September 21, 2004
 

COOPERATIVE BANKSHARES, INC. ANNOUNCES THIRD QUARTER DIVIDEND

Wilmington, NC—Cooperative Bankshares, Inc. announced that on September 20, 2004, the Board of Directors declared the 2004 third quarter dividend of $0.07 per share, payable on the 16^th day of October, 2004, to stockholders of record as of October 1, 2004.