IFC Irwin Financial Corp

CDARS Provides Convenience and Security in a Turbulent Marketplace INDIANAPOLIS, Sept. 27 /PRNewswire-FirstCall/ -- Depositors with more than $100,000 no longer have to maintain relationships with multiple banks to enjoy the full protection of Federal deposit insurance. With a new service, the Certificate of Deposit Account Registry Service(R) or CDARS(R), Irwin Union Bank can provide clients with as much as $50 million in Federal deposit insurance. CDARS can serve as an attractive deposit option for investors in search of greater security. "This is one-stop shopping for our clients," explains Brad Kime, President of Irwin Union Bank. "We think clients will enjoy the security of full FDIC insurance on their deposits and appreciate the convenience of consolidating all their CD investments into one portfolio. CDARS is another tool we are now pleased to offer to help our clients manage their money." Since Congress set FDIC coverage limits at $100,000 per account in 1980, inflation has eroded more than half the value of this deposit insurance. When an investment is made in a CDARS account, Irwin Union Bank places client funds among other FDIC-insured banks. This allows clients to manage all their funds through one portfolio at Irwin Union Bank. Clients benefit from the ease of working with only one institution and receiving only one statement. Clients in search of security such as retirees, small business owners, non-profit organizations and high net-worth individuals can take advantage of the benefits of a CDARS account with Irwin Union Bank. "CDARS is another example of how we value and understand the needs of our clients," said Kime. For more information on CDARS and our complete suite of innovative banking solutions, please visit http://www.irwinunion.com/ or call 888-879-5900. About Irwin Union Bank Irwin Union Bank and Trust Company and Irwin Union Bank, F.S.B. (http://www.irwinunion.com/) are wholly owned subsidiaries of Irwin Financial Corporation (NYSE:IFC) which is headquartered in Columbus, Indiana. Irwin Union Bank and Trust Company was founded in 1871, and today operates locally- managed banks in Indiana, Michigan, Nevada and Utah. Irwin Union Bank, F.S.B. operates locally-managed banks in Arizona, California, Kentucky, Missouri, Nevada, New Mexico and Wisconsin. Both companies specialize in providing a broad array of personalized financial services for the owner-operated business, entrepreneurial and professional markets. 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 small businesses and consumers in selected markets in the United States and Canada. DATASOURCE: Irwin Union Bank CONTACT: Patrick Dolan, Communication Specialist of Irwin Union Bank, +1-317-237-1596 Web site: http://www.irwinunion.com/ http://www.irwinfinancial.com/

Copyright