A family member of Corus Bankshares Inc.'s Chief Executive Officer Robert J. Glickman sold most of his stake in the Chicago-based bank holding company.
Murray Galinson, Glickman's brother-in-law, has slashed his holdings of the company's stock to 68,900 shares, or a 0.1% stake, from about 3.6 million shares, or a 6.5% stake, he and his wife owned a year ago, according to a filing with the Securities and Exchange Commission.
According to Corus' most recent proxy statement filed in February 2008, Glickman was the bank's largest single shareholder with 12.4 million shares, or a 22.4% stake. His brother Edward W. Glickman held 6.2 million shares, or a 11.3% stake. His parents, Joseph C. and Beverly R. Glickman, held an 8.9% stake, with 4.9 million shares.
Shares of Corus Bankshares traded Tuesday at 16 cents each, up 1 cent.