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Archive for June, 2009

Cooperative Bank reopening as First Bank

Monday, June 22nd, 2009

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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. Customers who had accounts with Cooperative will automatically become customers of First Bank.

Without any advance notice Cooperative Bank is now First Bank. The large Cooperative Bank letters on the downtown branch are gone. The $64,000 question is, what does this mean for current Cooperative customers?

“It’s business as usual. Customers will be able to use their ATM, their checking accounts, debit cards, credit cards, and make loan payments,” said Marvin Payne of the FDIC.

First Bank is headquartered in Troy, NC.

“We’re excited about being here in the Wilmington market and other coastal markets where Cooperative was in,” said First Bank President and CEO Jerry Ocheltree. “We’re now the 4th largest bank headquartered in the state of North Carolina… This is an FDIC assisted deal. We were notified Cooperative was a candidate. We submitted a bid, and we were the lucky winner.”

FDIC representative Marvin Payne looks at this bank transaction as a merger. “The main difference today is the signs say First Bank and not Cooperative Bank.”

With this merger, First Bank now has 99 offices in three states.

The First Bank president says all Cooperative employees will keep their jobs under 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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videoFor the second time this year, a Wilmington-based bank has failed. The state Bank Commissioner Friday closed Cooperative Bank.

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Associated poll

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Governor visits New Hanover Co. Monday

Monday, June 22nd, 2009

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For the second time this month Governor Bev Perdue visits New Hanover County today. The governor will hold an education rally at the Minnie Evans Arts Center on Halyburton Memorial Parkway. It starts at 10 a.m.

Perdue will talk about her budget priorities. During rallies last week the governor tried to build public support for tax increases to prevent big cuts to education. It’s believed perdue wants as much as $1.5 billion in new revenues.

She will finish her six-city tour with a rally this afternoon in Greenville. We will have a complete wrap-up of her visit to New Hanover County tonight on WWAY NewsChannel 3 starting at 5.

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For the second time this month Governor Bev Perdue visits New Hanover County today. The governor will hold an education rally at the Minnie Evans Arts Center on Halyburton Memorial Parkway.

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Associated poll

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Owners in cruelty case to get some horses returned

Monday, June 22nd, 2009

By David ReynoldsDave.Reynolds@StarNewsOnline

More than half of the horses seized in May amid allegations of animal cruelty will be returned to their owner on Monday, according to those who have cared for them.

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N.C. analysis – Lawmakers axe plastic bags on coast

Sunday, June 21st, 2009

By Joe JohnsonStarNews Correspondent

Raleigh | Plastic bags are getting the boot, at least along one stretch of the North Carolina coast. The northern Outer Banks are getting this protection, but the southern beaches will have to wait a little longer.

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Jackpot! Powerball ticket worth $88M sold in N.C.

Sunday, June 21st, 2009

Associated Press

RALEIGH, N.C. (AP) – A Powerball ticket worth $88.1 million was sold in North Carolina, the second Powerball jackpot since the state added the nationwide lottery game three years ago, officials said Sunday.

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