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COOPERATIVE BANKSHARES LISTED IN TOP 200 PUBLICLY TRADED COMMUNITY BANKS 

For Immediate Release: 

Wilmington, NC—June 12, 2008.  Cooperative Bankshares, Inc. (NASDAQ; “COOP”) was recognized in the June 2008 US Banker as one of the Top 200 Community Banks in the country.  The list is based on a three-year average return on equity. 

Cooperative Bankshares, Inc. is the parent company of Cooperative Bank.  Chartered in 1898, Cooperative Bank provides a full range of financial services through 23 offices in North Carolina and two offices in South Carolina.  Cooperative Bank’s subsidiary, Lumina Mortgage, Inc., is a mortgage banking firm, originating and selling residential mortgage loans through three offices in North Carolina.

For Additional Information:
Frederick Willetts, III, President