Irwin Financial Corporation Announces Retirement of John T. Hackett From Board of Directors
March 22 2004 - 3:08PM
PR Newswire (US)
Irwin Financial Corporation Announces Retirement of John T. Hackett
From Board of Directors COLUMBUS, Ind., March 22
/PRNewswire-FirstCall/ -- Irwin Financial Corporation today
announced the retirement of John T. Hackett from its Board of
Directors effective April 8, 2004. John Hackett is retiring from
Irwin's Board of Directors after 23 years of service. In 1981 --
the year in which John joined the board of Irwin -- the company
took its first step beyond community banking and outside of the
single Indiana county in which it had operated for 110 years by
acquiring Inland Mortgage Company (now Irwin Mortgage). "In the
early 1980s, deregulation imposed a series of fundamental changes
on Indiana community banks including the ability to pay interest on
checking accounts, and the ability of banks to begin branching both
within Indiana and to contiguous states," said Will Miller,
Chairman and CEO. "These new regulations were instrumental in the
implementation of the Corporation's strategy to diversify into
other geographic markets and financial services. John's leadership
on our Board during the ensuing two decades assisted Irwin
Financial in becoming the diversified company it is today." Miller
said, "Since 1981, John's insight and guidancehave been invaluable
in helping the Corporation grow 47-fold in revenues, 240-fold in
net income, and 125-fold in market capitalization. John has seen
our employee base grow from 330 people in 10 offices and 4 states
to an employee base of 3,589 people working from almost 200 offices
in 33 states and 5 provinces. A finer representative of the
interests of all our stakeholders would be hard to find. He will be
missed. We wish him the best in his retirement." Hackett's
retirement from Irwin Financial's Board of Directors brings the
total number of directors to nine. Irwin(R) Financial Corporation
(http://www.irwinfinancial.com/ ) is an interrelated group of
focused lines of business organized as a bank holding company, with
a history tracing to 1871. The Corporation, through its operating
companies -- Irwin Mortgage Corporation, Irwin Union Bank, Irwin
Home Equity Corporation, Irwin Commercial Finance, and Irwin
Ventures -- provides a broad range of customized banking 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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