The Columbus-based Irwin Union Bank which operated branches in Mesa and Phoenix was shut down on Friday, September 19, 2009 by the Office of Thrift Supervision. First Financial Bank based in Hamilton, Ohio, assumed its $2.5 billion in deposits and the branches in Arizona which were opened on Monday as First Financial Bank.

The company lost $57 million in the second quarter, compared with a loss of $107 million a year earlier. It lost $94 million in the first quarter of 2009. The toll of seized U.S. Banks has reached 94 this year.

John Laub is the Chairman of the Phoenix CEO-CFO Group.

1. "FDIC Seizes Irwin Union Bank." Chris Casacchia. Phoenix Business Journal. September 19, 2009.

2. "Irwin Union Bank Could Be Shut." Chris Casacchia. Phoenix Business Journal. September 18, 2009.

3. "2 Irwin Union Banks Reopen." Russ Wiles. The Arizona Republic. September 21, 2009.