-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Rx+FBWkUbW2E6/XIam7gareDQhzsvXbp93wyToumTq+asvdnNbPGiVQLBrVC9fNx wgsaB3cGjSjGlJ2VeR0m3g== 0001362310-08-001918.txt : 20080411 0001362310-08-001918.hdr.sgml : 20080411 20080411122616 ACCESSION NUMBER: 0001362310-08-001918 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080408 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20080411 DATE AS OF CHANGE: 20080411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORUS BANKSHARES INC CENTRAL INDEX KEY: 0000051939 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 410823592 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06136 FILM NUMBER: 08751758 BUSINESS ADDRESS: STREET 1: 3959 N LINCOLN AVE STREET 2: LINCOLN NATIONAL BANK BLDG CITY: CHICAGO STATE: IL ZIP: 60613 BUSINESS PHONE: 3125497100 MAIL ADDRESS: STREET 1: 3959 N LINCOLN AVE CITY: CHICAGO STATE: IL ZIP: 60613 FORMER COMPANY: FORMER CONFORMED NAME: RIVER FOREST BANCORP INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INVESTMENT CORP OF AMERICA INC DATE OF NAME CHANGE: 19820422 8-K 1 c72964e8vk.htm FORM 8-K Filed by Bowne Pure Compliance
 

 
 

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): April 8, 2008

CORUS BANKSHARES, INC.
 (Exact name of registrant as specified in its charter)
         
Minnesota   0-06136   41-0823592
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
3959 N. Lincoln Ave., Chicago, Illinois
   60613
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (773) 832-3088
 
 
(Former name or former address if changed since last report.)

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))

 
 

 

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ITEM 1.01:    Entry into a Material Definitive Agreement.

On April 8, 2008, Corus Bankshares, Inc. (“Corus”) and LaSalle Bank, N.A. (“LaSalle”) entered into a First Amendment to the Amended and Restated Loan Agreement (“Agreement”) dated as of February 28, 2007. At Corus’ request, the line of credit commitment has been reduced to $50,000,000. In addition, the fee on the average unused commitment has been eliminated. Interest payments remain due quarterly and are computed at an annual interest rate of LIBOR plus 1.40% on any outstanding balances. As of March 31, 2008, the balance outstanding under the line of credit was $47 million. In connection with the amendment, Corus executed an Amended and Restated Revolving Note (“Note”), dated as of March 31, 2008, in favor of LaSalle for $50,000,000. The maturity of both the Agreement and Note remain unchanged at February 28, 2010.

ITEM 2.03:    Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 is hereby incorporated by reference herein.

 

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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)

April 11, 2008

By: /s/ Michael E. Dulberg                     
Michael E. Dulberg
Senior Vice President and
Chief Accounting Officer
(Principal Accounting Officer and
duly authorized Officer of Registrant)

 

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