Corus Bankshares September Closing Would Be In Top 5 Bank Failures Of 2009
CORUS BANKSHARES INC VP/CAO Paula Manley Resigned
Reutersis reporting a bidding deadline for problem bank Corus Bankshares of September 3, 2009. The disclosure of a bidding deadline followed shortly by a bank closure follows the procedure recently observed with the closing of Guaranty Financial Group last week. The closing of Corus Bankshares will not come as a surprise to anyone familiar with their financial situation.
Some critics say regulators have taken too long to shut down troubled banks. Chicago's Corus Bankshares, for example, has staggered for weeks under the weight of bad real estate loans.
$0.26 (08/26/09)
