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Regulators close Wilmington-based bank

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For the second time this year, a Wilmington-based bank has failed. The state Commissioner of Banks Friday closed Cooperative Bank.

The FDIC says Cooperative’s 24 offices will reopen Monday as part of First Bank, based in Troy. Customers who had accounts with Cooperative will automatically become customers of First Bank.

Back in April, Wilmington-based Cape Fear Bank failed. It reopened as First Federal after that bank bought Cape Fear Bank’s assets from the FDIC.

Click here for more information on Cooperative Bank’s closing.

 

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For the second time this year, a Wilmington-based bank has failed. The state Bank Commissioner Friday closed Cooperative Bank.

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