FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. In the Matter of ) ) STIPULATION AND CONSENT TO THE COOPERATIVE BANK ) ISSUANCE OF AN ORDER TO WILMINGTON, NORTH CAROLINA ) CEASE AND DESIST (Insured State Nonmember Bank) ) FDIC-09-053bCooperative Bankshares Inc • March 18th, 2009 • Savings institutions, not federally chartered
Subject to the acceptance of this STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER TO CEASE AND DESIST (“CONSENT AGREEMENT”) by the Federal Deposit Insurance Corporation (“FDIC”), it is hereby stipulated and agreed by and between a representative of the Legal Division of the FDIC, the North Carolina Commissioner of Banks (the “Commissioner”), and COOPERATIVE BANK, Wilmington, North Carolina (“Bank”), through its board of directors, as follows.
