Cooperative Bank
| Status: | Inactive as of 06/20/2009 |
| Absorption - Assisted | |
| Successor Bank: | First Bank |
| Headquarters: | Cooperative Bank 201 Market Street Wilmington, NC 28401 |
| Established: | 01/01/1898 |
| FDIC Insurance: | 09/23/1940 |
| FDIC Cert: | #27837 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $966,778,000 |
| Total Deposits: | $768,479,000 |
History
| 1898-01-01 | Institution established: Original name:Cooperative Savings and Loan Association | |
| 1991-08-16 | Changed name to Cooperative Bank for Savings | |
| 1992-10-30 | Changed name to Cooperative Bank for Savings, Inc., SSB | |
| 1992-10-30 | Changed organization type to STOCK SAVINGS BANK | |
| 1992-10-30 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION | |
| 2002-12-30 | Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS | |
| 2002-12-30 | Changed name to Cooperative Bank | |
| 2002-12-30 | Changed organization type to COMMERCIAL BANK | |
| 2007-09-01 | Acquired Bank of Jefferson (16469) in JEFFERSON, SC | |
| 2009-06-20 | Failed. Acquired with government financial assistance and subsequently operated as part of First Bank (15019) | |
| 2011-01-21 | Acquired The Bank of Asheville (34516) in ASHEVILLE, NC as part of a government assisted transaction. | |
| 2013-09-04 | Moved bank headquarters from WILMINGTON, NC to SOUTHERN PINES, NC | |
| 2015-04-22 | Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD | |
| 2015-04-22 | Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS | |
| 2017-03-04 | Acquired Carolina Bank (34348) in GREENSBORO, NC | |
| 2017-10-01 | Acquired Asheville Savings Bank, S.S.B. (29663) in ASHEVILLE, NC |