Anybody out there that banks with Corus

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they're in trouble. My sister has an account (must be nice) he told her to take her money out right away.

[CountAllVotes]

1. info. re: Corus bank ...

A Chicago bank that is one of the biggest holders of South Florida condo construction loans could be facing a capital crunch.

In a news release, Corus Bankshares (NASDAQ: CORS), announced a preliminary net loss of $260.7 million in the fourth quarter, down from earnings of $1.9 million in the same period a year ago. While the bank said its total capital of $758 million was above the regulatory minimum for a well-capitalized bank, it warned that regulators might hold Corus to a higher standard.

“Based on recent discussions with the bank's regulators, management believes it is likely that the bank will be held to higher capital standards in the near future and, as such, may no longer be considered well-capitalized and may be required to identify additional sources of capital,” Corus said in the release.

It probably won’t be getting taxpayer funds to help it. The bank said the U.S. Department of the Treasury indicated that it intends to reject its application for funds through the Troubled Asser Relief Program.

http://www.bizjournals.com/southflorida/stories/2009/02/02/daily2.html

Given what it says, I'd tend to agree (get away from this bank!) being they aren't going to get any relief via TARP it seems.