FORM 4

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden
hours per response. . . . 0.5

___ Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instruction 1(b).

(Print or Type Responses)

1. Name and Address of Reporting Person*

MILLER, J. IRWIN
(Last) (First) (Middle)

2. Issuer Name and Ticker or Trading Symbol

Irwin Financial Corporation (IFC)

_____Director                                        __X__10% owner
_____Officer (give title below)              _____Other
(Specify below)

TITLE

PO BOX 808
(Street)

3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)

4. Statement for
(Month/Day/Year)
03/11/2003

Columbus, IN 47202-0808
(City) (State) (Zip)

5. If Amendment, Date of Original (Month/Day/Year)

7. Individual or Joint Group Filing (Check Applicable Line)
__X_Form filed by One Reporting Person
____Form filed by More than One Reporting Person

Table 1 - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security (Instr. 3)

2. Transaction Date

(Month/
Day/
Year)

2A. Deemed Execution Date, if any (Month/
Day/
Year)

3. Transaction Code
(Instr. 8)

4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)

6. Owner- ship Form: Direct (D) or Indirect (I)
(Instr. 4)

7. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A) or (D)

Price

COMMON STOCK

03/10/03

M

800

A

$13.687500

D

COMMON STOCK

03/10/03

F

622

D

$17.620000

D

COMMON STOCK

03/10/03

M

169

A

$16.968750

D

COMMON STOCK

03/10/03

F

163

D

$17.620000

5,176,038

D

COMMON STOCK

132,535

I

BY SPOUSE

COMMON STOCK

5,160,592

I

BY TRUST

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 4(b)(v).
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Page 1 of 3
SEC 1474(3-99)

FORM 4 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g. puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conver- sion or Exercise Price of Derivative Security

3. Trans- action Date (Month/ Day/ Year)

3A. Deemed Execution Date, if any (Month/
Day/
Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/ Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Deriv- ative Secur- ity (Instr. 5)

9. Number of Deriv- ative Secur- ities Bene- ficially Owned at End of Month (Instr. 4)

10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Benefi- cial Owner- ship (Instr. 4)

Code

V

(A)

(D)

Date Exer- cisable

Expira- tion Date

Title

Amount or Number of Shares

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)

$13.687500

03/10/03

M

800

04/30/07

COMMON STOCK

800

0

D

NON-QUALIFIED STOCK OPTION (RIGHT TO BUY)

$16.968750

03/10/03

M

169

04/26/10

COMMON STOCK

169

0

D

/S/
_________________________________________

03/11/2003
__________________________

(NAME) BY: SARLA KALSI
ATTORNEY IN FACT

Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a)

Page 2 of 3

FORM 4 (continued)

MILLER, J. IRWIN

Irwin Financial Corporation (IFC)

PO BOX 808

03/11/2003

Columbus IN 47202-0808

Page 3 of 3