Regulators close major Chicago-based commercial real estate lender; 91 bank failures this year

CHARLOTTE, N.C. — Federal regulators on Friday said they seized Corus Bancshares Inc., a major Chicago-based lender to condominium, office and hotel projects, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults.

Regulators close banks in Illinois and Minnesota; 91 bank failures so far this year

CHARLOTTE, N.C. — Federal regulators on Friday said they seized Corus Bancshares Inc., a Chicago lender to condominium, office and hotel projects, adding it to the long list of banks that have succumbed this year to the recession and waves of loan defaults.

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Corus bank

  • CapstoneAdvrs Starwood paid 61% for Corus Bank RE loans to partner with the FDIC. The 23% premium over the 2nd bid surprised many as a very high price.
  • MarkMeltzer The sale of Corus Bank's assets will cut condo prices throughout Atlanta. http://bit.ly/LBPMM
  • FLLRealty Starwood Capital Group grows it's South Florida condo market after it won an auction bid for the Corus Bank condo portfolio from the FDIC.
  • markreal Atlanta Foreclosed Homes from Corus Bank Condo Portfolio: According to Peter Zalewski of Condo Vultures, many c.. http://bit.ly/KZPpq
  • FrankMontro Atlanta Foreclosed Homes from Corus Bank Condo Portfolio: Atlanta Foreclosed Homes from Corus Bank Condo Portfo.. http://bit.ly/1c6fJC
  • trumpstyles Starwood Capital Wins Rights to Corus Bank Assets http://bit.ly/U4OyM
  • SEConstruction Starwood Capital Group enters Fla. condo market w/ winning bid for Corus Bank's condo portfolio. http://bit.ly/3xK87x
  • RepublicTitle Eight investors buy Corus Bank's Commercial assets http://bit.ly/GHJRa
  • TimothyPONeill Vegas Local high-rise condos part of Corus Bank asset saleTen investors vie for winning bid, partnership with FDIC http://bit.ly/36qRJI
  • chitips Starwood Capital Wins Rights to Corus Bank Assets - CoStar Group http://bit.ly/s817G
  • Property4Life Starwood Capital Wins Rights to Corus Bank Assets http://bit.ly/1ORPId
  • MichaelSeriosa FDIC sells stake in Corus Bank assets - http://tinyurl.com/yd7q99f
  • greychampion bottomLine : FDIC sells stake in Corus Bank assets - Business | DailyAdvance.com http://bit.ly/hmcIG

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Corus bank

  • bankingloans Starwood buys Spire loan from Corus - Bizjournals.com
  • cassy82 Atlanta Foreclosed Homes from Corus Bank Condo Portfolio
  • ronfurmananp Starwood and TPG Win Corus Condo Assets with Bid of $2.77 Billion ... http://bit.ly/Y6yfz
  • pksmith Corus Sale May Be Model as Investors Target Distressed Assets: Auctions of nonperforming bank loans are going .. http://bit.ly/1TQ33T
  • iggykin Local high-rise condos part of Corus Bank asset sale - Las Vegas Business Press
  • pksmith Starwood and TPG Win Corus Condo Assets with Bid of $2.77 Billion ...: It has closed a $2 billion private-equit.. http://bit.ly/3uEGbP
  • uwillmakemoney FDIC Sells Corus Bank's $4.5 Billion Loan Portfolio to Investment Group http://bit.ly/k4pcZ
  • bankingloans Skadden, Paul Weiss Lead Unusual FDIC Deal for Bad Corus Loans - The Am Law Daily
  • challengebaby FDIC Sells Corus Bank's $4.5 Billion Loan Portfolio to Investment Group - Builder Magazine
  • triplenethouses Starwood Capital Wins Bid for Corus Bank Assets: Starwood Capital Wins Bid for Corus Bank Assets http://bit.ly/2gM94j
  • maxkennerly Skadden, Paul Weiss Lead Unusual FDIC Deal for Bad Corus Loans
  • govfresh FDIC Sells Corus Bank Assets - Another Financial Portal
  • urbanexus Reading: Starwood-led group wins stake in Corus Bank assets - MarketWatch -
  • mcgeneral FDIC Sells Stake In Corus Bank Assets
  • maxgardner Corus Bank: FDIC Sells Stake in Corus Bank Assets: http://lnk.ms/2shVs ... http://lnk.ms/1RQdJ
  • maxgardner Corus Bank: FDIC Sells Stake in Corus Bank Assets: http://url4.eu/bA5p
  • justsayit Corus Bank Assets Sold to Investors: A group of investors have won the auction for assets of failed Corus .. http://bit.ly/2Xw7v2 #NYT
  • blogsworlds New post, "Corus Bank assets: And the winning bidder is" - http://bit.ly/3x2SNZ
  • petrbuben RTT: FDIC Says Starwood-led Group To Buy 40% Stake In Corus Bank Assets For $554.4 Mln : The Federal Deposi.. http://bit.ly/1sHw5f
  • jungleg Corus Bank Assets Sold to Investors
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