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

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT Pursuant to Section 13 ORor 15(d) of ~~The~~the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~July~~October 927, ~~2010~~2011

Corus Bankshares, Inc. (Exact name of registrant as specified in its charter)

(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.)

Minnesota	0-06136	41-0823592
10 S. Riverside Plaza Suite 1800 Chicago, IL	60606
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(Address of Principal Executive Offices)	(Zip Code)

10 S. Riverside Plaza; Suite 1800 Chicago , IL		60606
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (312) 474-6388

~~Registrant’s~~Not ~~telephone~~applicable ~~number,~~(Former ~~including~~name ~~area~~or ~~code:~~former ~~312-474-6388~~address if changed since last report.)

(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))

OnItem ~~June 15, 2010, the Company filed the Motion to Approve Notification and Hearing Procedures for Transfers of Certain Common Stock and for Related Relief [Docket No~~1. ~~10] (the “Motion”) with the United States Bankruptcy Court for the Northern District of Illinois (the “Bankruptcy Court”)~~03. ~~After a hearing on June 16, 2010, the~~ Bankruptcy ~~Court~~or ~~entered an Interim Order Establishing Notification and Hearing Procedures for Transfers of Common Stock (the “Interim Order”) granting the Motion [Docket No~~Receivership. 23]. The Bankruptcy Court set July 9, 2010 to consider approval of the Interim Order on a final basis (the “Final Order”). Objections to the Final Order were due to the Bankruptcy Court no later than July 6, 2010. No objections were filed. Therefore, on July 9, 2010, the Bankruptcy Court entered the Final Order [Docket No. 68].1

~~The~~As ~~Final Order provides,~~previously ~~among~~reported, ~~other~~on ~~things~~June 15, ~~that~~2010 ~~any~~(the ~~entity2~~“Petition ~~that~~Date”) ~~is or becomes a Substantial Shareholder~~Corus ~~(meaning~~Bankshares, ~~any entity that has Beneficial Ownership of at least 2~~Inc.~~4 million~~ ~~shares of Common Stock of~~ (the “Company”) ~~must file~~filed a ~~notice~~voluntary ofpetition ~~such~~in ~~status~~the United ~~within~~States ~~40 days~~Bankruptcy ofCourt ~~the~~for ~~date of~~ the ~~Notice~~Northern District of ~~Order~~Illinois, ~~or 10 days after becoming a Substantial~~Eastern ~~Shareholder.~~Division ~~In addition,~~ (the ~~Final~~“Bankruptcy ~~Order~~Court”) ~~provides~~seeking ~~that~~relief ~~prior~~under tothe provisions aof ~~Substantial~~Chapter 11 ~~Shareholder~~of ~~effectuating~~Title ~~any~~11 ~~transfer~~ of ~~Beneficial~~ ~~Ownership of~~ the ~~Company’s~~United ~~Common~~States ~~Stock,~~Code ~~such Substantial Shareholder must file a Declaration with~~ (the ~~Court~~ ~~and~~“Bankruptcy ~~the~~Code”) ~~Company~~(Case ~~has 15~~No. ~~days~~10-26881) ~~in which to object to any such transfer. The procedures for resolving any objection are discussed in more detail in~~ (the ~~Final Order~~ “Case”).

~~Attached~~On September 27, ~~hereto~~2011 ~~is a copy of~~ (the ~~Final~~“Confirmation ~~Order~~Date”), ~~and Notice of Entry of~~ the ~~Final Order as Exhibit 99.1. The forms approved by the~~ Bankruptcy Court asentered ~~notification~~an ~~procedures,~~order ~~applicable, among others, to any entity with Beneficial Ownership of at least 2.4 million shares of Common Stock~~ (orthe ~~who~~“Confirmation ~~would,~~Order”) ~~through~~confirming ~~a purchase become~~ the Company’s ~~Beneficial~~Third ~~Owner~~Amended ~~of 2.4 million~~Plan ~~shares~~ of ~~common~~Reorganization ~~stock)~~under ~~are attached hereto as Exhibit~~Chapter ~~99.2.~~11 ~~Each holder~~ of ~~Common Stock should carefully~~ ~~review~~ the ~~Final~~Bankruptcy ~~Order~~Code ~~and~~(as ~~the~~amended ~~exhibits~~and ~~thereto~~supplemented, ~~to determine whether~~ the ~~procedures apply to any proposed transfer of the Company’s Common Stock~~“Plan”).

1On ~~All~~October 27, 2011 ~~capitalized~~(the ~~terms~~“Effective ~~not~~Date”), ~~defined~~the ~~herein~~Company ~~have~~consummated its reorganization under the ~~same~~Bankruptcy ~~meaning~~Code asand the Plan became effective. Pursuant to the Plan, on the Effective Date all equity interests in the ~~Motion~~Company which existed immediately prior to the Petition Date were automatically cancelled and the obligations of the Company with respect to such equity interests were discharged. Accordingly, on the Effective Date the Company will file a Form 15 “Certification and Notice of Termination of Registration Under Section 12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under Sections 12 and 15(d) of the Securities and Exchange Act of 1934” with the United States Securities and Exchange Commission and will cease to be a reporting company under the Securities Exchange Act of 1934.

~~Item 9.01: Financial Statements & Exhibits~~SIGNATURE

~~(d) Exhibits~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

Exhibit No.		Description
Exhibit 99.1		Final Order and Notice of Entry of the Final Order
Exhibit 99.2		Forms for Notification Procedures

CORUS BANKSHARES, INC.

~~SIGNATURE~~By: /s/ Stephen J. Antal Name: Stephen J. Antal Title: General Counsel

~~Pursuant~~Dated: ~~to the requirements of the Securities Exchange Act of 1934~~October 27, ~~the Registrant has duly caused~~2011 ~~this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~

Date: July 13, 2010

EXHIBIT INDEX

Exhibit No.		Description
Exhibit 99.1		Final Order and Notice of Entry of the Final Order
Exhibit 99.2		Forms for Notification Procedures

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