The Irwin Union Bank building in Columbus, Indiana, was built in 1954. It was designated a National Historic Landmark by the National Park Service in 2001 for its architecture.
The building consists of a one-story bank structure adjacent to a three-story office annex. A portion of the office annex was built along with the banking hall in 1954. The remaining, much larger portion, designed by Kevin Roche, John Dinkeloo and Associates, was built in 1973.
Eero Saarinen designed the bank building with its glazed hall to be set off against the blank background of its three-story brick annex. Two steel and glass vestibule connectors lead from the north side of this structure to the annex.
The building was designed to distance the Irwin Union Bank from traditional banking architecture, which mostly echoed imposing, neoclassical style buildings of brick or stone. Tellers were behind iron bars and removed from their customers. Saarinen worked to develop a building that would welcome customers rather than intimidate them.
On Friday, September 18, 2009, Irwin Union Bank and Trust Company, Columbus, Indiana, was closed by the Indiana Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. First Financial Bank of Hamilton, Ohio, purchased all deposits and virtually all assets of Irwin Union Bank and will participate in a loss-share transaction jointly with the FDIC. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for both institutions will be $850 million.
Famous quotes containing the words union, bank and/or trust:
“One thing that makes art different from life is that in art things have a shape ... it allows us to fix our emotions on events at the moment they occur, it permits a union of heart and mind and tongue and tear.”
—Marilyn French (b. 1929)
“That strain again, it had a dying fall;
O, it came oer my ear like the sweet sound
That breathes upon a bank of violets,
Stealing and giving odor. Enough, no more,
Tis not so sweet now as it was before.”
—William Shakespeare (15641616)
“No married woman ever trusts her husband absolutely, nor does she ever act as if she did trust him. Her utmost confidence is as wary as an American pickpockets confidence that the policeman on the beat will stay bought.”
—H.L. (Henry Lewis)