Late Day Results - CORS - Corus Bankshares Assets Possibly be Acquire by Private-equity firms - Sourced WhisperFromWallStreet.com
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CORUS BANKSHARES INC.,CORS
After Hours: 0.00 N/A (N/A) 8:00PM ET
Private-equity firms Colony Capital LLC and Related Cos. may buy assets of troubled Florida condominium lender Corus Bankshares Inc. (CORS 0.20, -0.03, -12.96%) , Bloomberg News reported Thursday on its Web site, citing unidentified sources close to the matter. The investors may seek to buy the lender's assets while it is still in business or after it goes into receivership, according to Bloomberg. Corus reportedly hired Bank of America Corp. (BAC 12.15, 0.00, 0.00%) recently to help raise capital or sell the lender outright to avoid a shutdown.
About
Corus Bankshares, Inc. operates as the holding company for Corus Bank, N.A. that provides various financial products and services. It primarily focuses on commercial real estate lending and deposit gathering. The company?s deposit products include checking, savings, money market, and time deposit accounts. It also provides clearing, depository, and credit services, as well as safe deposit boxes. The company?s loan portfolio primarily comprises of loans secured by condominium construction projects; loans secured by condominium conversion projects; loans secured by office buildings, apartment buildings, and hotels, as well as mezzanine loans. It focuses its lending activities in various metropolitan areas in
Last Trade: 0.2002
Day's Range: N/A - N/A
52wk Range: 0.09 - 9.66
Volume: 0
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