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I am in CORS, (CORS- news )Lubert-Adler May Bid for Corus Bank as Fate Rests With FDIC


By Jason Kelly and Jonathan Keehner

July 24 (Bloomberg) -- Lubert-Adler Partners LP, the Philadelphia-based private-equity firm, may participate in a bid for all or part of Corus Bankshares Inc., the Chicago lender crippled by loans to build condominiums, people familiar with the matter said.

Lubert-Adler is among at least four investors weighing bids for Corus, said the people, who asked not to be named because the talks are private. The Federal Deposit Insurance Corp. has indicated that the bank, which said this week it understated its first-quarter loss by $16 million, may be seized as soon as Aug. 6, the people said.