by Calculated Risk on 7/13/2009 10:54:00 PM

Just a reminder, with BankUnited the stories of private-equity bidders appeared on Tuesday May 19th and BankUnited was seized by the FDIC two days later.

From the WSJ: Starwood Enters Bidding for Corus Assets

Barry Sternlicht's Starwood Capital Group, a private-equity firm specializing in real-estate investments, is bidding on assets of Corus Bankshares Inc ...

"We're bidding on a bank," Mr. Sternlicht said during a conference call with investors in Starwood funds on Monday. Without naming the bank, he said it is heavily concentrated in real-estate lending and has more than 110 construction loans. People with knowledge of the matter identified the bank as Corus.

... Investors don't appear to be interested in buying the entire bank, but instead are looking at buying the bank's assets out of receivership if regulators take over.

Corus faced a June 18th deadline to boost its capital levels ... that wasn't met.

As with BankUnited, the line "buying the bank's assets out of receivership" says it all. Say goodnight, Gracie.