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IRWIN FINANCIAL CORPORATION ANNOUNCES PRELIMINARY RESULTS FROM INLAND MORTGAGE SUBSIDIARY

 COLUMBUS, Ind., Oct. 1 /PRNewswire/ -- Irwin Financial Corporation (NASDAQ-NMS: IRWN) today announced preliminary third quarter results for its mortgage banking subsidiary, Inland Mortgage Corporation.
 Inland Mortgage had loan closings in the third quarter of approximately $1.1 billion, up from $0.9 billion in the same quarter in 1992.
 Strong mortgage loan closings, coupled with no servicing sales and modest servicing portfolio run-off during the quarter, helped boost Inland's mortgage servicing portfolio to $7.3 billion, as of Sept. 30, 1993, up from $4.7 billion a year earlier.
 Inland, with 40 offices in 15 states, opened its third wholesale production office in early September in Newark, Del. Inland's other three wholesale offices are located in Indianapolis; Orlando, Fla.; and Atlanta.
 Irwin Financial Corporation is an interrelated group of financial services companies serving niche markets. The corporation, through its four principal operating subsidiaries -- Inland Mortgage Corporation, Irwin Union Bank and Trust Company, Irwin Union Investor Services, Inc. and Affiliated Capital Corp. -- provides a broad range of commercial, retail and mortgage banking services as well as trust, investment, leasing, and insurance services through 58 offices in 16 states.
 Irwin Financial intends to release complete consolidated third quarter results on or about Oct. 18, 1993.
 -0- 10/1/93
 /CONTACT: Thomas D. Washburn, 812-376-1769, or Gregory F. Ehlinger, 812-376-1935, both of Irwin Financial Corporation/
 (IRWN)


CO: Irwin Financial Corporation ST: Indiana IN: FIN SU: ERP

AR -- CL018 -- 7964 10/01/93 17:01 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
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