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Irwin Asset
     Backed Securities

2005 News

Irwin Financial Corporation Announces
First Quarter Dividend

CONTACT:
Suzie Singer
Corporate Communications
(812) 376-1917

COLUMBUS, Indiana -- February 10, 2005 -- Irwin Financial Corporation (NYSE: IFC) today announced a dividend of $0.10 per share to be paid on March 25, 2005, to all shareholders of record on March 11, 2005. The dividend rate is a $0.02 per share or 25 percent increase as compared with the dividend paid in the same quarter a year earlier.

Irwin® Financial Corporation (http://www.irwinfinancial.com) is an interrelated group of specialized financial services companies organized as a bank holding company, with a history tracing to 1871. The Corporation, through its major subsidiaries -- Irwin Mortgage Corporation, Irwin Union Bank, Irwin Home Equity Corporation, and Irwin Commercial Finance -- provides a broad range of financial services to consumers and small businesses in selected markets in the United States and Canada.

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