EX-10.1
from 8-K
6 pages
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 Docket No. 09-049-Wa/Rb-Hc 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; Whereas, It Is the Common Goal of Bankshares and the Federal Reserve Bank of Richmond (The “Reserve Bank”) to Maintain the Financial Soundness of Bankshares So That Bankshares May Serve as a Source of Strength to the Bank; Whereas, Bankshares and the Reserve Bank Have Mutually Agreed to Enter Into This Written Agreement (The “Agreement”); And
12/34/56