UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  December 6, 2006

CORUS BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

Commission File Number 0-06136

Minnesota	41-0823592
(State or other jurisdiction of incorporation)	(I.R.S. Employer Identification No.)
3959 N. Lincoln Ave., Chicago, Illinois	60613
(Address of principal executive offices)	(Zip Code)
(773) 832-3088
(Registrant’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425  under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12  under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b)  under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c)  under the Exchange Act (17 CFR 240.13e-4(c))

CORUS BANKSHARES, INC.

ITEM 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 6, 2006, the Compensation Committee (the “Committee”) of the Board of Directors of Corus Bankshares, Inc. (the “Company”) reviewed and approved 2006 bonus payments and 2007 base salaries for its named executive officers (collectively, “Executive Compensation”). Details related to the Executive Compensation is included in a summary schedule filed as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

ITEM 9.01: Financial Statements and Exhibits

(d)	Exhibits
	Exhibit No.	Description
	10.1	Summary of Executive Compensation issued by the Company

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CORUS BANKSHARES, INC.
	(Registrant)
December 12, 2006	By:	/s/ Michael E. Dulberg
		Michael E. Dulberg
		Senior Vice President and
		Chief Accounting Officer
		(Principal Accounting Officer and
		duly authorized Officer of Registrant)