This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Corus Bankshares Receives Going-concern Notice

In January, Corus reported a net loss of $261 million in the fourth quarter.

The bank also received a preliminary response from the Treasury Department that it rejected Corus' application for cash under the $700 billion Troubled Asset Relief Program intended to help banks weather the current financial crisis.

Shares of Corus closed down 2.5 cents, or 9.3 percent, at 24.5 cents.

In addition, the company said it received on April 1 a letter from Nasdaq indicating that it had failed to comply with the continued listing requirements when it failed to timely file its annual report by March 31.

The report was filed April 7. As a result of the filing, the company received a letter from Nasdaq saying that it is now in compliance

Corus Bankshares is a Chicago-based bank holding company. Corus Banks is a nationwide construction lender, specializing in condominium, office, hotel, and apartment projects.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $132.20 1.50%
FB $82.22 0.85%
GOOG $555.86 -1.60%
TSLA $232.77 6.60%
YHOO $44.44 -0.18%

Markets

DOW 18,075.37 -4.77 -0.03%
S&P 500 2,114.75 -2.94 -0.14%
NASDAQ 5,070.9210 -21.1640 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs