MINNEAPOLIS, Jan 22, 2003 (BUSINESS WIRE) -- Irwin Mortgage Corporation has
selected U.S. Bank as document custodian for its mortgage files. In its role as
custodian for approximately 115,000 files, U.S. Bank will be responsible for
file certification, storage and compliance with the Government National Mortgage
Association (Ginne Mae), Federal National Mortgage Association (Fannie Mae),
Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal Home Loan Bank
Indianapolis-based Irwin Mortgage Corporation, a subsidiary of Irwin Union Bank,
is one of America's top mortgage lenders with over 100 offices nationwide and
servicing over $15 billion of residential loans. Irwin Union Bank of Columbus,
Indiana, is an established banking firm with over 132 years servicing its
"We chose U.S. Bank Corporate Trust Services as our business partner for
document custody services because of their experience and commitment to
technology," says Eric Knapp, vice president of Irwin Mortgage. "In particular,
U.S. Bank's Internet reporting capabilities were a deciding factor. The ability
to download reports via the web will be a tremendous convenience for us."
U.S. Bank Corporate Trust Services is one of the nation's largest providers of
corporate trust services, administering a diverse portfolio of more than 50,000
bond issues representing more than $1.35 trillion in outstanding municipal,
corporate, asset-backed and international securities.
U.S. Bancorp (NYSE:USB) is the parent company of U.S. Bank with assets in excess
of $174 billion, U.S. Bancorp is the 8th largest financial services holding
company in the United States. The company operates 2,142 banking offices and
4,604 ATMs, and provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. U.S. Bancorp is home of the Five Star Service
Guarantee which assures customers of certain key banking benefits and services
or customers will be paid for their inconvenience. Visit U.S. Bancorp on the web
CONTACT: U.S. Bank Media Relations
Amy Frantti, 612/303-0733
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SOURCE: U.S. Bank