Irwin Commercial Finance Reaches $1 Billion in Total Assets
October 04 2006 - 5:15PM
PR Newswire (US)
VANCOUVER, British Columbia, Oct. 4 /PRNewswire-FirstCall/ -- Irwin
Commercial Finance (ICF) today announced it reached $1 billion in
total assets as of August 31, 2006. Irwin Commercial Finance was
founded in 2000 by Irwin Financial Corporation (NYSE:IFC). Its 202
employees in the U.S. and Canada serve the financing needs of
franchisees and manufacturers and vendors for small- to mid-ticket
leases. The company's franchise finance business targets quick
service and casual dining franchisees in the U.S., and the leasing
division focuses on customers in the U.S. and Canada. The company
has also recently expanded its services into professional practices
acquisition financing and technology leasing. President and CEO,
Joe LaLeggia, said, "This is a tremendous achievement. It is a
clear demonstration of the efforts of our exceptional group of
professionals. Not only have we proved a valuable partner to our
customers as evidenced by this growth, we have become a meaningful
part of Irwin Financial and its future growth plans. By focusing on
both our customers and internal systems, we have achieved this
milestone with good credit quality. I am proud of the way we work
together with our employees, customers, and suppliers." 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 provides a broad range of financial services to
consumers and small businesses in selected markets in the United
States and Canada. About Forward-Looking Statements This press
release contains forward-looking statements about ICF's role in the
future growth of Irwin Financial that are based on management's
expectations, estimates, projections and assumptions. These
statements involve inherent risks and uncertainties that are
difficult to predict and are not guarantees of future performance.
Actual future results may differ materially from what is projected
due to a variety of factors, including, but not limited to,
unforeseen difficulties in meeting growth expectations at ICF or
Irwin Financial including difficulties in loan and lease
production. We undertake no obligation to update publicly any of
these statements in light of future events, except as required in
subsequent reports we file with the Securities and Exchange
Commission. DATASOURCE: Irwin Commercial Finance CONTACT: Suzie
Singer, Corporate Communications of Irwin Financial Corporation,
+1-812-376-1917 Web site: http://www.irwinfinancial.com/
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