Cooperative Bank
Wilmington, NC · Owner: Coop Bankshares Inc
$967M
total assets, March 31, 2009
$967M
total assets, March 31, 2009
Cooperative Bank was a state nonmember bank in Wilmington, NC, owned by Coop Bankshares Inc. It failed on Jun 19, 2009, and First Bank took over its deposits. At its last report it held $966.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2009
This bank failed
- Failed on
- Jun 19, 2009
- Assets
- $967M
- Deposits
- $768M
- Estimated cost
- $287M
- Deposits went to
- First Bank, Troy, NC
Total assets
$967M
+0.8% in a year · +1.7% in a quarter
Deposits
$768M
+5.4% in a year · +10.4% in a quarter
Loans
$848M
0.0% in a year · -4.5% in a quarter
Profit so far
$1.2M
Jan 1 to Mar 31, 2009 · +18.6% in a year
Capital ratio
3.67%
-4.34 pts in a year
Return on assets
0.49%
+0.07 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 201 Market Street, Wilmington, NC, 28401
- County
- New Hanover
- Holding company
- Coop Bankshares Inc
- Established
- Jan 1, 1898
- Failed
- Jun 20, 2009
- Employees
- 224
- Branches
- 22 in 2 states
- Id
- b27837
Quarter by quarter
March 31, 1984 to March 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Cooperative Bank?
$966.8 million in total assets and $768.5 million in deposits as of March 31, 2009, with assets up 0.8% from a year before. Its loans were $848.5 million.
How many branches does Cooperative Bank have?
22 branches in 2 states as of June 30, 2026.
Is Cooperative Bank profitable?
Yes: it earned $1.17 million from January 1 to March 31, 2009 (up 18.6% from the same months a year before). Its return on assets was 0.49% a year; about 1% is typical.
Who owns Cooperative Bank?
Cooperative Bank is owned by Coop Bankshares Inc, its holding company.
When did Cooperative Bank fail?
Jun 19, 2009. First Bank of Troy, NC took over its deposits. The estimated cost of the failure was $287.3 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.