Document:

Exhibit
      10.1 

     

    AMENDED
      AND RESTATED LOAN AGREEMENT

     

    This
      AMENDED AND RESTATED LOAN AGREEMENT (the “Agreement”), dated as of February 28,
      2007, is entered into between CORUS BANKSHARES, INC., a Minnesota corporation
      (the “Borrower”), and LASALLE BANK NATIONAL ASSOCIATION, a national banking
      association (the “Bank”)

     

    RECITALS:

     

    WHEREAS,
      the Borrower and Bank entered into that certain Loan Agreement dated as of
      June
      26, 2001, which agreement has been amended from time to time (collectively,
      the
“Original Loan Agreement”);

     

    WHEREAS,
      the Borrower and Bank have agreed to additional modifications to the Original
      Loan Agreement and the parties hereto agree that it is in their best interests
      to amend and restate their credit arrangement into a unified
      document;

     

    WHEREAS,
      the indebtedness owing by Borrower to the Bank will continue to be secured
      by
      100% of the capital stock (the “Subsidiary Shares”) of CORUS BANK, NATIONAL
      ASSOCIATION, a national banking association (the “Subsidiary”); 

     

    NOW,
      THEREFORE, in consideration of the mutual representations, warranties, covenants
      and agreements hereinafter set forth, and for other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      parties hereto hereby agree as follows:

     

    AGREEMENT:

     

    1. Commitment
      of the Bank.

     

    The
      Bank
      agrees to extend a Revolving Loan to the Borrower in the principal amount of
      up
      to ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) (the “Revolving Loan”). The
      Revolving Loan will be evidenced by the Note (as such term is defined below),
      and secured by the Pledge Agreement (as such term is defined below) in
      accordance with terms and subject to the conditions set forth in this Agreement,
      the Note and the Pledge Agreement.

     

    2. Conditions
      of Borrowing.

     

    Notwithstanding
      any other provision of this Agreement, the Bank shall not be required to fund
      advances under the Loan:

     

    (a) if,
      since
      the date of this Agreement and up to the agreed upon date of any Loan, there
      has
      occurred, in the exercise of Bank’s reasonable business judgment, a material
      adverse change in the financial condition or affairs of the Borrower or the
      Subsidiary;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b) if
      any
      Default (as such term is defined below) has occurred or any event which, with
      the giving of notice or lapse of time, or both, would constitute such a
      Default;

     

    (c) if
      any
      litigation or governmental proceeding has been instituted or threatened against
      the Borrower or the Subsidiary or any of its officers or shareholders which
      in
      the reasonable business judgment of the Bank will adversely affect the financial
      condition or operations of the Borrower or the Subsidiary;

     

    (d) if
      the
      Borrower shall not have tendered for delivery the Revolving Note and that
      certain Amended and Restated Pledge and Security Agreement (the “Pledge
      Agreement”) dated of even date herewith executed by Borrower for the benefit of
      Bank, together with all of the Pledged Security (as such term is defined in
      the
      Pledge Agreement) all in form and content satisfactory to the Bank;

     

    (e) if
      the
      Borrower shall not have tendered for delivery concurrently with the execution
      of
      this Agreement a legal opinion from the Borrower’s counsel in form and substance
      satisfactory to the Bank and Bank’s legal counsel; or

     

    (f) if
      the
      Bank shall not have received in substance and form satisfactory to the Bank,
      all
      certificates, affidavits, schedules, resolutions, opinions, notes, and/or other
      documents which are provided for hereunder, or which it may reasonably
      request.

     

    3. Note
      Evidencing Borrowing.

     

    The
      Loans
      shall be evidenced by a Revolving Note (the “Revolving Note”), executed by the
      Borrower in the principal amount of $150,000,000 and shall be in the form set
      forth in Exhibit
      A
      hereto
      (the Revolving Note is sometimes hereafter referred to as the “Note”). Without
      in any way limiting the terms of the Note:

     

    (a) The
      Borrower shall pay interest on amounts outstanding under the Note as provided
      herein. Interest shall be payable quarterly, in arrears, commencing on March
      31,
      2007 and continuing on the last day of each of March, June and September and
      December thereafter, with a final payment of all outstanding amounts due under
      the Notes, including, but not limited to principal, interest and any amounts
      owing under Subsection 10(k) of the Agreement, if not sooner paid, on February
      28, 2010 (the “Maturity Date”). The amounts outstanding from time to time shall
      bear interest calculated on the actual number of days elapsed on the basis
      of a
      360 day year, at the Borrower’s option of the following:

     

    (i) the
      “Prime Rate” minus 100 basis points. Prime Rate shall mean the floating prime
      rate in effect from time to time as set by the Bank, and referred to by the
      Bank
      as its Prime Rate. The Borrower acknowledges that the Prime Rate is not
      necessarily the Bank’s lowest or most favorable rate of interest at any one
      time. The effective date of any change in the Prime Rate shall for purposes
      hereof be the date the rate change is publicly announced by the Bank. Requests
      for Prime Rate advances must be received by Bank no later than 11:00 a.m.
      Chicago, Illinois time, on the same day they are to be funded; or

     

    
      
        
        

      

      
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    (ii) “LIBOR”,
      which shall mean a rate of interest equal to 140 basis points in excess of
      the
      per annum rate of interest equal to the offered rate for deposits in United
      States dollars for a period equal to such Interest Period as published in
      Bloomberg’s LIBOR BBA US Dollar Fixing Report at 11:00 a.m. (Chicago time) two
      Business Days prior to the first day of such Interest Period, such rate to
      remain fixed for the applicable Interest Period. “Interest Period” shall mean a
      three month period (except that the first and last periods of the Loan may
      be
      less than a 90 day period) as selected by the Borrower by notice given to the
      Bank not less than three banking days prior to the first day of each respective
      Interest Period; provided that: (i) the final Interest Period shall be such
      that
      its expiration occurs on or before the stated maturity date of the Note; and
      (ii) each LIBOR Rate Loan elected by Borrower shall automatically renew for
      an
      additional Interest Period at LIBOR unless Borrower shall irrevocably request,
      in writing, a coversion of all or a portion of the LIBOR Rate Loan, no later
      than 2:00 Chicago time on the second (2nd)
      Busines
      Day before the expiration of the existing Interest Period. Interest on each
      LIBOR Loan shall be payable on the last day of each December, March, June and
      September hereafter, at maturity, or after maturity on demand.

     

    (a) Subject
      to the provisions of this Agreement, Borrower shall have the option (i) as
      of
      any date, to convert all or any part of the Prime Rate Loans to, or request
      that
      new Loans be made as, LIBOR Rate Loans (if Borrower requests a new Loan as
      a
      LIBOR Rate Loan, the interest rate shall be fixed at the same rate as any
      existing LIBOR Rate Loans for the then remaining portion of the applicable
      Interest Period), (ii) as of the last day of any Interest Period, to continue
      all or any portion of the relevant LIBOR Rate Loans as LIBOR Rate Loans; (iii)
      as of the last day of any Interest Period, to convert all or any portion of
      the
      LIBOR Rate Loans to Prime Rate Loans; and (iv) at any time, to request new
      Loans
      as Prime Rate Loans; provided, that Loans may not be continued as or converted
      to LIBOR Rate Loans, if the continuation or conversion thereof would violate
      the
      provisions of subparagraph (b) or(c) hereof or if an Event of Default has
      occurred.

     

    (b) Lender’s
      determination of LIBOR as provided above shall be conclusive, absent manifest
      error. Furthermore, if Lender determines, in good faith (which determination
      shall be conclusive, absent manifest error), prior to the commencement of any
      Interest Period that (i) U.S. Dollar deposits of sufficient amount and maturity
      for funding the Loans are not available to Bank in the London Interbank
      Eurodollar market in the ordinary course of business, or (ii) by reason of
      circumstances affecting the London Interbank Eurodollar market, adequate and
      fair means do not exist for ascertaining the rate of interest to be applicable
      to the Loans requested by Borrower to be LIBOR Rate Loans or the Loans bearing
      interest at the rates set forth in this paragraph shall not represent the
      effective pricing to Bank for U.S. Dollar deposits of a comparable amount for
      the relevant period (such as for example, but not limited to, official reserve
      requirements required by Regulation D to the extent not given effect in
      determining the rate), Bank shall promptly notify Borrower and (x) all existing
      LIBOR Rate Loans shall convert to Prime Rate Loans upon the end of the
      applicable Interest Period, and (y) no additional LIBOR Rate Loans shall be
      made
      until such circumstances are cured.

     

    
      
        
        

      

      
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    (c) If,
      after
      the date hereof, the introduction of, or any change in any applicable law,
      treaty, rule, regulation or guideline or in the interpretation or administration
      thereof by any governmental authority or any central bank or other fiscal,
      monetary or other authority having jurisdiction over Bank or its lending offices
      (a “Regulatory Change”), shall, in the opinion of counsel to Bank, make it
      unlawful for Bank to make or maintain LIBOR Rate Loans, then Bank shall promptly
      notify Borrower and no additional LIBOR Rate Loans shall be made until such
      circumstance is cured.

     

    (d) If,
      for
      any reason, a LIBOR Rate Loan is paid prior to the last Business Day of any
      Interest Period or if a LIBOR Rate Loan does not occur on a date specified
      by
      Borrower in its request (other than as a result of a default by Bank), Borrower
      agrees to indemnify Bank against any loss (including any loss on redeployment
      of
      the deposits or other funds acquired by Bank to fund or maintain such LIBOR
      Rate
      Loan) cost or expense incurred by Bank as a result of such
      prepayment.

     

    (e) If
      any
      Regulatory Change (whether or not having the force of law) shall (i) impose,
      modify or deem applicable any assessment, reserve, special deposit or similar
      requirement against assets held by, or deposits in or for the account of or
      loans by, or any other acquisition of funds or disbursements by, Bank; (ii)
      subject Bank or the LIBOR Rate Loans to any Tax  (“Tax” shall mean in
      relation to any LIBOR Rate Loans and the applicable LIBOR Rate, any tax, levy,
      impost, duty, deduction, withholding or charges of whatever nature required
      (i)
      to be paid by Bank and/or (ii) to be withheld or deducted from any payment
      otherwise required hereby to be made by Borrower to Bank; provided, that the
      term “Tax” shall not include any taxes imposed upon the net income of Bank) or
      change the basis of taxation of payments to Bank of principal or interest due
      from Borrower to Bank hereunder (other than a change in the taxation of the
      overall net income of Bank); or (c) impose on Bank any other condition regarding
      the LIBOR Rate Loans or Bank’s funding thereof, and Bank shall determine (which
      determination shall be conclusive, absent any manifest error) that the result
      of
      the foregoing is to increase the cost to Bank of making or maintaining the
      LIBOR
      Rate Loans or to reduce the amount of principal or interest received by Bank
      hereunder, then Borrower shall pay to Bank, on demand, such additional amounts
      as Bank shall, from time to time, determine are sufficient to compensate and
      indemnify Bank from such increased cost or reduced amount.

     

    (f) Bank
      shall receive payments of amounts of principal of and interest with respect
      to
      the LIBOR Rate Loans free and clear of, and without deduction for, any Tax.
      If
      (1) Lender shall be subject to any Tax in respect of any LIBOR Rate Loans or
      any
      part thereof or, (2) Borrower shall be required to withhold or deduct any Tax
      from any such amount, the LIBOR Rate applicable to such LIBOR Rate Loans shall
      be adjusted by Bank to reflect all additional costs incurred by Bank in
      connection with the payment by Bank or the withholding by Borrower of such
      Tax
      and Borrower shall provide Bank with a statement detailing the amount of any
      such Tax actually paid by Borrower. Determination by Bank of the amount of
      such
      costs shall be conclusive, absent manifest error. If after any such adjustment
      any part of any Tax paid by Bank is subsequently recovered by Bank, Bank shall
      reimburse Borrower to the extent of the amount so recovered. A certificate
      of an
      officer of Lender setting forth the amount of such recovery and the basis
      therefor shall be conclusive, absent manifest error.

     

    
      
        
        

      

      
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    (g) Each
      Request for an advance shall be in increments of not less than
      $100,000.

     

    (h) Unless
      otherwise specified by Borrower, all Loans shall be Prime Rate
      Loans.

     

    (i) No
      more
      than one Interest Period may be in effect with respect to outstanding LIBOR
      Rate
      Loans at any one time.

     

    (b) Principal
      on the Revolving Loan shall be due and payable on the Maturity Date. Prepayments
      of the Revolving Loan are permitted at any time without premium or
      penalty.

     

    (c) Any
      amount of principal or interest on the Notes which is not paid when due, whether
      at stated maturity, by acceleration or otherwise shall bear interest payable
      on
      demand at an interest rate equal at all times to two percent (2%) above the
      Prime Rate.

     

    (d) If
      any
      payment to be made by the Borrower hereunder shall become due on a Saturday,
      Sunday or Bank holiday under the laws of the State of Illinois, such payment
      shall be made on the next succeeding business day and such extension of time
      shall be included in computing any interest in respect of such
      payment.

     

    4. Unused
      Loan Fee.

     

    In
      consideration of the Bank making the Loan available to the Borrower, the
      Borrower agrees to pay to the Bank a fee (the “Unused Loan Fee”) of 3/8% per
      annum of the amount not borrowed hereunder, payable on the last day of each
      December, March, June and September hereafter, and calculated by multiplying
      (a)
      the average difference during any quarterly period between the amount available
      hereunder and the total amount actually borrowed hereunder, and (b) 3/8% divided
      by 4. Such amount shall be due and payable ten (10) days after the end of each
      quarter set forth above.

     

    5. Representations
      and Warranties.

     

    To
      induce
      the Bank to make the Loan provided for herein, the Borrower represents and
      warrants as follows:

     

    (a) The
      Borrower: (i) is a corporation duly organized and validly existing and in good
      standing under the laws of the State of Minnesota; (ii) is duly qualified as
      a
      foreign corporation and in good standing in all states in which it is doing
      business except where the failure to so qualify would not have a material
      adverse effect on the Borrower or its business; and (iii) has all requisite
      power and authority, corporate or otherwise, to own, operate and lease its
      properties and to carry on its business as now being conducted. The Subsidiary
      is a national banking association, and has all requisite power and authority,
      corporate or otherwise, to own, operate and lease its property and to carry
      on
      its business as now being conducted. The Borrower and the Subsidiary have made
      payment of all franchise and similar taxes in all of the respective
      jurisdictions in which they are incorporated or qualified, and so far as such
      taxes are due and payable at the date of this Agreement, except for any such
      taxes the validity of which is being contested in good faith and for which
      proper reserves have been set aside on the books of the Borrower or the
      Subsidiary, as the case may be.

     

    
      
        
        

      

      
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    (b) The
      Subsidiary Shares have been duly authorized, legally and validly issued, fully
      paid and nonassessable, and are owned by the Borrower free and clear of all
      pledges, liens, security interest, charges or encumbrances, except, upon
      consummation of the transactions contemplated herein, for the security interest
      granted by the Borrower to the Bank. There are, as of the date hereof, no
      outstanding options, rights or warrants obligating the Borrower or the
      Subsidiary to issue, deliver or sell, or cause to be issued, delivered or sold,
      additional shares of the capital stock of the Subsidiary or obligating the
      Borrower or the Subsidiary to grant, extend or enter into any such agreement
      or
      commitment.

     

    (c) The
      financial statements of:

     

    (i) the
      Borrower, all of which have heretofore been furnished to the Bank, have been
      prepared in accordance with generally accepted accounting principles
      consistently applied (“GAAP”) and maintained by the Borrower throughout the
      periods involved, and fairly present the financial condition of the Borrower
      individually and on a consolidated basis at such dates specified therein and
      the
      results of its operations for the periods then ended; and

     

    (ii) the
      Subsidiary, all of which have heretofore been furnished to the Bank, to the
      best
      knowledge of the Borrower have been prepared in accordance with GAAP and
      maintained by each Subsidiary throughout the periods involved, and fairly
      present the financial condition of the Subsidiary at such dates specified
      therein and the results of its operation for the periods then
      entered.

     

    (d) The
      Borrower’s primary business is that of a bank holding company, and all necessary
      regulatory approvals have been obtained for it to conduct its
      business.

     

    (e) The
      deposit accounts of the Subsidiary are insured by the Federal Deposit Insurance
      Corporation (“FDIC”).

     

    
      
        
        

      

      
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    (f) None
      of
      the Pledged Stock constitutes margin stock, as defined in Regulation U of the
      Board of Governors of the Federal Reserve System (“FRS”).

     

    The
      foregoing representations and warranties shall survive the making of this
      Agreement, and execution and delivery of the Note and the Pledge Agreement,
      and
      shall be deemed to be continuing representations and warranties (except
      to the extent any such representation, warranty or other statement expressly
      relates to an earlier date, in which case such representation, warranty or
      other
      statement shall be true and correct as of such earlier date) until
      such time as the Borrower has satisfied all of its obligations to the Bank,
      including, but not limited to the obligation to pay in full all principal,
      interest and other amounts in accordance with the terms of this Agreement or
      the
      Note.

     

    6. Negative
      Covenants.

     

    The
      Borrower agrees that until the Borrower satisfies all of its obligations to
      the
      Bank, including, but not limited to its obligations to pay in full all
      principal, interest and other amounts owing in accordance with the terms of
      this
      Agreement or the Note, the Borrower shall not itself, nor shall Borrower cause,
      permit or allow the Subsidiary to:

     

    (a) create,
      assume, incur, have outstanding, or in any manner become liable in respect
      of
      any indebtedness for borrowed money in
      excess
      of $100,000,000, excluding indebtedness existing on the date hereof shown on
      Borrower’s financial statements, without the express prior written consent of
      Bank, which consent shall not be unreasonably withheld,
      except
      in the case of Borrower, secured indebtedness under Section 6(b)(vi) or margin
      securities loans under Section 6(b)(ix), and, in the case of the Subsidiary,
      indebtedness incurred in the ordinary course of the business of banking,
      including, but not limited to borrowings from the Federal Home Loan Bank and
      in
      accordance with applicable laws and regulations and safe and sound banking
      practices. For purposes of this Agreement, the phrase “indebtedness” shall mean
      and include:

     

    (i) all
      items
      arising from the borrowing of money, which according to generally accepted
      accounting principles now in effect, would be included in determining total
      liabilities as shown on the balance sheet;

     

    (ii) all
      indebtedness secured by any lien on property owned by the Borrower whether
      or
      not such indebtedness shall have been assumed;

     

    (iii) all
      guarantees and similar contingent liabilities in respect to indebtedness of
      others; and

     

    (iv) all
      other
      interest-bearing obligations evidencing indebtedness in others;

     

    (b) create,
      assume, incur, suffer or permit to exist any mortgage, pledge, deed of trust,
      encumbrance (including the lien or retained security title of a conditional
      vendor) security interest, assignment, lien or charge of any kind or character
      upon or with respect to any of their properties whether owned at the date hereof
      or hereafter acquired, or assigned or otherwise convey any right to receive
      income excepting only:

     

    (i) liens
      for
      taxes, assessments or other governmental charges for the then current year
      or
      which are not yet due or delinquent;

     

    
      
        
        

      

      
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    (ii) liens
      for
      taxes, assessments or other governmental charges already due, but the validity
      of which is being contested at the time in good faith in such a manner as not
      to
      make the property forfeitable;

     

    (iii) liens
      and
      charges incidental to current operation which are not due or
      delinquent;

     

    (iv) liens
      for
      workmen’s compensation awards not due or delinquent;

     

    (v) pledges
      or deposits to secure obligations under workmen’s compensation laws or similar
      legislation;

     

    (vi) purchase
      money mortgages or other liens on real property including those incurred for
      the
      construction of a banking facility, and bank furniture and fixtures acquired
      or
      held in the ordinary course of business to secure the purchase price of such
      property or to secure the indebtedness incurred solely for the purpose of
      financing the acquisition, construction or improvement of any such property
      to
      be subject to such mortgages or other liens, or mortgages or other liens
      existing on any such property at the time of acquisition, or extensions,
      renewals, or replacements of any of the foregoing for the same or a lesser
      amount, provided that no such mortgage or other liens shall extend to or cover
      any property other than the property being acquired, constructed or improved,
      and no such extension, renewal or replacement shall extend to or cover any
      property not theretofore subject to the mortgage or lien being extended, renewed
      or replaced, and provided further that no such mortgage or lien shall exceed
      75%
      of the price of acquisition, construction or improvement at the time of
      acquisition, construction or improvement, and provided, further that the
      aggregate principal amount of consolidated indebtedness at any one time
      outstanding and secured by mortgages, liens, conditional sale agreements and
      other security interests permitted by this clause (vi) shall not exceed 10%
      of
      the consolidated capital of the Borrower or the Subsidiary, as the case may
      be;

     

    (vii) liens
      existing on the date hereof as shown on their financial statements;

     

    (viii) in
      the
      case of the Subsidiary, liens incurred in the ordinary course of the business
      of
      banking and in accordance with applicable laws and regulations and safe and
      sound banking practices; and

     

    (ix) loans
      to
      Borrower for which Borrower has pledged “margin securities” in an amount not to
      exceed 60% of the market value of such margin securities.

     

    (c) dispose
      by sale, assignment, lease or otherwise property or assets now owned or
      hereafter acquired, outside the ordinary course of business in excess of 10%
      of
      its consolidated assets in any fiscal year;

     

    (d) merge
      into or consolidate with or into any other person, firm or
      corporation;

     

    
      
        
        

      

      
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    (e) make
      any
      loans or advances whether secured or unsecured to any person, firm or
      corporation, other than (i) loans or advances made by the Subsidiary in the
      ordinary course of its banking business, or (ii) participations in loans or
      advances made by the Subsidiary, which loans are secured by first mortgages
      on
      real estate or second mortgages on real estate, provided that the Borrower
      and
      the Subsidiary hold, in its entirety, the first mortgage, and in which the
      aggregate participations balances outstanding, do not exceed, at any one time,
      $150,000,000;

     

    (f) engage
      in
      any business or activity not permitted by all applicable laws and regulations,
      including without limitation, the Bank Holding Company Act of 1956, the Federal
      Deposit Insurance Act and any regulations promulgated thereunder;

     

    (g) 
      make any
      loan or advance secured by the capital stock of another bank or depository
      institution (except for loans made in the ordinary course of
      business);

     

    (h) directly
      or indirectly create, assume, incur, suffer or permit to exist any pledge,
      encumbrance, security interest, assignment, lien or charge of any kind or
      character on the Subsidiary Shares;

     

    (i) cause
      or
      allow the percent of Subsidiary Shares to diminish as a percentage of the
      outstanding capital stock of the Subsidiary;

     

    (j) sell,
      transfer, issue, reissue, exchange or grant any option with respect to the
      Subsidiary Shares;

     

    (k) change
      the capital structure of Borrower or the Subsidiary which would result in a
      change in control under applicable laws or regulations, or ;

     

    (l) breach
      or
      fail to perform or observe any of the terms and conditions of the Note, the
      Pledge Agreement or any other document or agreement entered into or delivered
      in
      connection with, or relating to, the Loan;

     

    (m) violate
      any law or regulation, or any condition imposed by or undertaking provided
      to
      the FRS or the FDIC in connection with the Borrower’s ownership of the
      Subsidiary Shares.

     

    7. Affirmative
      Covenants.

     

    The
      Borrower agrees that until the Borrower satisfies all of its obligations to
      the
      Bank, including, but not limited to its obligations to pay in full all
      principal, interest and other amounts in accordance with the terms of this
      Agreement, the Note and the Pledge Agreement, it shall:

     

    (a) furnish
      and deliver to the Bank:

     

    (i) as
      soon
      as practicable, and in no event later than forty-five (45) days after the end
      of
      each of the first three calendar quarterly periods of the Borrower and the
      Subsidiary, a copy of: (1) the balance sheet, profit and loss statement, surplus
      statement and any supporting schedules prepared in accordance with generally
      accepted accounting principles consistently applied and signed by the presidents
      and chief financial officers of the Borrower and the Subsidiary; and (2) all
      financial statements, including, but not limited to, all call reports, filed
      with any state or federal bank regulatory authority;

     

    
      
        
        

      

      
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    (ii) as
      soon
      as practicable, and in no event later than one hundred twenty (120) days after
      the end of each calendar year, a copy of: (1) the consolidated balance sheets
      as
      of the end of such year and of the consolidated profit and loss and surplus
      statements for the Borrower and the Subsidiary for such year audited by
      independent certified public accountants satisfactory to the Bank and
      accompanied by an unqualified opinion; and (2) all financial statements and
      reports, including, but not limited to call reports and annual reports, filed
      annually with state or federal regulatory authorities;

     

    (iii) as
      soon
      as practicable, and in no event later than forty-five (45) days after the end
      of
      each calendar quarter, copies of the then current loan/asset watch list, the
      substandard loan/asset list, the nonperforming loan/asset list and other real
      estate owned list of the Subsidiary;

     

    (iv) immediately
      after receiving knowledge thereof, notice in writing of all charges, assessment,
      actions, suits and proceeding that are proposed or initiated by, or brought
      before, any court or governmental department, commission, board or other
      administrative agency, in connection with the Borrower or the Subsidiary, other
      than ordinary course of business litigation not involving the FRS or the FDIC,
      which, if adversely decided, would not have a material effect on the financial
      condition or operations of the Borrower or the Subsidiary; and

     

    (v) promptly
      after the occurrence thereof, notice of any other matter which has resulted
      in a
      materially adverse change in the financial condition or operations of the
      Borrower or the Subsidiary;

     

    (b) contemporaneously
      with the furnishing of a copy of each annual report and of each quarterly
      statement provided pursuant to Section 7(a)(i) and (ii) above, deliver to Bank,
      a certificate signed by the President and the Treasurer of the Borrower,
      containing a computation of the then current financial ratios specified in
      Subsections 7(c) through (g) of this Agreement, and stating that no Default
      or
      unmatured Default (meaning an event or condition the occurrence of which, with
      the lapse of time, would become a a Default) has occurred or is continuing,
      or,
      if there is any such event, describing such event, the steps, if any, that
      are
      being taken to cure it, and the time within which such cure will
      occur;

     

    (c) maintain
      such capital as is necessary to cause the Borrower to be well capitalzed in
      accordance with the regulations of the FRS and any requirements or conditions
      that the FRS has or may impose on the Borrower;

     

    (d) maintain
      such capital as is necessary to cause the Subsidiary to be classified as a
“well
      capitalized” institution in accordance with the regulations of the FDIC,
      currently measured on the basis of information filed by Subsidiary in its
      quarterly Consolidated Report of Income and Condition (the “Call Report”) as
      follows:

     

    (i) Total
      Capital to Risk-Weighted Assets of not less than 10%;

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

     

    (ii) Tier
      1
      Capital to Risk-Weighted Assets of not less than 6%; and

     

    (iii) Tier
      1
      Capital to average Total Assets of not less than 5% (for the purposes of this
      subsection (d)(iii) the average Total Assets shall be determined on the basis
      of
      information contain in the preceding four (4) Call Reports);

     

    (e) cause
      the
      Subsidiary to maintain tangible equity capital of no less than $600,000,000.
      For
      the purposes of this Section 7(e), “tangible equity capital” shall mean the sum
      of the common stock, surplus and retained earning accounts reduced by the amount
      of any goodwill;

     

    (f) cause
      the
      ratio of nonperforming loans to the primary capital of the Subsidiary to be
      not
      more than thirty percent (30%) at all times. For purposes of this Section 7(f),
      “primary capital” shall mean the sum of the common stock, surplus and retained
      earning accounts plus the reserve for loan and lease losses and “nonperforming
      loans” shall mean the sum of all nonaccrual loans and loans on which any payment
      is ninety (90) or more days past due, provided, however, 75% of the amount
      of
      any nonperforming loan secured by a first mortgage shall not be included when
      calculating the amount of nonperforming loans;

     

    (g) cause
      the
      sum of the: (i) allowance for loan loss reserves, and (ii) loss reserve for
      unfunded commitments as a percentage of total loans of the Subsidiary to be
      not
      less than eighty-five hundredths of one percent (0.85%) at all
      times;

     

    (h) promptly
      pay and discharge all taxes, assessments and other governmental charges imposed
      upon the Borrower or the Subsidiary or upon the income, profits, or property
      of
      the Borrower or the Subsidiary and all claims for labor, material or supplies
      which, if unpaid, might by law become a lien or charge upon the property of
      the
      Borrower or the Subsidiary. Neither the Borrower nor any Subsidiary shall be
      required to pay any such tax, assessment, charge or claim, so long as the
      validity thereof shall be contested in good faith by appropriate proceedings,
      and reserves therefor shall be maintained on the books of the Borrower or the
      Subsidiary as are deemed reasonably adequate by the Bank;

     

    (i) maintain
      bonds and insurance and cause the Subsidiary to maintain bonds and insurance
      with responsible and reputable insurance companies or associations in such
      amounts and covering such risk as is usually carried by owners of similar
      businesses and properties in the same general area in which the Borrower or
      the
      Subsidiary respectively, operates, and such additional bonds and insurance
      as
      may be reasonably required by the Bank;

     

    (j) permit
      and cause the Subsidiary to permit the Bank through its employees, attorneys,
      accountants or other agents, to inspect any of the properties, corporate books
      and financial books and records of the Borrower and the Subsidiary at such
      times
      and as often as the Bank reasonably may request; and

     

    (k) provide
      and cause the Subsidiary promptly to provide the Bank with such other
      information concerning the business, operations, financial condition and
      regulatory status of the Borrower and the Subsidiary as the Bank may from time
      to time reasonably request.

     

    8. Collateral.

     

    Pursuant
      to the Pledge Agreement, the Borrower has assigned, transferred, pledged and
      delivered to the Bank as collateral for all of the Borrower’s obligations from
      time to time to the Bank the Subsidiary Shares and any other Pledged Security
      (as defined in the Pledge Agreement) whether now or hereafter
      pledged.

     

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

     

    9. Events
      of Default; Default; Rights Upon Default.

     

    The
      happening or occurrence of any of the following events or acts shall each
      constitute a Default hereunder, and any such Default shall also constitute
      a
      Default under the Note, the Pledge Agreement and any other loan document,
      without right to notice or time to cure in favor of the Borrower except as
      indicated below:

     

    (a) if
      the
      Borrower fails to make payment five (5) days after written notice thereof by
      the
      Bank or where applicable upon demand, or fails to make any payments as provided
      for herein;

     

    (b) if
      there
      continues to exist any breach under any obligation of any other documents
      executed pursuant to this Agreement including, without limitation, the Note
      and
      the Pledge Agreement and such breach remains uncured beyond the applicable
      time
      period, if any, specifically provided therefor;

     

    (c) if
      any
      representation or warranty made in this Agreement shall continue to be false
      when made or at any time during the term of this Agreement or any extension
      thereof, or if the Borrower fails to perform or observe any covenant or
      agreement contained in this Agreement thirty (30) days after written notice
      thereof by Bank;

     

    (d) if
      the
      Borrower fails to perform or observe any covenant or agreement contained in
      any
      agreement other than this Agreement between the Borrower or the Subsidiary
      and
      the Bank, or if any condition contained in any agreement between the Borrower
      or
      the Subsidiary and the Bank is not fulfilled and such failure remains uncured
      beyond the applicable time period, if any, specifically provided
      therefor;

     

    (e) if
      there
      is a change in control in the Borrower or Subsidiary (as defined under
      applicable laws or regulations) or if Robert Glickman ceases to be a member
      of
      senior management of the Borrower and Subsidiary;

     

    (f) if
      the
      Borrower shall continue to fail to perform and observe, or cause or permit
      the
      Subsidiary to fail to perform and observe any covenants under this Agreement,
      including, without limitation, all affirmative and negative covenants set forth
      in Sections 6 and 7 of this Agreement thirty (30) days after written notice
      thereof by the Bank;

     

    (g) if
      the
      FRS, the FDIC or other governmental agency charged with the regulation of bank
      holding companies or depository institutions: (i) issues to the Borrower or
      the
      Subsidiary, or initiates any action, suit or proceeding to obtain against,
      impose on or require from the Borrower or the Subsidiary, a cease and desist
      order or similar regulatory order, or (ii) a notice or finding under Section
      8(a) of the Federal Deposit Insurance Act, or any similar enforcement action,
      measure or proceeding;

     

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

     

    (h) if
      the
      Subsidiary is notified that it is considered an institution in “troubled
      condition” within the meaning of 12 U.S.C. Section 1831i and the regulations
      promulgated thereunder, or if a conservator or receiver is appointed for any
      Subsidiary;

     

    (i) if
      the
      Borrower or the Subsidiary becomes insolvent or is unable to pay its debts
      as
      they mature; or makes an assignment for the benefit of creditors or admits
      in
      writing its inability to pay its debts as they mature; or suspends transaction
      of its usual business, or if a trustee of any substantial part of the assets
      of
      the Borrower or the Subsidiary is applied for or appointed, and if appointed
      in
      a proceeding brought against the Borrower, the Borrower by any action or failure
      to act indicates its approval of, consent to, or acquiescence in such
      appointment, or within thirty (30) days such appointment is not vacated or
      stayed on appeal or otherwise, or shall not otherwise have ceased to continue
      in
      effect;

     

    (j) if
      any
      proceedings involving the Borrower or the Subsidiary are commenced by or against
      the Borrower or the Subsidiary under any bankruptcy, reorganization,
      arrangement, insolvency, readjustment of debt, dissolution or liquidation law
      or
      statute of the federal government or any state government and if such
      proceedings are instituted against the Borrower, the Borrower by any action
      or
      failure to act indicates its approval of, consent to our acquiescence therein,
      or an order shall be entered approving the petition in such proceedings and
      within thirty (30) days after the entry thereof such order is not vacated or
      stayed on appeal or otherwise, or shall not otherwise have ceased to continue
      in
      effect; or

     

    (k) if
      the
      Borrower or the Subsidiary continue to be in default in any payment of principal
      or interest for any other obligation or in the performance of any other term,
      condition or covenant contained in any agreement (including but not limited
      to
      an agreement in connection with the acquisition of capital equipment on a title
      retention or net lease basis), under which any such obligation is created the
      effect of which default is to cause or permit the holder of such obligation
      to
      cause such obligation to become due prior to its stated maturity.

     

    Upon
      the
      occurrence of a Default, the Bank shall have all rights and remedies provided
      by
      applicable law and, without limiting the generality of the foregoing, may,
      at
      its option, declare its commitments to be terminated and the Note shall
      thereupon be and become forthwith, due and payable, without any presentment,
      demand, protest or other notice of any kind, all of which are hereby expressly
      waived by the Borrower, anything contained herein or in the Note or the Pledge
      Agreement to the contrary notwithstanding, and may, also without limitation,
      appropriate and apply toward the payment of the Note any indebtedness of the
      Bank to the Borrower however created or arising, and may, also without
      limitation exercise any and all rights in and to the collateral security
      referred to in Section 8 above and under the Pledge Agreement. There shall
      be no
      obligation to liquidate any collateral pledge hereunder in any order or with
      any
      priority or to exercise any remedy available to the Bank in any
      order.

     

    10. Miscellaneous.

     

    (a) No
      failure or delay on the part of the Bank in exercising any right, power or
      remedy hereunder shall operate as a waiver thereof. No single or partial
      exercise of any such right, power or remedy shall preclude any other or further
      exercise thereof or the exercise of any other right, power or remedy hereunder.
      The remedies herein provided are cumulative and not exclusive of any remedies
      provided by law. Time is of the essence in the performance of the covenants,
      agreements and obligations of the Borrower and the Subsidiary.

     

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

     

    (b) This
      Agreement constitutes the entire agreement between the parties and supersedes
      all prior agreements between the Bank and the Borrower with respect to the
      subject matter hereof. No amendment, modification, termination or waiver of
      any
      provision of this Agreement, the Pledge Agreement or the Note, or consent to
      any
      departure by the Borrower therefrom, shall be effective except for the specific
      purpose for which given. No notice to or demand on the Borrower in any case
      shall entitle the Borrower to any other or further notice or demand in similar
      or other circumstances.

     

    (c) All
      notices, requests, demands and other communications provided for hereunder
      shall
      be: (i) in writing, (ii) made in one of the following manners, and (iii) shall
      be deemed given (a) if and when personally delivered, (b) on the next business
      day if sent by nationally recognized overnight courier addressed to the
      appropriate party as set forth below, or (c) on the second business day after
      being deposited in United States certified or registered mail, and addressed
      as
      follows:

     

    
      	If to Borrower:	Corus Bankshares, Inc.
              3959
                North Lincoln Avenue

              Chicago,
                Illinois 60613

              Attention:
                Robert J. Glickman, President

            
	 	 
	
              with
                a copy to:

            	
              Tim
                Taylor, Chief Financial Officer

              
                Corus
                  Bankshares, Inc.

                3959
                  North Lincoln Avenue

                Chicago,
                  Illinois 60613 

              

            
	 	 
	If to the Bank:	
              LaSalle Bank National Association

              135 South LaSalle Street

              Chicago,
                Illinois 60603

              Attention:
                Richard T. Zell

            
	 	 
	
              with
                a copy to:

            	
              
                Schwartz
                  Cooper, Chartered
180
                N. LaSalle Street Suite
                2700

              Chicago,
                Illinois 60601

              Attn:
                Martin W. Salzman, Esq.

            

    

     

    or,
      as to
      each party, at such other address as shall be designated by such party in a
      written notice to each other party complying as to delivery with the terms
      of
      this subsection.

     

    (d) This
      Agreement may be executed in any number of counterparts and by different parties
      hereto in separate counterparts, each of which when so executed and delivered
      shall be deemed to be an original and all of which taken together shall
      constitute but one and the same instrument.

     

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

     

    (e) This
      Agreement shall become effective when it shall have been executed by the
      Borrower and the Bank and thereafter shall be binding upon and inure to the
      benefit of the Borrower and the Bank and their respective successors and
      assigns, except that the Borrower shall not have the right to assign its rights
      hereunder or any interest herein without the prior consent of the Bank which
      may
      be given or denied in the Bank’s sole and absolute discretion.

     

    (f) This
      Agreement and the Note shall be governed by the internal laws of the State
      of
      Illinois, and for all purposes shall be construed in accordance with the laws
      of
      said State.

     

    (g) Any
      provision of this Agreement which is prohibited or unenforceable in any
      jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
      such prohibition or lack of enforceability without invalidating the remaining
      provisions hereof or affecting the validity or enforceability of such provision
      in any other jurisdiction; wherever possible, each provision of this Agreement
      shall be interpreted in such manner as to be effective and valid under
      applicable law.

     

    (h) All
      covenants, agreements, representations and warranties made by the Borrower
      herein shall, notwithstanding any investigation by or knowledge on the part
      of
      the Bank, be deemed material and relied on by the Bank and shall survive the
      execution and delivery to the Bank of this Agreement and the Note.

     

    (i) This
      Agreement shall govern the terms of any extensions or renewals to the Note,
      subject to any additional terms and conditions imposed by the Bank in connection
      with any such extension or renewal.

     

    (j) The
      Borrower hereby represents that the indebtedness evidenced hereby constitutes
      a
      loan made by Bank to enable the Borrower to carry on a commercial enterprise
      for
      the purpose of investment or profit; and that such loan is a loan for business
      purposes under the intent and purview of 815 ILCS 205/4(c).

     

    (k) The
      Borrower will pay all reasonable costs and expenses (including, without
      limitation, reasonable attorneys, fees) in connection with the preparation,
      negotiations, documentation, execution, delivery, administration, amendment,
      modification, collection and enforcement of this Agreement, the Note, the Pledge
      Agreement and the other instruments and documents to be delivered hereunder.
      In
      addition, the Borrower shall pay, and save Bank harmless from any liability
      for,
      any and all stamp and other taxes determined to be payable in connection with
      the execution and delivery of this Agreement, the borrowings hereunder, or
      the
      Note and the other instruments and documents to be delivered hereunder, and
      agrees to save the Bank harmless from and against any and all liabilities with
      respect to or resulting from any delay in paying or omitting to pay such taxes.
      The foregoing obligations shall survive any termination of this Agreement,
      the
      Note of the Pledge Agreement. Any of the foregoing amounts incurred by Bank
      and
      not paid by the Borrower upon demand shall bear interest from the date incurred
      at the Prime Rate plus two percent (2%) per annum and shall be deemed part
      of
      the indebtedness hereunder.

     

    (l) Any
      accounting term not specifically defined herein shall be construed in accordance
      with generally accepted accounting principles which are applied in the
      preparation of the financial statements referred to in Section 5(C), and all
      financial data submitted pursuant to this Agreement shall be prepared in
      accordance with such principles.

     

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

     

    (m) The
      Bank
      reserves the right to sell participations in this loan or otherwise assign,
      transfer or hypothecate all or any part of this loan.

     

    (n) All
      covenants, agreements, warranties, and representations of the Borrower herein
      shall be deemed to have been made jointly and severally by the Borrower and
      the
      Subsidiary.

     

    (o) The
      Borrower agrees to do such further acts and things and to execute and deliver
      to
      Bank such additional assignments, agreements, powers and instruments, as Bank
      may reasonably require or deem advisable to carry into effect the purpose of
      this Agreement, the Note, the Pledge Agreement or any agreement or instrument
      in
      connection herewith, or to better assure and confirm unto Bank its rights,
      powers and remedies hereunder or under such other loan documents.

     

    (p) Upon
      the
      date of this Loan Agreement, the Original Loan Agreement (and, except as
      otherwise set forth in the following proviso, all obligations and rights of
      any
      party thereunder), shall be amended and restated by this Loan Agreement;
      provided, however, that the obligation to repay the loans and advances arising
      under the Original Loan Agreement shall continue in full force and effect and
      the liens and security interests securing payment thereof shall be continuing
      but shall now be governed by the terms of this Loan Agreement, the Note and
      the
      Pledge Agreement.  No action or inaction by Lender prior to the date of
      this Agreement shall be deemed to have established a course of conduct between
      the parties hereto.  All rights and obligations of the Borrower and Bank
      shall be solely as set forth in this Agreement, the Note and the Pledge
      Agreement.

     

    (remainder
      of page left intentionally blank; signature page follows)

     

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      as
      of the date first above written.

     

    
      	 	 	 
	 	
              CORUS
                BANKSHARES, INC.

            
	 
 	 
 	 
 
	
            	By:  	
               

              
                

              

            
	 	Its:	
               

              
                
 

            

    

    
      	 	 	 
	 	LASALLE
              BANK NATIONAL ASSOCIATION
	 
 	 
 	 
 
	
            	By:  	
               

              
                
 

            
	 	Its:	
               

              
                
 

            

    

     

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    Exhibit
      A

     

    REVOLVING
      NOTE

     

    
      	$150,000,000.00	
              Date:
                February 28, 2007

            

    

     

    On
      February 28, 2010, for value received, CORUS BANKSHARES, INC., a Minnesota
      corporation (the “Maker”), hereby promises to pay to the order of LASALLE BANK
      NATIONAL ASSOCIATION (the “Payee”) the principal sum of ONE HUNDRED FIFTY
      MILLION and 00/100 DOLLARS ($150,000,000.00), together with interest computed
      on
      the actual number of days elapsed on the basis of a 360 day year, on any and
      all
      principal amounts remaining unpaid hereunder from time to time outstanding
      from
      March 31, 2007 and continuing on the last day of each December, March, June
      and
      September thereafter. A final payment of outstanding principal and interest
      will
      be due and payable on February 28, 2010.

     

    Any
      amount of interest or principal hereof which is not paid when due, whether
      at
      stated maturity, by acceleration, or otherwise, shall bear interest payable
      on
      demand at an interest rate per annum equal at all times to two percent (2%)
      above the interest rate on this Revolving Note.

     

    All
      payments hereunder shall be applied first to interest then due on the unpaid
      principal balance at the rate herein specified and then to principal. All
      payments of principal and interest on this Revolving Note shall be payable
      in
      lawful money of the United States of America.

     

    Principal
      and interest shall be paid to the Payee at its office at 135 South LaSalle
      Street, Chicago, Illinois, or at such other place as the holder of this Note
      may
      designate in writing to the Maker.

     

    This
      Revolving Note evidences indebtedness incurred under that certain Amended and
      Restated Loan Agreement dated as of February 28, 2007 (as amended from time
      to
      time, the “Loan Agreement”) between the Maker and the Payee, to which reference
      is hereby made. This Revolving Note is entitled to all of the benefits provided
      in the Loan Agreement. The terms of the Loan Agreement are incorporated herein
      by reference. This Revolving Note may be declared due as provided in the Loan
      Agreement.

     

    In
      the
      event of default, any indebtedness due from the holder may be set off and
      applied against this Revolving Note, whether due or not. The Maker also agrees
      to pay all costs of collection, including court costs and reasonable attorneys,
      fees incurred by the holder.

     

    This
      Revolving Note replaces that certain Revolving Note in the original principal
      amount of $100,000,000, dated November 25, 2005, and does not constitute payment
      thereof or a novation therefor.

     

    
      	 	 	 
	 	
              CORUS
                BANKSHARES, INC.

            
	 
 	 
 	 
 
	
            	By:  	
               

              
                

              

               

            
	 	Its:	
               

              
                
 

            

    

     

    
      
        
        

      

      
        -18-Exhibit
      10.2

     

    AMENDED
      AND RESTATED

    PLEDGE
      AND SECURITY AGREEMENT

     

    This
      AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT (this “Pledge Agreement”)
      dated as of February 28, 2007, is made by CORUS BANKSHARES, INC., a Minnesota
      corporation (the “Pledgor”), whose address is 3959 N. Lincoln Ave., Chicago,
      Illinois 60613, for the benefit of LASALLE BANK NATIONAL ASSOCIATION, a national
      banking association (the “Bank”), whose address is 135 South LaSalle Street,
      Chicago, Illinois 60603.

     

    RECITALS:

     

    WHEREAS,
      Pledgor executed that certain Pledge and Security Agreement dated June 26,
      2001
      in favor of Bank pursuant to the terms and conditions of that certain Loan
      Agreement between Pledgor and Bank dated June 26, 2001 (together with all
      amendments thereto, the “Original Loan Agreement”); and

     

    WHEREAS,
      to secure the obligations under the Original Loan Agreement, Pledgor pledged
      to
      Bank 100% of the common stock of CORUS BANK, NATIONAL ASSOCIATION, a national
      banking association (the “Subsidiary”); and

     

    WHEREAS,
      the Original Loan Agreement is being replaced with that certain Amended and
      Restated Loan Agreement dated even date herewith (the “Loan Agreement”), and
      Pledgor and Bank have agreed to amend and restate the Pledge Agreement in its
      entirety;

     

    NOW,
      THEREFORE, in consideration of the mutual representations, warranties, covenants
      and agreements hereinafter set forth, and for other good and valuable
      consideration, the receipt and sufficiency of which are hereby acknowledged,
      the
      parties hereto hereby agree as follows:

     

    AGREEMENT

     

    1. Grant
      of Security Interest.
      To
      secure the Obligations (as defined below), the Pledgor hereby pledges and grants
      to the Bank a security interest in and transfers and delivers to the Bank the
      following: (a) 465,319 shares, which constitute one hundred percent (100%)
      of
      the issued and outstanding capital stock of the Subsidiary, and any and all
      shares of the capital stock of the Subsidiary that Pledgor subsequently
      acquires, directly or indirectly including all substitutions of, and additions
      to, such stock; (b) executed and undated stock powers for the capital stock
      described in (a) above, in form and content satisfactory to the bank duly
      executed in blank and all requisite federal and state stock transfer tax stamps,
      if any (the items described in (a) and (b) above may collectively be referred
      to
      as the “Pledged Stock”); (c) all income and profits thereof, all distributions
      thereon, all other proceeds thereof and all rights, benefits and privileges
      pertaining to or arising from the Pledged Stock; and (d) such other collateral
      that may be provided after the date hereof to secure the Obligations. All
      property at any time pledged with the Bank hereunder or in which the Bank is
      granted a security interest hereunder (whether described herein or not), subject
      to the provisions of Paragraph 3(c) below all income therefrom and proceeds
      thereof, may be referred to collectively as the “Pledged Security”.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2. Obligations. The
      obligations secured by this Pledge Agreement are the following (referred to
      collectively hereafter as the “Obligations”):

     

    (a)
      all
      obligations and agreements of Pledgor contained in (including, without
      limitation, the payment of all indebtedness of the Pledgor in respect of) the
      Loan Agreement and any and all amendments, modifications or renewals
      thereof;

     

    (b) all
      amounts due to the Bank under that certain Revolving Note in the amount of
      $150,000,000, dated even date herewith, from the Pledgor to the Bank and any
      and
      all modifications, extensions, renewals or refinancings thereof (the “Note”),
      including, but not limited to, all principal, interest and other amounts due
      under the Note;

     

    (c) all
      sums
      advanced by, or on behalf of, the Bank in connection with, or relating to,
      the
      Loan Agreement, the Note or the Pledged Security including, but not limited
      to,
      any and all sums advanced to preserve the Pledged Security, or to perfect the
      Bank’s security interest in the Pledged Security;

     

    (d) in
      the
      event of any proceeding to enforce the satisfaction of the Obligations, or
      any
      of them, or to preserve and protect its rights under the Loan Agreement, the
      Note, this Pledge Agreement or any other agreement, document or instrument
      relating to the transactions contemplated in the Loan Agreement, the reasonable
      expenses of retaking, holding, preparing for sale, selling or otherwise
      disposing of or realizing on the Pledged Security, or of any exercise by the
      Bank of its rights, together with reasonable attorney’s fees, expenses and court
      costs; and

     

    (e) any
      indebtedness, obligation or liability of the Pledgor or the Subsidiary to the
      Bank, whether direct or indirect, joint or several, absolute or contingent,
      now
      or hereafter existing, however created or arising and however
      evidenced.

     

    3. Additional
      Terms.

     

    (a) The
      Pledgor agrees that the Bank, after Default, shall have full and irrevocable
      right, power and authority, to collect, withdraw or receipt for all amounts
      due
      or to become due and payable upon, in connection with, or relating to, the
      Pledged Security, to execute any withdrawal receipts respecting the Pledged
      Security, and to endorse the name of the Pledgor on any or all documents,
      instruments or commercial paper given in payment thereof, and at the Bank’s
      discretion to take any other action, including, without limitation, the transfer
      of any Pledged Security into the Bank’s own name or the name of any nominee for
      the Bank, which the Bank may deem necessary or appropriate to preserve or
      protect the Bank’s interest in any of the Pledged Security.

     

    (b) Unless
      a
      Default (as hereinafter defined) shall have occurred, the Pledgor shall be
      entitled to vote any and all shares of the Pledged Stock and to give consents,
      waivers and ratifications in respect thereof, provided that no vote shall be
      cast, no consent, waiver or ratification shall be given and no action shall
      be
      taken by the Pledgor which would violate or be inconsistent with any of the
      terms of the Loan Agreement, the Note or this Pledge Agreement, or which would
      have the effect of impairing the position or interests of the Pledgor or any
      holder of the Note. All such rights of the Pledgor to vote and to give consents,
      waivers and ratifications shall cease upon the occurrence of a
      Default.

     

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

     

    (c) Unless
      a
      Default shall have occurred, all dividends and other distributions payable
      in
      respect of the Pledged Security shall be paid to the Pledgor. Upon the
      occurrence of a Default, all such dividends and other distributions and payments
      shall be paid to the Bank. After a Default shall have occurred, all such amounts
      paid in respect of the Pledged Security shall, until paid or delivered to the
      Bank, be held in trust for the benefit of the Bank as additional Pledged
      Security to secure the Obligations.

     

    4. Representations,
      Warranties and Covenants.
      The
      Pledgor further represents, warrants and agrees that:

     

    (a) The
      Pledgor is the legal, record and beneficial owner of, and has good and
      marketable title to, the Pledged Security, subject to no lien, claim, security
      interest or other encumbrance, except the security interest created by this
      Pledge Agreement.

     

    (b) Without
      the prior written consent of the Bank, the Pledgor will not sell, assign,
      transfer, exchange, or otherwise dispose of, or grant any option with respect
      to, the Pledged Security, nor will it create, incur or permit to exist any
      lien,
      claim, security interest or other encumbrance with respect to any of the Pledged
      Security, or any interest therein, or any proceeds thereof, except for the
      security interest provided for by this Pledge Agreement. Without the prior
      written consent of the Bank, the Pledgor agrees that it will not and it will
      cause the Subsidiary to not: (i) issue or reissue any capital stock or other
      securities (or warrants therefor or other rights with respect thereto) in
      addition to or issue other securities of any nature in exchange or substitution
      for any of the Pledged Security; (ii) redeem any of the Pledged Security, or
      (iii) declare any stock dividend or split or otherwise change the capital
      structure of the Subsidiary.

     

    (c) The
      Pledged Security is genuine and in all respects represents what it purports
      to
      be and all the shares of the Pledged Stock have been duly and validly issued,
      and are fully paid and non-assessable.

     

    (d) The
      pledge, assignment and delivery of the Pledged Security pursuant to this Pledge
      Agreement creates a valid perfected security interest in the Pledged Security,
      and the proceeds thereof, subject to no prior lien, claim, security interest
      or
      other encumbrance or to any agreement purporting to grant to any third party
      a
      perfected security interest in the assets of the Pledgor which would include
      any
      of the Pledged Security. The Pledgor will at all times defend the Bank’s right,
      title and security interest in and to the Pledged Security and the proceeds
      thereof against any and all claims and demands of any person adverse to the
      claims of the Bank.

     

    (e) The
      Pledgor will take, and will cause the Subsidiary to take, such action and to
      execute such documents as the Bank may from time to time reasonably request
      relating to the Pledged Security or the proceeds thereof.

     

    (f) The
      Pledgor has full right, power and authority to enter into, to execute and to
      deliver this Pledge Agreement and this Pledge Agreement is binding upon, and
      enforceable against the Pledgor in accordance with its terms.

     

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

     

    (g) The
      Pledgor shall pay any fees, assessments, charges or taxes arising with respect
      to the Pledged Security. In case of failure by the Pledgor to pay any such
      fees,
      assessments, charges or taxes, the Bank shall have the right, but shall not
      be
      obligated, to pay such fees, assessments, charges or taxes, as the case may
      be,
      and, in that event, the cost thereof shall be payable by the Pledgor to the
      Bank
      immediately upon demand together with interest at the rate equal to the Prime
      Rate (or, after the occurrence of a Default, the Default Rate, as such terms
      are
      defined in the Loan Agreement) from the date of disbursement by the Bank to
      the
      date of payment by the Pledgor.

     

    (h) None
      of
      the Pledged Stock constitutes margin stock, as defined in Regulation U of the
      Board of Governors of the Federal Reserve System.

     

    5. Events
      of Default.
      The
      Pledgor shall be in default under this Pledge Agreement upon the occurrence
      of
      any one or more of the following events or conditions (each a
“Default”)

     

    (a)
       the
      nonperformance of any Obligation in any other instrument, document or agreement
      relating to the Obligations, including, without limitation, the Loan Agreement
      and the Note, which nonperformance continues beyond the applicable cure period,
      if any, specifically provided therefor;

     

    (b) the
      nonperformance of any Obligation made by the Pledgor in the Pledge Agreement
      thirty (30) days after notice by the Bank;

     

    (c) any
      breach of any warranty, representation or covenant made by the Pledgor in this
      Pledge Agreement thirty (30) days after notice by the Bank;

     

    (d)
       any
      breach of any warranty, representation or covenant made by the Pledgor in any
      other instrument, document or agreement between the Pledgor and Bank which
      breach remains uncured beyond any applicable time period, if any, specifically
      provided therefor;

     

    (e) any
      misrepresentation made by the Pledgor in this Pledge Agreement;

     

    (f)
       any
      misrepresentation made by the Pledgor or in any document furnished by the
      Pledgor, or in the Pledgor’s behalf, to the Bank in connection with this Pledge
      Agreement or the Pledged Security, which misrepresentation remains uncured
      beyond any applicable time period; if any, specifically provided
      therefor;

     

    (g) the
      claim
      or creation of any lien, claim, security interest or other encumbrance upon
      any
      of the Pledged Security or the making of any levy, judicial seizure, or
      attachment thereof; or

     

    (h) the
      dissolution, bankruptcy, insolvency or failure of the Pledgor or the
      subsidiary.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

     

    6. Rights
      of
      Parties upon Default.

     

    (a) In
      the
      event of the occurrence of a Default, in addition to all the rights, power
      and
      remedies the Bank shall be entitled to exercise, whether vested in the Bank
      by
      the terms of this Pledge Agreement, the terms of the Loan Agreement, the terms
      of the Note, by law, in equity, by statute (including, without limitation,
      Article 9 of the Illinois Uniform Commercial Code) or

     

    otherwise,
      for the protection and enforcement of their rights in respect of the Pledged
      Security, the Bank may be entitled to, without limitation (but is under no
      obligation to the Pledgor so to do):

     

    (i)
       transfer
      all or any part of the Pledged Security into the Bank’s name or the name of its
      nominee or nominees;

     

    (ii) after
      first obtaining all necessary regulatory approvals, vote all or any part of
      the
      Pledged Security (whether or not transferred into the name of the Bank or any
      nominee) and give all consents, waivers and ratifications in respect of the
      Pledged Security and otherwise act with respect thereto as though it were the
      outright owner thereof;

     

    (iii)
       at
      any
      time or from time to time to sell, assign and deliver, or grant options to
      purchase, all or any part of the Pledged Security, or any interest therein,
      at
      any public or private sale, without demand of performance, advertisement or
      notice of intention to sell or of the time or place of sale or adjournment
      thereof or to redeem or otherwise (all of which are hereby waived by the
      Pledgor) , for cash, on credit or for other property, for immediate or future
      delivery without any assumption of credit risk and for such price or prices
      and
      on such terms as the Bank in its absolute discretion may determine, provided
      that unless, in the sole discretion of the Bank, any of the Pledged Security
      threatens to decline in value or is or becomes a type sold on a recognized
      market, the Bank will give the Pledgor reasonable notice of the time and place
      of any public sale thereof, or of the time after which any private sale or
      other
      intended disposition is to be made. Any requirements of reasonable notice shall
      be met if such notice is mailed to the Pledgor as provided in Paragraph 14
      below, at least thirty (30) days before the time of the sale or disposition.
      Any
      sale of any of the Pledged Security conducted in conformity with customary
      practices of banks, insurance companies or other financial institutions
      disposing of property similar to the Pledged Security shall be deemed to be
      commercially reasonable. Any remaining Pledged Security shall remain subject
      to
      the terms of this Pledge Agreement; and

     

    (iv)
       collect
      any and all money due or to become due and enforce in the Pledgor’s name all
      rights with respect to the Pledged Security.

     

    (b) Pledgor
      agrees to cause the Subsidiary, to give the Bank, any prospective purchaser
      (pursuant to Section 6 (a) (iii)) of the Pledged Security and their respective
      representatives, reasonable access to further information (including, but not
      limited to, records, files, correspondence, tax work papers and audit work
      papers) relating to or concerning the Pledgor or the Subsidiary.

     

    7. Remedies
      Cumulative.
      Each
      right, power and remedy of the Bank provided in this Pledge Agreement or now
      or
      hereafter existing at law or in equity or by statute or otherwise shall be
      cumulative and concurrent and shall be in addition to every other right, power
      or remedy provided for in this Pledge Agreement or now or hereafter existing
      at
      law or in equity or by statute or otherwise. The exercise or partial exercise
      by
      the Bank of any one or more of such rights, powers or remedies shall not
      preclude the simultaneous or later exercise by the Bank of all such other
      rights, powers or remedies, and no failure or delay on the part of the Bank
      to
      exercise any such right, power or remedy shall operate as a waiver
      thereof.

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    8. Waiver
      of Defenses.
      No
      renewal or extension of the time of payment of the Obligations; no release
      or
      surrender of, or failure to perfect or enforce, any security interest for the
      Obligations; no release of any person primarily or secondarily liable on the
      Obligations (including any maker, endorser, or guarantor); no delay in
      enforcement of payment of the Obligations; and no delay or emission in
      exercising any right or power with respect of the Obligations or any security
      agreement securing the Obligations shall affect the rights of the Bank in the
      Pledged Security.

     

    9. Waiver.
      Waiver
      by the Bank of any Default hereunder, or of any breach of the provisions of
      this
      Pledge Agreement by the Pledgor, or any right of the Bank hereunder, shall
      not
      constitute a waiver of any other Default or breach or right, or the same Default
      or breach or right on a future occasion.

     

    10. Law
      Governing.
      This
      Pledge Agreement and the rights and obligations of the parties hereunder shall
      be construed and interpreted in accordance with the law of the State of Illinois
      applicable to agreements made and to be wholly performed in such state. Whenever
      possible, each provision of this Pledge Agreement shall be interpreted in such
      manner as to be effective and valid under applicable law, but, if any provision
      of this Pledge Agreement shall be held to be prohibited or invalid under
      applicable law, such provision shall be ineffective only to the extent of such
      prohibition or invalidity, without invalidating the remainder of such provision
      or the remaining provisions of this Pledge Agreement.

     

    11. Pledgor’s
      Obligations Absolute.
      The
      Obligations of the Pledgor under this Pledge Agreement shall be absolute and
      unconditional and shall remain in full force and effect without regard to,
      and
      shall not be released, discharged or in any way impaired by any circumstance
      whatsoever, including without limitation: (a) any amendment or modification
      of
      the Note, the Loan Agreement, or any document or instrument provided for herein
      or therein or related thereto, or any assignment, transfer or other disposition
      of any thereof; (b) any waiver, consent, extension, indulgence or other action
      or inaction under or in respect of any such document or instrument or any
      exercise or non-exercise of any right, remedy, power or privilege under or
      in
      respect of any such document or instrument or this Pledge Agreement; (c) any
      bankruptcy, insolvency, reorganization, arrangement, readjustment, composition,
      liquidation, or similar proceeding with respect to the Pledgor or any of its
      properties or creditors; or (d) any limitation on the Pledgor’s liabilities or
      obligations under any such instrument or any invalidity or lack of
      enforceability, in whole or in part, of any such document or instrument or
      any
      term thereof, whether or not the Pledgor shall have notice or knowledge of
      the
      foregoing.

     

    12. Termination.
      This
      Pledge Agreement shall terminate upon the receipt by the Bank of evidence
      satisfactory to the Bank in the Bank’s sole and absolute discretion of the
      payment in full of the Obligations. At the time of such termination, the Bank,
      at the request and expense of the Pledgor, will execute and deliver to the
      Pledgor a proper instrument or instruments acknowledging the satisfaction and
      termination of this Pledge Agreement, and will duly assign, transfer and deliver
      to the Pledgor such of the Pledged Security as has not yet theretofore been
      sold
      or otherwise applied or released pursuant to this Pledge Agreement.

     

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

     

    13. Further
      Assurances.
      The
      Pledgor, at its expense, will duly execute, acknowledge and deliver all such
      instruments and take all such action as the Bank from time to time may request
      in order to further effectuate the purposes of this Pledge Agreement and to
      carry out the terms hereof. The Pledgor, at its expense, will at all times
      cause
      this Pledge Agreement (or a proper notice or statement, in respect hereof)
      to be
      duly recorded, published and filed and rerecorded, republished and refiled
      in
      such manner and in such places, if any, and will pay or cause to be paid all
      such recording, filing and other taxes, fees and charges, if any, and will
      comply with all such statutes and regulations, if any, as may be required by
      law
      in order to establish, perfect, preserve and protect the rights and security
      interests of the Bank hereunder.

     

    14. Notices.
      All
      communications provided for or related hereto shall be given in accordance
      with
      Paragraph 10(c) of the Loan Agreement.

     

    15. Amendments.
      Any
      term of this Pledge Agreement may be amended only with the written consent
      of
      the Pledgor and the Bank. Any amendment effected in accordance with this
      Paragraph 15 shall be binding upon (i) each current holder of the Note; (ii)
      each future holder of the Note; and (iii) the Pledgor.

     

    16. Assigns.
      This
      Pledge Agreement and all rights and liabilities hereunder and in and to any
      and
      all Pledged Security shall inure to the benefit of the Bank and its successors
      and assigns, and shall be binding on the Pledgor and the Pledgor’s successors
      and assigns; provided, however, the Pledgor may not assign its rights or
      liabilities hereunder or to any of the Pledged Security without the written
      consent of the Bank.

     

    17. Miscellaneous.
      This
      Pledge Agreement embodies the entire agreement and understanding between the
      Bank and the Pledgor and supersedes all prior agreements and understandings
      relating to the subject matter hereof. The headings in this Pledge Agreement
      are
      for purposes of reference only and shall not limit or otherwise affect the
      meaning hereof.

     

    18. Effect
      of Amendment and Restatement.
      Upon
      the date of this Pledge Agreement, the Original Pledge Agreement (and, except
      as
      otherwise set forth in the following proviso, all obligations and rights of
      any
      party thereunder), shall be amended and restated by this Pledge Agreement;
      provided, however, that the liens and security interests heretofore granted
      shall be continuing but shall now be governed by the terms of this Pledge
      Agreement.  No action or inaction by Lender prior to the date of this
      Agreement shall be deemed to have established a course of conduct between the
      parties hereto.  

     

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

     

    The
      Pledgor acknowledges that this Pledge Agreement is and shall be effective upon
      execution by the Pledgor and delivery to and acceptance hereof by the Bank,
      and
      it shall not be necessary
      for the Bank to execute any acceptance hereof or otherwise to signify or express
      its acceptance hereof to the Pledgor.

     

    
      	 	 	 	
              CORUS
                BANKSHARES, INC.

            
	 	 	 	 
	
            	 	 	By:
	
            	 	 	
              
                

              

              Its
                President

            
	 	 	 	 
	
              Address
                of Pledgor:

            	 	 	
            
	
              3959
                N. Lincoln Ave.

            	 	 	 
	
              Chicago,
                Illinois 60613

            	 	 	 

    

     

    
      
        
        

      

      
        -8-

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