# COOPERATIVE BANK

> **Failed bank** · WILMINGTON, NC · failed 2009-06-19 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $287M

## What happened

COOPERATIVE BANK of WILMINGTON, NC was closed by regulators on **2009-06-19**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST BANK** (TROY, NC). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3632
- **FDIC Certificate:** 27837
- **FDIC FIN:** 10065
- **Bank name:** COOPERATIVE BANK
- **Location:** WILMINGTON, NC
- **Failure date:** 2009-06-19
- **FDIC resolution date:** 2009-06-19
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $287M
- **Deposits at failure:** $768M
- **Assets at failure:** $967M
- **Acquiring bank:** FIRST BANK (TROY, NC)

## Other banks FIRST BANK has acquired in FDIC resolutions

- THE BANK OF ASHEVILLE (ASHEVILLE, NC) — failed 2011-01-21 — /failed-bank/3896
- BUCHEL BANK & TRUST CO. (CUERO, TX) — failed 1991-08-22 — /failed-bank/3166
- FARMERS STATE BANK OF MADISONVILLLE (MADISONVILLE, TX) — failed 1990-11-29 — /failed-bank/2943
- CITIZENS NATIONAL BANK (EL CAMPO, TX) — failed 1990-08-30 — /failed-bank/2886
- FARMERS STATE BANK OF BROOKSHIRE (BROOKSHIRE, TX) — failed 1990-05-24 — /failed-bank/2774
- FARMERS STATE BANK (SCHULENBERG, TX) — failed 1990-03-08 — /failed-bank/2689
- FIRST STATE BANK OF MCKINNEY (MCKINNEY, TX) — failed 1989-08-17 — /failed-bank/2483
- KATY NATIONAL BANK (KATY, TX) — failed 1989-05-04 — /failed-bank/2366
- FIRST CAPITOL BANK (WEST COLUMBIA, TX) — failed 1988-07-28 — /failed-bank/1799
- THE FIRST NATIONAL BANK OF NAVASOTA (NAVASOTA, TX) — failed 1987-08-13 — /failed-bank/1495

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COOPERATIVE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COOPERATIVE BANK (FDIC ID 3632), failed 2009-06-19. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3632.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*