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Archive for June, 2009

Regulators close Wilmington-based bank

Friday, June 19th, 2009



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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Story summary

For 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

More: continued here

A Cooperative Bank timeline

Friday, June 19th, 2009

By Wayne FaulknerWayne.Faulkner@StarNewsOnline.com

Cooperative Bank got its start in a dark economic period for the nation – the Great Depression.

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13 charged in Brunswick County prostitution raid

Friday, June 19th, 2009

By David ReynoldsDave.Reynolds@StarNewsOnline.comand Kellen Moore Kellen.Moore@StarNewsOnline.com

Nearly a dozen women, employees of spas and dance clubs, were charged with prostitution when Brunswick County sheriff’s deputies raided four businesses overnight.

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EXCLUSIVE: Read letter of recommendation for teacher, now accused of sex crimes

Friday, June 19th, 2009

By Chelsea KellnerChelsea.Kellner@StarNewsOnline.com

But before she left New Hanover County Schools, Jessica Wishnask asked Assistant Superintendent for Human Resources John Welmers for a letter of recommendation. He complied.

More: continued here

Cooperative Bank closes, will reopen Monday as First Bank

Friday, June 19th, 2009

By Chris MazzoliniChris.Mazzolini@StarNewsOnline.com

Federal regulators shut down Cooperative Bank on Friday – the second Wilmington bank to fail this year.

More: continued here



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