Written agreement with Cooperative Bankshares

The following press release was published by the Board of Governors of the Federal Reserve System on April 29, 2009. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Cooperative Bankshares, Inc., Wilmington, North Carolina, a registered bank holding company, and the Federal Reserve Bank of Richmond.

A copy of the Written Agreement is attached.

Source: Board of Governors of the Federal Reserve System