Please be aware that a letter regarding your Corus Bank CD has been sent and a check is now in the mail.

We understand that you may not be pleased with the news regarding your CD; a lower-rate CD is not the reason that you opened an account with Corus Bank. Much consideration was put into this decision.

For one, we had the opportunity to review all Corus agreements and contracts and determine if they fit our business philosophy. This ability is unique to these types of FDIC transactions.

Another factor considered in this decision was that MB is committed to the Chicagoland market. We’ve been doing business here for nearly 100 years and our priority is to focus on and spread our resources among the businesses and residents of the communities we serve.

With all this in mind, it didn’t make good business sense for us to retain out-of-state relationships.

Please be aware that under these specific circumstances, you may withdraw from your CD account without an early withdrawal penalty. That provides you the opportunity to find a bank that offers rates more suitable for achieving your financial goals. In fact, you might consider going to bankrate.com to find more favorable rates for this environment. 

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