Bank Failure
Corus Bank, N.A.
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Closed September 11, 2009 · Chicago, IL · FDIC Cert #13693.
- Closing date
- September 11, 2009
- Headquarters
- Chicago, IL
- FDIC Certificate
- 13693
- Total assets at closing
- $7.00B
- Total deposits at closing
- $7.06B
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- MB Financial, N.A.
Context
On September 11, 2009, regulators closed Corus Bank, N.A., headquartered in Chicago, IL. At closing, the institution held approximately $7.00B in assets and $7.06B in deposits. The FDIC record names MB Financial, N.A. as the acquiring institution in the resolution.
By assets at closing this is the 28th largest of the 3,526 bank failures in the FDIC record, and the 7th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Corus Bank, N.A. fail?
Corus Bank, N.A. was closed by regulators on September 11, 2009.
Who acquired Corus Bank, N.A.?
The FDIC record names MB Financial, N.A. as the acquiring institution in the resolution of Corus Bank, N.A.
How big was Corus Bank, N.A. when it failed?
Corus Bank, N.A. had approximately $7.00B in total assets and $7.06B in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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