Feds may soon seize Corus Bankshares: Report

Publication date: Mon, 07/27/2009
Crain's July 17

Corus Bankshares might be taken over in the next few weeks by regulators, who are getting ready to auction the struggling condo lender or assets of it, according to a report. The govt. could seize the bank in the next several weeks, the FDIC indicated, according to a Bloomberg report citing unidentified people briefed on the matter." Corus & BofA, its financial adviser, haven