Federal regulators have closed Illinois-based Corus Bank, the lender on several high-profile Tampa Bay area projects. The Federal Deposit Insurance Corp., which was appointed receiver after Corus was seized late Friday, entered a purchase and assumption agreement with MB Financial Bank of Chicago. MB will pay a 0.2% premium to assume all the deposits, the FDIC said in a release. MB also agreed to purchase about $3 billion of assets, mainly cash and marketable securities, the release said. The FDIC said it plans to sell substantially all of the remaining assets of Corus Bank in the next 30 days in a private placement. The failure of Corus will cost the FDIC's deposit insurance fund $1.7 billion, the release said.
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