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May 22, 2015

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Irwin Union Bank seized by regulators

Irwin Union Bank, a financial institution operating in Las Vegas, has been seized by state and federal regulators and sold to Ohio-based First Financial Bank.

First Financial bought the deposits and most of the assets of Irwin Union and its sister, Irwin Union Bank and Trust Co. The banks are subsidiaries of Irwin Financial Corp.

Irwin Union had one branch in Las Vegas, but was the valley’s 14th largest in terms of deposits, with $364 million in deposits in Clark County as of June 2008, the most recent available numbers, according to In Business Las Vegas research.

The bank will reopen Saturday as First Financial Bank. Irwin customers can call the FDIC at (800) 528-4893. First Financial Bank can be reached at (888) 907-3477.

Customers can also visit www.fdic.gov/bank/individual/failed/irwin-ky.html.

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