NEW YORK - Irwin Union Bank and Trust Co. of Columbus, Ind., announced last week that it will offer a Reserve Funds cash sweep account to its customers.

The Reserve Return Sweep will let Irwin pay higher interest rates on commercial checking accounts while retaining deposits on their balance sheets to fund loans.

Irwin Union Bank and Trust and its sister company, Irwin Union Bank FSB of Louisville, Ky., have more than $1.2 billion of assets and operate 29 offices in seven midwestern and western states. Both are owned by Irwin Financial Corp. of Columbus. Reserve Funds is based in New York.

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