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February 23, 2006
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  February 23, 2006
 

COOPERATIVE BANKSHARES, INC. ANNOUNCES FIRST QUARTER DIVIDEND

 Wilmington, N.C., February 23, 2006--Cooperative Bankshares, Inc. (NASDAQ:“COOP”), announced that on February 22, 2006 the Board of Directors declared the 2006 first quarter dividend of $0.05 per share.  The dividend is payable on April 17, 2006, to stockholders of record April 3, 2006.  

Cooperative Bankshares, Inc. is the parent company of Cooperative Bank.  Chartered in 1898, Cooperative Bank provides a full range of financial services through 21 offices in Eastern North Carolina. 

For Additional Information
Frederick Willetts, III, President/ CEO
Todd L. Sammons, CPA, Senior Vice President/ CFO
Linda B. Garland, Vice President/ Secretary
910-343-0181

 
 
 
 
 

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