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For immediate release:
Wilmington, N.C., August 16, 2007--Cooperative Bankshares, Inc.
(NASDAQ: “COOP”), announced that on August 15, 2007, the Board of
Directors declared the 2007 third quarter dividend of $0.05 per
share. The dividend is payable on or about October 17, 2007, to
stockholders of record as of October 2, 2007.
Cooperative Bankshares, Inc. is the parent company of Cooperative
Bank and Bank of Jefferson in Jefferson, South Carolina. Chartered
in 1898, Cooperative Bank provides a full range of financial
services through 23 offices in Eastern North Carolina. Cooperative
Bank’s subsidiary, Lumina Mortgage, Inc., is a mortgage banking
firm, originating and selling residential mortgage loans through two
offices in 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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