UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. Written Agreement by and between COOPERATIVE BANKSHARES, INC. Wilmington, North Carolina and FEDERAL RESERVE BANK OF RICHMOND Richmond, Virginia...Written Agreement • May 1st, 2009 • Cooperative Bankshares Inc • Savings institutions, not federally chartered
WHEREAS, Cooperative Bankshares, Inc., Wilmington, North Carolina (“Bankshares”), a registered bank holding company, owns and controls Cooperative Bank, Wilmington, North Carolina (the “Bank”), a state chartered nonmember bank, and various nonbank subsidiaries;
