Corus Bank, a Chicago-based bank, is a subsidiary of Corus Bankshares, Inc., a part of the NASDAQ Financial-100 Index and the KBW Regional Banking Index. The bank focuses on two main business activities - commercial real estate lending and deposit gathering. The bank, is an active lender nationwide, specializing in condominium construction, conversion, and inventory loans. Corus also provides financing for hotel, office, and apartment projects.
Corus Certificates of Despost rates and savings account rates are among the best in the country.
Corus has a three out of five star rating from Bauer Financial for its safety and soundness. Its FDIC number is 13693.
Account Opening
Corus's branches are concentrated in the Chicago area, but accounts can be opened with an online application from any state. Initial funding must be done by check or wire transfer. While the online application process is easy, the account is not funded until a signed application is returned. Applications may be printed directly after filling them in or the bank will send you your completed application with a self-addressed postage-paid envelope if you do not have a working printer.
Corus Bank has been a big lender to condo developers in Florida, and the real estate slump has been taking its toll. Therefore, as with any bank, it's best to stay under the FDIC limits.
Related Articles:
Add to reading list
