FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person *   Rinaldi John W 2. Date of Event Requiring Statement (Month/Day/Year) 10/03/2008 3. Issuer Name and Ticker or Trading Symbol IRWIN FINANCIAL CORP [IFC] (Last) (First) (Middle) IRWIN FINANCIAL CORPORATION, 500 WASHINGTON STREET 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President of Subsidiary 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) COLUMBUS, IN 47201 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) COMMON STOCK 14,150 (1) D Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy)	04/29/2004	  (2)	COMMON STOCK	4,000	$ 23.89	D	Â
Non-Qualified Stock Option (Right to Buy)	03/23/2005	  (2)	COMMON STOCK	4,400	$ 20.625	D	Â
Non-Qualified Stock Option (Right to Buy)	04/17/2006	  (2)	COMMON STOCK	3,600	$ 18.08	D	Â
Non-Qualified Stock Option (Right to Buy)	05/09/2007	  (2)	COMMON STOCK	3,900	$ 17.09	D	Â
Non-Qualified Stock Option (Right to Buy)	02/04/2008	  (2)	COMMON STOCK	721	$ 10.21	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Rinaldi John W IRWIN FINANCIAL CORPORATION 500 WASHINGTON STREET COLUMBUS, IN 47201	Â	Â	  President of Subsidiary	Â

Signatures

John W. Rinaldi		10/06/2008
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Includes 1,124 restricted stock shares with performance vesting determined by a three-year average of the Irwin Financial Corporation Short-term Incentive Plan multiple.
(2)	The Plan provides for phased-in vesting of rights to exercise granted stock options. In the year of the grant, optionee may exercise 25% of total options granted. In each of the three years immediately following the year of the grant, optionee may exercise an additional 25% of the options granted. Grant of option was made to reporting person in a transaction exempt under Rule 16b-3.

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