through
its principal lines of business -- Irwin Mortgage Corporation,
Irwin Union Bank, Irwin Home Equity Corporation and Irwin
Commercial Finance -- provides a broad range of financial services
to consumers and small businesses in selected markets in the United
States and Canada. DATASOURCE: Irwin Financial Corporation CONTACT:
Suzie Singer, Corporate Communications of Irwin Financial
Corporation, +1-812-376-1917 Web site:
http://www.irwinfinancial.com/
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