MB Financial to add 11 Corus bank branches

September 11, 2009 2:42:50 PM PDT
MB Financial will assume the branches and deposits of Corus Bank, the long-troubled Chicago-based condominium development lender that is being seized by federal regulators. According to "Crain's Chicago Business," most of the assets of Corus, made up primarily of delinquent condo loans spread, will be sold by the federal deposit insurance corporation in the next few weeks.

Chicago-based MB Financial, with more than $8 billion in assets and over 70 branches in the city and suburbs, will add Corus' 11 branches to its network.