Irwin Financial is in the midst of a strategic restructuring to position us to weather the current economic crisis and prosper and grow in the recovery when it comes. Going forward, our strategy is to focus on our roots as a small business lender and local community bank, building on our 138-year history. When the restructuring is complete, we will have two segments: commercial banking and franchise finance, down from four segments two years ago.

The purpose of our strategic restructuring is to provide a sound basis for our return to profitability. Based on historic relationships of net interest income and other revenues to normalized credit and operational costs, we expect the commercial banking and franchise finance segments will enable us to do so, although the timing is uncertain.

Our commercial bank focuses on serving small businesses and their owners with a full line of deposit, credit, and investment services, as well as the consumers in neighborhoods surrounding our branches.

• Privately owned businesses with annual revenues of less than $50 million.
• Owners, employees, and families of these businesses.
• Consumers and homeowners located geographically close to our physical locations.

Our franchise finance segment provides customized commercial loan products to franchisees of quick service restaurants.

• Owners/operators of established multi-unit restaurant franchisees among the top 50 national brands.