Corus Bankshares

The bank focused its lending activities in various metropolitan areas in Florida and California, as well as in Las Vegas, New York City, and Washington, D.C.

It also provides safe deposit boxes, as well as clearing, depository, and credit services to check cashing industry locations in the Chicago area and in Milwaukee, Wisconsin.

Normally, banks with negative Tier 1 capital are immediately closed by the Federal Deposit Insurance Corporation (FDIC).

[5] On September 11, 2009, Corus Bank, N.A., Chicago, IL was closed by the Office of the Comptroller of the Currency, and the FDIC was named Receiver.

[7] A month later, Starwood Capital Group later purchased at 40% equity share in a portfolio of construction loans and real estate owned assets formerly held by the bank.